Tesla (TSLA) Lower on Reports of 2nd Model S Fire
According to reports from Jalopnik, a Model S caught fire in Mexico after a crash.
"The crash occurred in the Yucatán city of Mérida. In news first broken in the English-speaking world by Axis of Oversteer this weekend, Mexican newspaper Progreso Hoy reported on Oct. 18 that the Tesla sped into a roundabout, struck a wall and then crashed into another wall in a private residence before hitting a tree. The driver, whom Diario de Yucatán also reports was under the influence of alcohol, fled the scene."
A Tesla spokesperson issued the following statement on the incident:
"We were able to contact the driver quickly and are pleased that he is safe. This was a significant accident where the car was traveling at such a high speed that it smashed through a concrete wall and then hit a large tree, yet the driver walked away from the car with no permanent injury. He is appreciative of the safety and performance of the car and has asked if we can expedite delivery of his next Model S."
Shares of Tesla are down 3.2% Monday to $164.11.