We Are Not Recalling “Model S” Says Tesla Motors Inc (NASDAQ:TSLA)’S Elon Musk

Posted by Ryan Mandell November 13, 2013 0 Comment 924 views

Tesla Motors Inc (NASDAQ:TSLA) Chief Executive Officer Elon Musk says the company is not going to recall its Model S sedan over the recent fire incidents.

“The headlines are extremely misleading,” Musk said in an interview at the DealBook Conference.

Following three fire incidents, the news started appearing that Tesla Motors may consider recalling their Model S to “strengthen the undercarriage.”

However, rubbishing the reports Musk clearly stated that there’s no plan to do so, as Tesla Model S is five times less likely to catch fire than other cars, he clarified.

He further, during the event, said there has been not a single death or any serious injury in these three accidents or not anywhere else in the world, and so there’s no point in questioning the efficiency of the cars.

Despite the widely hyped recent fire incidents in Tesla S, Musk said his cars are 5x less likely to catch flame than other gasoline cars in the United States.

Musk, however, said that in the three fires case, the car owners have asked for immediate replacements for their Model S sedan.

The reason behind one of the recent crash was that the person behind the wheel was driving really fast, leading the Tesla car to crash, he said. Musk also added that no one can survive that kind of crash, but in Tesla Model S incidents, drivers and passengers managed to get out of the car safely.

More than Tesla Motors Inc (NASDAQ:TSLA)’s decision, it’s the government ultimately who will decide whether the company should recall their vehicles or not. In-fact, the National Highway Traffic Safety Administration is in contact with Tesla Motors and Tennessee authorities, where the accidents took place last week.

On a possible recall put Tesla Motors Inc (NASDAQ:TSLA) shares down 5% on Tuesday closing down at $137.80. However, the shares rose 2% after Musk “no recall” statement.

About Ryan Mandell

Ryan Mandell is our senior staff writer covering the White House for Political Report, Ryan also coordinates with the main newsroom news items and contributing write-ups on cultural, social and political activities. Ryan holds an undergraduate degree in journalism, a Doctorate in international relations and a Master Degree in mass communications with an emphasis in print journalism. Ryan also covered the International Society of Social Defense congress in Spain in 2007 and taken part in the Global Forum on economic policies

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