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Tesla's Curse Continues

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On: Fri, Nov 15, 2013 at 3:48PM | By: Karen Cook

Tesla's Curse Continues

Automakers want to be in the public eye. That’s why they spend so much money on advertising and product placement in television shows. There’s a saying that all publicity is good publicity but I think Tesla would disagree. They are in the news once again, this time for an industrial accident that occurred at their plant in Palo Alto, California.

Earlier this week there was a “failure” in a low-pressure casting press and three workers were injured by the hot metal, which leaked from the press. The burns were described as moderate to serious by the medics who were called to the scene on Wednesday afternoon. Unlike the recent “failures” with the Model S, there was no fire or explosion at the plant. The initial reports, which called the accident a “fire”, were found to be incorrect.

There is no word yet on the actual cause of the industrial accident. Tesla purchased the factory in 2010 and it is about 50 years old. Again, we don’t know if the age of the equipment was to blame.

Tesla is having a record year in disappointments. Shareholders were not happy with its earnings in the third quarter. Add to that the 3 recent car fires and now the 3 injuries and it’s not a mystery that stock prices are dropping.

As of this writing there is no recall on the horizon for the Model S and Tesla still stands by its statement that the Model S is one of the safest cars on the road. The National Highway Traffic Safety Administration has not issued a federal recall and it has not announced whether the accident at the factory will be the subject of any further review.

Tesla has released a statement saying the injured workers are currently receiving the “best possible care”. It wouldn’t hurt to reserve a ward for shareholders who don’t seem to be feeling all that well at the moment.


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