Latest Tesla Model S Fire Has Virtually No Impact on Soaring Stock Price
In the past, widespread media coverage of a Tesla Model S fire almost immediately led to TSLA stock prices sliding downwards.
That’s not the case this time around.
Tesla seems to be on too much of a roll for one garage fire to impact stock prices.
If you look upon the graphic above, you’ll see that on February 13 (the day news broke of the Model S fire in Toronto), TSLA stock prices slipped by a hair.
Immediately following the slippage, stock prices rose back up.
What this seems to indicate to us is that Tesla is now past the point in which one minor incident has a lasting impact on the automaker as a whole.
If true, then Tesla is established now, meaning that it’ll take a major event to bring down America’s most recent startup automaker.
And if true, then we’re certain that the execs at Tesla are breathing a sigh of relief, as the automaker has now gotten over one more hurdle that stood in its way.