Tesla cooperating with French authorities investigating car fire
- Wall Street falls as investors ready for Trump's inauguration
- IBM (IBM) Tops Q4 EPS by 13c, FY17 EPS Guidance Beats Consensus
- American Express (AXP) Misses Q4 EPS by 7c, FY17 EPS Guidance Tops Views at Mid-Poinit
- Skyworks Solutions (SWKS) Tops Q1 EPS by 3c, Offers Q2 Guidance, Announces Buyback
- Synergy Pharma (SGYP) Trulance (Plecanatide) Approved by FDA
A Tesla logo adorns a 'Model S' car in the dealership in Berlin, Germany, November 18, 2015. REUTERS/Hannibal Hanschke - RTS7VPF
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
FRANKFURT (Reuters) - Tesla Motors (NASDAQ: TSLA) is cooperating with French local authorities investigating a fire involving one of its Model S cars during a test drive in Biarritz, it said on Tuesday.
"We are working with the authorities to establish the facts of the incident and offer our full cooperation. The passengers are all unharmed," a Tesla spokesman said, adding that passengers were able to get out of the car, a Model S 90 D, safely before the fire.
The incident happened during a test drive event organized by Tesla in France, the spokesman said.
In 2013, Tesla's shares fell sharply after images emerged of a Model S catching fire after a driver struck a large metal object that punctured a cover protecting the lithium-ion battery.
Lithium-ion batteries are vulnerable to catching fire if damaged.
Overall the Model S is seen as a safe vehicle. It has won a five-star safety rating from the U.S. National Highway Traffic Safety Administration in every testing category. The Model S also has the highest rating given by influential magazine Consumer Reports, with a score of 99 out of 100 points.
(Reporting by Edward Taylor and Tina Bellon; editing by Susan Thomas)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla's (TSLA) Musk Says NHTSA's Final Report on Autopilot is 'Very Positive'
- CFPB Sues TCF National (TCB) Bank for Tricking Consumers Into Costly Overdraft Service
- Western Union (WU) Admits Anti-Money Laundering and Consumer Fraud Violations, Forfeits $586M in Settlement
Create E-mail Alert Related CategoriesInsiders' Blog, Litigation, Reuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!