"For consumers concerned about fire risk, there should be absolutely zero doubt that it is safer to power a car with a battery than a large tank of highly flammable liquid," says Elon Musk, responding to the battery fire in the Model S earlier this week. "The combustion energy of our battery pack is only about 10% of the energy contained in a gasoline tank and is divided into 16 modules with firewalls in between. As a consequence, the effective combustion potential is only about 1% that of the fuel in a comparable gasoline sedan."
Into the close, Tesla (TSLA +4.3%) is adding slightly to a big session gain.
From the owner of damaged Tesla: "The car performed very well under such an extreme test ... I am also an investor and have to say that the response I am observing is really supportive of the future for electric vehicles."