Feds review third Tesla fire as shares fall again – 11/7/13

The Center for Auto Safety is the nation’s premier independent, member driven, non-profit consumer advocacy organization dedicated to improving vehicle safety, quality, and fuel economy on behalf of all drivers, passengers, and pedestrians.

Federal investigators said today they are going to take a look at the latest fire involving a Tesla Model S as the electric car maker’s stock shares continued to tumble.

Tesla shares fell the third consecutive day closing at $139.91. That was down $11.25, or 7.4%, for the previous day’s close. Since Tesla announced its third-quarter earnings after trading hours Tuesday, the stock as dropped 20.9%

Some disappointments in the Q3 report started the stock-price tumble, and the fire report today kept the shares from rebounding.

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