Tesla (TSLA) on Watch Amid 'Fiery' Model S Crash in Indiana

November 3, 2016 9:47 AM EDT

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Tesla (Nasdaq: TSLA) shares are trading higher amid news of a crash in Indianapolis, Indiana, early this morning. According to the report, two passengers were killed when a Tesla vehicle hit a tree and then burst into flames. The report didn't name the specific car, but footage indicates that it was a Model S.

Local station WTHR noted a quote from Indianapolis Fire Department Chief Rita Reith: There's a lot of volatility in those batteries when they're exposed unnecessarily ... They are pretty well-contained until they get into something like this where the impact literally made the car just completely blow apart.

For more from the report, click here. Shares of Tesla are up 1.6 percent.



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