Time to dump Tesla? | TigerDroppings.com

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Bayou Self
Member since Oct 2012
3336 posts

Time to dump Tesla?



quote:

Tesla says car fire began in battery after crash

quote:

Shares of Tesla Motors Inc. fell more than 6 percent Wednesday after an Internet video showed flames spewing from the vehicle, which Tesla has touted as the safest car in America.

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In an incident report released under Washington state's public records law, firefighters wrote that they appeared to have Tuesday's fire under control, but the flames reignited. Crews found that water seemed to intensify the fire, so they began using a dry chemical extinguisher.

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The driver said he believed he had struck some metal debris on the freeway, so he exited the highway and the vehicle became disabled.

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R.W. Baird analyst Ben Kallo cut his rating on the stock from "Outperform" to "Neutral," telling investors that while he's still bullish on Tesla's long-term prospects, the company has "significant milestones" during the next 18 months that come with risk.









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Haughton99
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Haughton
Member since Feb 2009
1086 posts

re: Time to dump Tesla?


Yes because cars that are full of gasoline never catch fire after an accident.





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Cold Cous Cous
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Member since Oct 2003
13880 posts

re: Time to dump Tesla?


If you thought Tesla was a buy before this, I don't know why a drop in the stock price would change your mind.

But this is Tesla's major problem from a marketing standpoint. Not that its cars might catch on fire (which they will), but that when they do, it's inevitably going to be national news. How many Fords caught fire this week?






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League Champs
Bayou Self
Member since Oct 2012
3336 posts

re: Time to dump Tesla?


I guess I was just taken aback by the fact that it was caused by road debris.

I would wager no Fords caught on fire due to that??






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Cold Cous Cous
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re: Time to dump Tesla?


quote:

I guess I was just taken aback by the fact that it was caused by road debris.

I would wager no Fords caught on fire due to that??


I dunno, I almost got killed driving a Ford due to some road debris. Granted the car did not actually catch on fire, but that was more a question of luck than anything else. Gas was everywhere.






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League Champs
Bayou Self
Member since Oct 2012
3336 posts

re: Time to dump Tesla?


quote:

Yes because cars that are full of gasoline never catch fire after an accident.

Thats Teslas PR strategy. There was no crash. So yeah, hard to believe a car ran over something and then caught on fire

Plus, the looming battery shortages in 2015 are going to make it tough to for Tesla to meet demands

But if course another road blaze incident might shrink demand






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sneakytiger
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Member since Oct 2007
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re: Time to dump Tesla?


This isn't exclusive to Tesla cars or even EV's... I can think of 2-3 people that have told me they know someone with a new Mercedes or other brand new high-end, high-tech vehicle that have suddenly burst into flames due to electrical issues. I think it's pretty common.

edit - I guess this somewhat different if they're saying it's the result of road debris. But my point is this makes the news because it's Tesla.



This post was edited on 10/3 at 12:27 pm


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Korkstand
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Plaquemine, LA
Member since Nov 2003
10272 posts

re: Time to dump Tesla?


quote:

Plus, the looming battery shortages in 2015 are going to make it tough to for Tesla to meet demands

I said it in the other thread and I'll say it again here: IF there will be a battery shortage, it will be short-lived. If you can predict a battery shortage over a year into the future, don't you think the battery manufacturers can plan ahead? Just like they did with all previous booms in battery demand (laptops, cell phones, etc.).






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