Tesla Motors Inc (TSLA) Investigating Stolen Model S Crash

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Tesla Motors Inc (NASDAQ:TSLA) the electric-car maker, has said that it is keenly looking into the remnants of the a stolen Model S sedan that was split in half and got burnt after a fierce collision during a police chase in Los Angeles. In a program, Bloomberg’s Matt Miller said that the Tesla Motors Inc (NASDAQ:TSLA) has done good by not jumping to the conclusions but getting down to the bottom of this incident is really importunate for the automobile giant to keep its image refined.

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“This is what Tesla Motors Inc (NASDAQ:TSLA) has said now after each accident involving the model S that resulted into fire, they don’t jump to any conclusions which is probably very smart” said Miller.

Miller also said that it wasn’t just the Tesla S model that was in the accident, there are a number of other circumstantial attributes that must be considered while judging anything about the car. He said that any accident involving a 100 mile car running into a pole is disastrous and causes immense damage to the car and its occupants.

Miller added that the huge fire that was erupted after the collision was because of the Lithium-ion batteries that normally cause explosions in case of strong collisions.

“Obviously, it’s a serious issue for Tesla Motors Inc (NASDAQ:TSLA), they’ve had this problem with Lithium-Ion batteries catching fire in the past, they have issued fixed, for example they have put another skid plate under the car, but if you hit something at a hundred miles an hour, a lot of skid plates aren’t going to hold up,” said Miller.

Miller also mentioned that Mexico is going to cross Brazil in the automobile production sector based on the immense progress of Mexican automobile producers in the past five months. Miller said that 8 out of every 10 cars made in Mexico are exported to the US and this great market access to the mainstream canvas is the secret behind Mexican automobile market success.

Disclosure: None

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