TSLA Stock Only Slightly Affected by Toronto Tesla Model S Fire

TSLA Stock Only Slightly Affected by Toronto Tesla Model S Fire

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.