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What actually burns there? It's clearly not the battery, so what in the front can catch fire that way?

Finally! I've been waiting for a dip so I could buy back in. Even with the dip, the stock is grossly overpriced....but that doesn't mean there isn't money to be made.

Ran over a piece of metal.

Somebody dropped a gas canister in front of Model S?

It may be premature to buy the initial dip, selling could accelerate as the day goes on as fear grips the major fund investors.

Tesla needs to fully investigate the fire and disclose quickly the results of the investigation. I am not so sure "fire fighting" procedures are adequate for this type of battery. It might be the right time to evaluate changes in the battery from the originally designed roadster battery configuration.

Yes, they should find out how it happened. Especially because the firefighters said, after being put out "it kept igniting".
This situation could be very dangerous if you are on a highway without a pull-out lane OR if you get stuck under/between something while it catches fire.

I am sure they will be able to do something to make the battery less vulnerable to impact, but there should be some serious changes be made.

I am a Tesla fan and I want this car to succeed. And I know it will. Funny thing is, I had a feeling that everything was running too smoothly and this is when usually something bad happens. I sold my shares a few days before the downgrade and the fire. It was getting scary. I had a feeling that it could tank any time. I don't think we are at the bottom of it yet.

Any experts here who has an explanation on what can make a battery catch fire?

I have worked in the boating industry and we used teflon plates on the bottom our river boats..boats that do 50 mph up a river.. I have seen them run onto rocks and jagged edges...teflon does not cut easily, maintains its shape and most of all is slippery to any pressure applied..
It sounds like that is what is needed to protect the battery..and maybe Co2 in the battery to prevent ignition...

Just a thought...

Buy! Buy! Buy! while its low..

This to me is all the sane and non-emotional reasoning I need to buying and keep buying Tesla stock and options.

Stop and think about it - what fundamentally has changed? Nothing. Tesla is selling everything it can produce. They're making profits. 6000 Model X's are pre-sold. Tesla is reinvesting to develop the recharging grid. As for profits - I would not be as utterly concerned about making profits in the short-term, but would rather reinvest back into the company to improve production, product development, safety and efficiency.

To panic sell is silly based on an accident. It's over reactionary. Don't look now but look at how many non-Tesla cars are in fiery accidents everyday.

DEUTSCHE BANK ON TESLA FIRE: This 'Had To Happen At Some Point'
MATTHEW BOESLER OCT. 3, 2013, 7:26 AM 8,699 14

Yesterday, Tesla shares fell 6.2% — in part because of an analyst's downgrade, but also perhaps in part because of a fiery car crash that raised concerns over the safety of the electric vehicle's lithium-ion battery.

In a note to clients (titled "Had to happen at some point; no change to the thesis"), Deutsche Bank analysts led by Dan Galves argue that this was inevitable.

"We expect that negative news flow and investor concern over the impact to demand of this incident will put negative pressure on the stock in the near-term," write the Deutsche Bank analysts. "And these are meaningful concerns, as this is a new technology and one in which sensitivity to safety risk is very high."

However, the Deutsche Bank team also offers a few reasons why damage to investor perceptions of Tesla vehicles' safety should be mitigated:

After 83 million miles of Model S driving, 12 significant accidents, and extreme crash-testing by U.S. Safety regulators, this is the first fire in a Tesla vehicle. Although more details are needed on the exact reasons behind this incident, and it would certainly be best to completely eliminate the chance of a fire, Tesla believes that the frequency in which an accident propagates a fire is similar in an internal combustion vehicle.
The fire resulted from a collision. If this had been a spontaneous incident with no catalyst (i.e. in someone’s garage), the impact would be significantly worse.
This was not an explosion. The fire started gradually and the vehicle performed as designed in terms of protecting the driver and providing ample warning.
Tesla’s ability to monitor the vehicle systems remotely will enable a detailed report on the root cause of the incident. We believe that the company will and should provide as much information as possible.
"This incident does not change our positive thesis on the company or the stock," concludes Galves. "Given significant Roadster and Model S experience (6 years, tens of millions of miles driven) without a fire, we have confidence that this is an isolated incident that could happen to any vehicle."

Deutsche Bank has a buy rating on the stock and a price target of $200.

Read more: http://www.businessinsider.com/deutsche-bank-tesla-fire-had-to-happen-at...

I am so angry that the average person is HAPPY to hear about the failure of new technology. I shouldn't be surprised by this but still. It's all very disappointing.

Statistics show that this is still leaps and bounds ahead of other cars in terms of safety. As many of you have already pointed out other cars catch fire for lesser reasons all the time! This is nothing. An expected outcome in an accident, even!

So stupid...

Why is a failure??? any car gasoline, methane, hydrogen, fuel-cell has the potential to BURN, it was an accident.
***********************************************************

DEUTSCHE BANK ON TESLA FIRE: This ‘Had To Happen At Some Point’
MATTHEW BOESLER OCT. 3, 2013, 7:26 AM 8,699 14

Yesterday, Tesla shares fell 6.2% — in part because of an analyst’s downgrade, but also perhaps in part because of a fiery car crash that raised concerns over the safety of the electric vehicle’s lithium-ion battery.

In a note to clients (titled “Had to happen at some point; no change to the thesis”), Deutsche Bank analysts led by Dan Galves argue that this was inevitable.

“We expect that negative news flow and investor concern over the impact to demand of this incident will put negative pressure on the stock in the near-term,” write the Deutsche Bank analysts. “And these are meaningful concerns, as this is a new technology and one in which sensitivity to safety risk is very high.”

However, the Deutsche Bank team also offers a few reasons why damage to investor perceptions of Tesla vehicles’ safety should be mitigated:

After 83 million miles of Model S driving, 12 significant accidents, and extreme crash-testing by U.S. Safety regulators, this is the first fire in a Tesla vehicle. Although more details are needed on the exact reasons behind this incident, and it would certainly be best to completely eliminate the chance of a fire, Tesla believes that the frequency in which an accident propagates a fire is similar in an internal combustion vehicle.

The fire resulted from a collision. If this had been a spontaneous incident with no catalyst (i.e. in someone’s garage), the impact would be significantly worse. This was not an explosion. The fire started gradually and the vehicle performed as designed in terms of protecting the driver and providing ample warning.

Tesla’s ability to monitor the vehicle systems remotely will enable a detailed report on the root cause of the incident. We believe that the company will and should provide as much information as possible.

“This incident does not change our positive thesis on the company or the stock,” concludes Galves. “Given significant Roadster and Model S experience (6 years, tens of millions of miles driven) without a fire, we have confidence that this is an isolated incident that could happen to any vehicle.”

Deutsche Bank has a buy rating on the stock and a price target of $200.

The fire didn't even spread to the whole battery; just the nose area was involved. Obviously, the internal protections continued to function.

The shorts had a few hours to gloat--no real news here and the stock is back up. Lots of info over at TMC.

This fire is a one time event. It is a freak thing. But it certainly has the "shorts" all excited. Further, the Tesla Haters are also showing up.

This is not due to a fundamental design flaw. One can only anticipate so much when designing. This certainly will result in some adjustments. But it will take more than this to derail Tesla.

The sharks do smell blood as one law firm has announced that it is looking into a shareholder lawsuit based on the safety claim. They a trolling for business as no one has come forth. This firm has been known to sue first then look for people to claim they have been damaged . They probably also short the stock while they are at it.

I believe Tesla would do well to get ahead of the story and plot out that lots of things catch fire even other cars and that gasoline in the tank is akin to a Molotov Cocktail ready to ignite.

Yes, they need to look at steps to more fully kprotect the driver and passengers and let the public know they are on top of things.

From what I can discern, Tesla's design helped limit the fire. I also notice that firefighters need some training.

Buy TSLA while it is down. Looking at the chart, that is exactly what is happening.

I'm not sure it was the battery that was on fire in first place. Just something in the front section. There is quite a lot of things there, not sure what was the cause of the fire.

I don't know if anyone from Tesla senior management reads this forum but I have a suggestion for the brainstorming that is maybe taking place now on the possible PR nightmare of the fire. I may be wrong but here goes.

Firstly (as I see it) the safety features designed into the model S worked exactly as designed and tested. If almost any substance is left to burn unattended as in the famous video (particularly rubber tyres) long enough it will produce a dramtic looking fire.

Secondly the instructions Tesla have already published on their website about how firefighters should deal with the car in accident situations clearly state that this could happen from this kind of accident and how to deal with it.

My suggestion is that on the photos section of Tesla's website they post the fire video as an example of the safety features working as designed alongside another video of a solid block of aluminium sitting on a few tyres burning for a similar amount of time. The two fires would be equally dramatic.

Here is Elon's official blog:

http://www.teslamotors.com/blog/model-s-fire


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