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.
Shares fell as low as $137.62 this morning after the fire report.
In light of the new Tesla fire in Smyrna, Tenn., investors might be taking a new look at the Fremont, Calif., maker of electric luxury cars. It's only model is the $73,000 Model S sedan.
http://www.usatoday.com/story/money/cars/2013/11/07/third-fire-in-tesla-model-s-reported/3465717/