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Musk: fire issue overblown, stock is a good deal right now

http://blogs.marketwatch.com/thetell/2013/11/12/elon-musk-talking-at-ny-...

Also, when they were live blogging this, the reporter wrote that Musk said there would no recall but for some reason that is not in the story.

Musk can't make that guarantee, I agree that a recall is unlikely however if the NHTSA initiates one then it is mandatory regardless of Musk's wishes.

I do not believe the fire issue is overblown. I was about to buy a S85 but after the fires I have changed my mind. I would consider buying one if changes are made to reinforce the underbelly to reduce future chances. If more fires occur the value of a new or used Model S will drop significantly. If there is a recall the company may not be able to handle the financial obligations. To me, at this time, this is a certain amount of risk I am not willing to undertake. If the underbelly is reinforced and a few months go by without a fire, I will reconsider purchasing.

@ WayneH, there has to be more to it than that. Maybe you just don't have the risk profile to be an early adopter. And that is okay, but there is a risk of any car having a catastrophic failure. Tesla's are just front page news currently.

I don't plan on running over any large debris but if I did, I would rather it be in a battery operated car than an ICE that is most likely to subject me to even greater risk. It would be something else if S85 were spontaneously combusting. There are, on average, 152,300 car fires annually (17 per hour), but that does not stop people from buying cars. The ratio of an ICE fire to miles driven is 1:20 million miles versus 1:100 million miles for Tesla. Last year, 750 people were hurt in vehicle fires. No one has been hurt in any of the Tesla incidents.

I get the fear, but the facts do not support your rationale in isolation.

Docrob: Perhaps Musk has already spoken with NHTSA? Musk would look pretty foolish if the NHTSA decided a recall was necessary.

WayneH: I am almost ready to purchase and the fire has NOT changed my mind. Model S is still an extraordinarily safe vehicle. As I've stated on other posts, my only worry is that occasional punctures in some cars would always lead to a fire that totals the car. Insurance companies will not like this.

The other story...We need strong legislation for idiots that don't secure their load (not kode). Why is nobody asking why this sh!t is laying in the road? Let's factor in some statistics for accidents that involve unsecured loads....including trailer hitches....Those are the liable parties....not Tesla.

dlake, I was thinking the same thing. I'll bet there has been a lot of communication already.

I am sure that Tesla would proactively and voluntarily recall the Model S if it felt there was a problem with the current design. It says a lot that Musk is standing by the vehicle, and certainly he has more facts at his disposal than any of us. I have no issue with the car's design whatsoever. I've never in my life hit any such road debris and don't remember the last time I saw a trailer hitch or similar piece of metal debris. This is not a common occurrence.

Found the link to the video of the interview. Lots of good stuff here including electric airplanes.

Fordy- Great idea, but probably not enforceable.

WayneH, you were about to buy but then the fire changed your mind? Are you aware that there hasn't been a single fatality or serious injury in the history of Tesla? That's 5 years since the Roadster came out.

Wayne's the one who became histrionic over the chain of custody of the metal debris in the first accident in WA. He's operating on a whole 'nother level. Nevermind that there were 100 million fire-free miles before the first incident.

+1 @AmpedRealtor

Since the two trailer hitch incidents, I've been hyper-vigilant about not running over metal-looking crap in the road and I've noticed two things in my drives around the SF Bay Area mainly on 101, 280, 17 and 1: (1) Most road crap is squishy like plastic bags, animals, and food. (2) There isn't much crap on the roads around here. Can't speak for Tennessee roads, but at the risk of bringing down the wrath of the asphalt and concrete gods it would surprise me if this type of event happens often. And so I bought more TSLA stock at $141 a share.

In the video Musk talks about supersonic vertical take off and landing electric airplanes, flying cars, adaptive cruise control, 787 vs 747, and the hyper loop among other things. Pretty cool stuff.

Okay, here's something that's bugging me: News articles are saying "There have been three fires in six weeks" or whatever. But that's kind of an arbitrary starting point. Why don't they say "three fires in a year", or however long the car's been out?

I see you're trying to apply "GoodReason" here. Best of luck with that.

For me the most valuble parts in a car are the occupants. If a car lets the occupants walk away after a crash is only what matters.

Well, in capitalism, news companies are just that. Companies. They don't report the news. They sell them and they need to manufacture them.
Just like a model S, a good "product" only sells if it attracts
interest. Headlines and sensationalism sell. If it didn't they
wouldn't manufacture it.

Most here buy it on some level or other also. Human nature...
Flawed and often unflattering but its the software we have
installed...

@ausdma - this is a great video. Thanks for sharing. I would recommend that you edit your original post to add the video link in there (so people don't have to scroll thru all the replies to find it).

The most important point is that the model s has weakness from road debris as compared with other cars, because the battery size of undercarriage is larger than other EVs or ICE fuel tank. we know that, but no one talk about the issue. Eventually undercarriage protection ability of modes s must be improved from road debris.

I'm a investor of Tesla. I don't worry about recall, but fourth fire scare me. Many investors are afraid of the fourth fire, because it will be huge catastrophe to Tesla. I think Elon is gambling now. I hope he changes his mind.

I like the way Elon put things into perspective, good video/interview.

Most media sensationalize this without providing proper context. Elon seems really clear that no one is taking the proper approach to reporting this with some perspective. However, I've read some excellent articles from Motor Authority which seem to put things into a broader perspective, worth checking out this writer:

http://www.motorauthority.com/news/1087408_surprise-cars-sometimes-catch...

http://www.motorauthority.com/news/1088270_third-tesla-model-s-fire-stil...

Ultimately, it will be interesting to see if the 3rd fire and eventually a 4th affects new orders.

I have the same concern as WayneH. I shopped around a while between P85 and Panamera GTS, and finally decided to buy P85 last week. But the 3rd fire made me change my mind. I don't want to spend $100K to buy a car knowing it come with fire risk though the probability is probably under 1%. You never know what will happen on the highway and dark roads at night. I'll wait for a few months, if no recall to reinforce the underbelly, I'll buy Panamera GTS instead.

@algo1250 - a Panamera just burned the other day... did you consider that?

@algo1250- The model S will be 10 times safer than the Panamera GTS!!! But if you can't understand or believe this, buy the Pamamera.

@Jamon - the website will not allow me to edit my original post saying it has already been edited by another user. Not sure what that's about. I'll just start a new thread.

2011 and 2012 Panamera recalled due to fire risk: http://www.burnetti.com/blog/view/porsche-recalls-cayenne-panamera-vehic...

Porsche Panamera recalled due to turbocharger fire risk: http://www.recalluk.com/recalls/cars/porsche-panamera-turbo-fire-recall-...

Safer? Yah right...

Panamera on fire (apparently just sitting in a parking lot?): http://www.youtube.com/watch?v=c1iMvtUNCZo

Porsche recalls Panameras for spontaneous fire risk
http://www.burnetti.com/blog/view/porsche-recalls-cayenne-panamera-vehic...

Panamera turbo failure engulfs engine in flames
http://www.thetruthaboutcars.com/2011/09/this-is-how-you-review-a-porsch...

Heck, they even sell a fire extinguisher and bracket specially for the Panamera.

If given a choice, I'd prefer to buy a car that requires a high-speed collision in order to catch fire.

... and gently tells you to pull over and exit the car in a safe manner. Oh, and have a nice day.


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