Electric vehicles have been on the rise recently, however there is fear that after a recent Tesla fire that those numbers may dwindle. In Kent, Seattle a Model S sedan’s lithium- ion battery went ablaze after a 3-inch hole was punched in the metal plating.  A worry is that not only will this event scare off Telsa buyers, but electric car buyers all together.

Since the beginning of the year Tesla stocks have surged to exceed expectations. Drawing in almost all customers interested in green technology. For this reason I don’t believe the event will have too harsh of an impact on Tesla’s stocks. With the increased interest in green technologies rising, along with the current rate of increase of Tesla’s stocks, I don’t see the fire as having a big effect. Even if so I don’t see it drastically affecting the electric car industry as a whole. As well, the vehicle in the midst of the accident managed to safely direct the driver off the road and out of the vehicle. While Tesla is greatly against situations like this happening, and stress how uncommon they are, it’s an added relief knowing that if an event like this does occur the cars are prepared. The “green” car market shouldn’t fear a overwhelming backlash due to this incident.

http://www.economist.com/blogs/schumpeter/2013/10/tesla-motors

http://jacobfoxx.com/2013/08/23/tesla-model-s-glimpse-future/