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Tesla: Here Is What Really Happened

|Includes:Tesla Motors (TSLA)

Tesla Motors (NASDAQ:TSLA) rallied yesterday.(click to enlarge)Click to enlargeMuch attention was given to the German clearance of the Tesla fire turmoil. Here is an excerpt from Streetinsider:

"In investigating these incidents, the KBA reviewed Tesla's responses to their inquiries, as well as other information. They subsequently issued the following statement:

According to the documents, no manufacturer-related defects [herstellerseitiger Mangel] could be found. Therefore, no further measures under the German Product Safety Act [Produktsicherheitsgesetz (ProdSG)] are deemed necessary. " Actually, we think the accident which killed Paul Walker, 40, on Saturday afternoon is what reminded investors that petrol based "ice" cars are capable of catching fire as well. Here is an excerpt from NYDAILYNEWS:

Actor Paul Walker - a self-styled adrenaline junkie best known for his role in "The Fast and the Furious" movies - was killed Saturday in a fiery single-car wreck in Southern California.

The 40-year-old Walker was riding in a red Porsche GT about 3:30 p.m. when the sports car flew off the road and slammed into a tree in Santa Clarita, authorities and witnesses said. The car burst into flames.

Stocks: TSLA