Tesla Remedies Wall Charger Concerns With a New Upgrade
After three vehicle fires that resulted in a National Highway Traffic Safety Administration investigation, a software update, and a gratuitous dent in Tesla Motors (NASDAQ:TSLA) stock price, the combination of the words “fire” and “Tesla” or “Model S” seems to now provoke a sort of conditioned response for investors to hit the sell button.
That’s what is happening during Friday’s trading session, as Tesla shares are down nearly 3 percent despite the company revealing a preventative measure to minimize incidents like the garage fire that happened in November. As you may recall, the fire was not related to the Tesla Model S itself, which was charging in the garage — instead, the fire occurred within the walls in the vicinity of the charging module that was mounted to the wall of the garage.
Tesla will be updating its wall charger adapters with the new units, including a thermal fuse that is designed to shut down the charging function if overheating is detected, Tesla CEO Elon Musk said.