Tesla Motors Inc (TSLA) Will Not Recall The Model S Due To The Fires

Posted Nov 13, 2013

Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk was on stage at the Business Insider IGNITION 2013 conference yesterday where he talked about the Model S fires.  Musk pointed out that the Model S vehicles are five times less likely to catch on fire than gasoline cars.

“Never been a single death or serious injury in a Tesla Model S anywhere in the world,” stated Tesla Motors Inc (NASDAQ:TSLA) Elon Musk.  “If we thought that a recall was warranted, we would do it immediately.”

“If fire is your concern, you could not be in a safer car,” he added.

Musk talked about how the driver behind the Model S was driving extremely fast in one of the recent crash.  The crash had four times more impact energy than the most strenuous regulatory test anywhere in the world.  The wheels ripped off the car, skidded, and hit a tree.

“You?re not supposed to survive a crash like that,” said Musk on stage. “But the drivers and the passengers got out. And then sometime later there was a fire.”  He pointed out that it was amazing that the driver lived.

The amazing thing is that they lived, he insisted, not that there was a fire in the front of the car.

[Source: BusinessInsider]