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Another Tesla Model S involved in a traffic crash caught fire near Smyrna, Tenn., on Wednesday after an apparent strike by road debris — the third such report in six weeks. As with the previous two cases, the news sparked a reaction from investors, who sent Tesla shares plunging, and Tesla itself, which said no one was injured and that it was investigating the cause.
But this latest incident does raise a troubling comparison for Tesla's 19,000 Model S owners: Even though it has fewer electric cars on the road than its competitors, none have reported similar fires after crashes.
Second, its razor thin profits turned to a $38 million loss last quarter, in spite of the extra $35,000 it makes on each car it sells by selling California zero emission tax credits to competitors like Honda and Toyota. Without the hundreds of millions of dollars it makes every quarter from California and federal tax credits, CEO Elon Musk would be seeing nothing but red.
I just pulled this quote from a Fox New Article about a potential bubble in silicon valley. It just goes to make the point, these electric cars are not economically viable, but like a lot of green tech., and being propped up by tax credits, and other fuzziness.
Breaking news.... today there were about 300 petrol car fires... just like every other day in the U.S. still millions of people are OK with sitting on those "bombs" for miles and miles. Lol
I just pulled this quote from a Fox New Article about a potential bubble in silicon valley. It just goes to make the point, these electric cars are not economically viable, but like a lot of green tech., and being propped up by tax credits, and other fuzziness.
I think Musk's idea is to use tax credits and whatever other means are available to keep the cost of the cars just a bit lower but still make money until they can get the cost down for real via economies of scale and advancements in battery and materials tech. He believes that a truly low cost electric a car is a ways off and feels that selling a luxury vehicle to people who can afford it until then is the best way to succeed.
I'm sure Tesla engineers are looking how to prevent this from happening on future models. Striking a small object, such as a rock, ball mount, or whatever shouldn't cause a car to be a total loss.
I'm sure Tesla engineers are looking how to prevent this from happening on future models. Striking a small object, such as a rock, ball mount, or whatever shouldn't cause a car to be a total loss.
This latest one was a trailer hitch. That's a pretty big object.
This latest one was a trailer hitch. That's a pretty big object.
From the info in the press, I'm certain it was something like this :
The Model S has very lie ground clearance on lowest setting. Needs to be fixed if a puncture causes fire.
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