Friday 4 October 2013

After Model S Fire, Wall Street Throws Cold Water on Tesla

foxbusiness.com - Traders continued to throw cold water on Tesla ( TSLA ) after seeing a video showing a Model S on fire, an incident that gave bears more reason to doubt the stock’s rapid ascent.Tesla’s slide began on Wednesday afternoon, when investors caught wind of the online video and sent shares down 6.2%. Shares continued to fall Thursday, closing 4.2% lower at $173.31.The vehicle fire occurred near Kent, Wash.

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