Analyst Elaine Kwei commented today that Tesla's Model S sedan is still considered safer than most vehicles by investors, with the risk of a vehicle fire still being
far lowerversus conventional cars.
Kwei raises Model S delivery estimates for Q3 from 5,350 units to 5,500 units.
Commentary comes following reports of a Model S fire in Washington state last week, with CEO Elon Musk addressing the issue last Friday in an open blog post.
Short interest on Tesla has fallen from 43 percent of flat last March down to just 19 percent through the middle of last month. Shares are up 2.5 percent Monday.
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Shares of Tesla Motors closed at $180.98 last Friday, with a 52 week range of $26.86 to $194.50.