#Tesla CEO Elon Musk vows no recall despite of Model S fire incidents | #TSLA


Updated December 2, 2013 ‚óŹ 655 views

Tesla CEO Elon Musk said there "definitely" won't be a recall of the Model S, quashing rumors in the wake of three battery fires during the past five weeks that have put some pressure on Tesla's lofty stock price.

"There's no reason for a recall," the outspoken CEO said in defense of the electric cars during a conference Tuesday hosted by The New York Times Dealbook blog. "If you read the headlines, it sounds like Teslas have a greater propensity to catch fires than other cars. In reality, nothing could be further from the truth."

via money.cnn.com

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Come on guys... it's only 3 cars. The other one crashed. A lof of cars catch on fire in an accident. So I don't think there's a point for a recall. It's just the bear guys who wants a recall.

JohnD · 7 years ago
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@JohnD: Are you you holding TSLA?

Alexa · 7 years ago
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@Alexa: I actually ended up selling it. I'm just waiting for re-entry. Right now TSLA might go down more.

JohnD · 7 years ago
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Musk said:

"Nothing can be further from the truth," he said, citing that the average rate of fires in gasoline cars in one in every 1,300 vehicles compared to Tesla's track record of one for every 8,000.

True but he is leaving out the most critical data and he should know it better. Yes 1 gasoline car catch fire in every 1300 vehicles on the road but how many of them are less than a year old cars catching fire while going over the road debris?

He doesn't want a recall because he knows the stock will plummet back to 40!!!

JasonIsBorn · 7 years ago
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133,000 car fires per year in the US.

By rough estimates, seeing the number of Teslas in service and the number of miles driven there should have been roughly 10-11 of them involved in fires by now.

So the "five times" number is a bit high, but not out of the ballpark.

RyanZ · 7 years ago
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TSLA is a BUY now! $200 next year!

RobZ · 7 years ago
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No voluntary recall over fires, let see what happen after a few more crash and burn.

JasonIsBorn · 7 years ago
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REALLY! no recall? Is he gonna wait until the whole Model S fleet burns!?

awesome8 · 7 years ago
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Well, we'll see what he would say on the fourth fire incident. The 2 fires started because of the battery's risk of being hit that cause the fire.

Robber · 7 years ago
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