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>> GENERAL MOTORS Latest News

OCT 03, 2013 - Huffington Post

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Tesla Loses Up To $3 Billion In Market Value After Video Of Burning Car Goes Viral

DETROIT (Reuters) - A video that went viral of a burning Tesla electric car has emerged as a public relations nightmare for the company, analysts said Thursday, as the "green car" maker lost as much as $3 billion in market value two days after the incident in Washington state. Tesla Motors Inc has confirmed that the car caught fire after the driver ran over a large metallic object on Tuesday morning just south of Seattle, causing extensive damage to the front end of the Model S sedan. Emergency officials at the accident said the fire occurred in the electric vehicle's lithium-ion ... Read More

Tags: Tesla Loses Up To $3 Billion In Market Value After Video Of Burning Car Goes Viral,  General Motors Latest News