Tesla Motors Shares Slide on Fire Risk Concern
Amid worries that all Tesla models are susceptible to fires, traders and speculators have caused the company's shares to slide the past few days.
Traded under the symbol TSLA, the electric car company's stocks have fallen for the second day straight.
In thursday's trading, Tesla was down 4.2 percent to $173.31, following Wednesday's drop of 6.2 percent.
On the downside, stocks have basically lost $20, from $193 to $173. But you've got to remember there's a lot of positive momentum built into the price. 1 year returns are still at over 400% on the investment, while market valuation is $21 billion. That's about a third of what GM is currently worth.
Editor's note: If a large piece of metal destroys your Tesla's battery, you might have a fire. If you destroy your gas tank in a crash, you're certain to have a fire. This is just the stock market acting up, not the end of Tesla Motors.