Tesla Model S cars caught fire 3 times in past 5 weeks, but Tesla CEO Elon Musk thinks that this is not a reason to recall. However, Tesla CEO asked affected owners of these 3 Model S cars to apply for replacements.
The blazing Model S incidents definitely damage the Tesla image and its stock price. Three Model S batteries caught fire in the past 5 weeks. And the media coverage points that Tesla cars have greater tendency to catch fire. But Tesla CEO thinks different. Instead the Tesla CEO Elon Musk said that he is not going to recall any of the Model S as "There's no reason for a recall." However, Tesla will replace the three damaged Model S cars.
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Tesla CEO Elon Musk defends his electric car. He said there is no car more safer than Model S. Tesla CEO said, "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. We have never had a serious injury or death in any of our cars. Maybe there is a car as safe as the Model S, but there is certainly not a car that is safer," during a conference on Tuesday hosted by The New York Times Dealbook blog, according to CNN Money.
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Elon Musk also reveals that the Tesla Model S is five times less likely to catch fire than average gasoline cars. But Tesla shares have gone down by approximately 30% after the first fire accident in October.