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<\/p>\nAfter a series of Tesla model s cars caught on fire, Tesla faces the possibility of having the model s recalled. This resulted in a 29% drop in stock prices for Tesla Moters. The threat of having a car recalled is a huge deal to car manufacturers. When consumers are looking to purchase a new car, they are aware of the dangers that come with it and expect a car that will keep them safe. In the past, companies like Toyota and Audi received awful press from incidents similar to this. Consumers take news like this very seriously.<\/p>\n
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However, the worst part about this mess is that Tesla Moters was one of the first companies to jump into the luxurious, but sustainable, car industry. They took a risk producing this car and it paid off. However, now that a couple of cars caught on fire, it is possible that the brand image of Tesla will be forever tainted. Hopefully a company who tries to innovate to benefit the world, while providing a competitive and high quality good, won’t suffer due to a news story that was blown out of proportion.<\/p>\n
Main Article:<\/p>\n
Plungis, Jeff. “Government Not Musk Will Have Final Word on Tesla Recall.”Bloomberg.com<\/i>. Bloomberg, 13 Nov. 2013. Web. 17 Nov. 2013. <http:\/\/www.bloomberg.com\/news\/2013-11-13\/government-not-musk-will-have-final-word-on-tesla-recall.html>.<\/p>\n
Image:<\/p>\n
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