Tesla Shares Slide on Model S Fire, Constellation Raises Guidance, and 3 More Hot Stocks

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Tesla Motors (NASDAQ:TSLA): Tesla has continued to trade down in the wake of a report that a Model S caught fire outside of Seattle on Wednesday, though analysts such as Deutsche Bank do not think that a single car fire wrecks the bull thesis on Tesla, even if the story creates some “negative pressure” in the short-term. Deutsche further notes that the accident (caused by a piece of metal laying in the road) comes after 83 million miles of safe Model S driving, and didn’t occur spontaneously like the incidents with Chevrolet Volts.

TSLA 20131003

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business