• About Us
  • Privacy Policy
  • Contact Us
Subscribe
BitcoinCryptos - News About Bitcoin & Cryptos
  • Home
  • Bitcoin
  • Ethereum
  • Dogecoin
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Dogecoin
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
No Result
View All Result
BitcoinCryptos
No Result
View All Result
Home Cryptocurrency

TSLA Stock Down 0.16%, Brand New Tesla Model S Plaid Caught on Fire in Strange Circumstances

July 1, 2021
in Cryptocurrency
0
TSLA Stock Down 0.16%, Brand New Tesla Model S Plaid Caught on Fire in Strange Circumstances
Share on FacebookShare on Twitter


The Tesla car caught on fire came just days before the Palo Alto, California-based company is billed to release key numbers for its car deliveries.

The shares of American electric vehicle and clean energy company Tesla Inc (NASDAQ: TSLA) are down today after reports that a new Model S Plaid was caught on fire under strange circumstances. As reported by electrek, the incident happened in a suburb of Philadelphia on Tuesday, drawing the attention of The Gladwyne fire department who participated in efforts to kill the fire.

Car fires from an electric vehicle are not so common compared to gasoline cars, making the Tesla fire incident more of a surprise. According to the report released by the fire department, the efforts to kill the fire posed a challenge as dual engines supplied water for up to 90 minutes before cooling the engines down.

While there seems to be an ongoing investigation as to the cause of the fire, the incident might have weighed in on the shares of the Elon Musk-led company. The shares plunged down 0.16% on Wednesday when the news broke to close at $679.70 per share. The findings of the investigation, if made public will likely take a toll on the future trend of the stock. Earlier before now, Musk had commented on the fact that the company delayed the delivery of the Model S Plaid in order to make its new battery pack, derived from new technology, to be very safe.

Tesla Model S Plaid Caught on Fire as Key Delivery Reports are Underway

The Tesla car caught on fire came just days before the Palo Alto, California-based company is billed to release key numbers for its car deliveries. While the incident is not going to affect the figures for the second-quarter reports, if not addressed properly, may impact this new quarter.

According to FactSet, Wall Street analysts are projecting a total delivery of 196,700 vehicles, a 6.4% increase from the last quarter and over twice the year-ago figure of 90,900. Last year, the Fremont, California, plant was closed for much of the quarter due to the COVID-19 lockdowns. Per the projections, FactSet estimates that Tesla will deliver 193,500 Model 3/Y cars and 3,200 Model S/X vehicles.

Besides the general consensus estimate by the Wall Street, RBC Capital analysts led by Joseph Spak foresees a delivery number of 195,000 per a June 28 report. The analysts believe the industry stakeholders will want to see how Tesla performs amid the broader semiconductor shortage.

“Eyes will be on Tesla’s production too, which we believe will fall below 2Q21 deliveries owing to global semi shortage, so Tesla likely drew down on some inventory this quarter,” Spak wrote. Spak noted that the demand for Tesla products increased sequentially in the past quarters, however, challenges associated with recalls, tension with Chinese regulations, and now, the new fire incident is likely to weigh in on performance as it “could negatively impact perception.”

next Business News, Market News, News, Stocks, Technology News

Benjamin Godfrey

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Thank you!

You have successfully joined our subscriber list.



Source link

Related articles

Cardano Launches Blockchain Accounting Tool: Will ADA Falling Wedge Trigger 120% Price Rally?

Cardano Launches Blockchain Accounting Tool: Will ADA Falling Wedge Trigger 120% Price Rally?

July 9, 2025
XRP Price Breaks $2.30 as ProShares ETF Listing Boosts Market Sentiment

XRP Price Breaks $2.30 as ProShares ETF Listing Boosts Market Sentiment

July 8, 2025
Tags: BrandCaughtCircumstancesFireModelPlaidStockStrangeTeslaTSLA
Share76Tweet47

Related Posts

Cardano Launches Blockchain Accounting Tool: Will ADA Falling Wedge Trigger 120% Price Rally?

Cardano Launches Blockchain Accounting Tool: Will ADA Falling Wedge Trigger 120% Price Rally?

July 9, 2025
0

Key NotesReeve targets NGOs and ESG enterprises under regulatory pressure to modernize their financial reporting systems.ADA price forms falling wedge...

XRP Price Breaks $2.30 as ProShares ETF Listing Boosts Market Sentiment

XRP Price Breaks $2.30 as ProShares ETF Listing Boosts Market Sentiment

July 8, 2025
0

Key NotesProShares targets July 14 launch for leveraged XRP futures ETFs after receiving DTCC operational clearance for trading.Technical analysis reveals...

Trump’s Truth Social Files for Crypto Blue Chip ETF Featuring BTC, ETH, XRP, SOL, CRO

Trump’s Truth Social Files for Crypto Blue Chip ETF Featuring BTC, ETH, XRP, SOL, CRO

July 8, 2025
0

Key NotesTruth Social's crypto ETF will allocate 70% to Bitcoin, 15% to Ethereum, and smaller portions to XRP, Solana, and...

Bitcoin Buys: DigitalX, The Blockchain Group Spend Millions

Bitcoin Buys: DigitalX, The Blockchain Group Spend Millions

July 8, 2025
0

Key NotesDigitalX raised $13.5 million to expand its Bitcoin treasury and formed a strategic advisory board with Web3 leaders.Animoca Brands...

Bitcoin Backer Remixpoint to Pay CEO in BTC, Here’s Why

Bitcoin Backer Remixpoint to Pay CEO in BTC, Here’s Why

July 8, 2025
0

Key NotesRemixpoint announced on Tuesday that it will now pay Yoshihiko Takahashi, its CEO and President, in Bitcoin.The firm believes...

Load More

Leave a Reply

Your email address will not be published. Required fields are marked *

ChatGPT Revisits Whether Ripple (XRP) Can Overtake Ethereum (ETH)

We Asked 4 AIs If XRP Will Hit $10 Before ETH Taps $10K: You Won’t Believe the Split

July 9, 2025
0

TL;DR Four of the most utilized AI chatbots speculate on which one of the two largest altcoins will be the...

Bitcoin Takes Aim At New Highs Despite Bearish Factors

Bitcoin bulls “are hesitant or unable to push prices significantly higher without fresh catalysts or clearer macro signals,” Bitfinex analysts say.

July 9, 2025
0

Traders are cautious about buying Bitcoin at its current level, as the cryptocurrency is struggling to find the strength to...

Ethereum Foundation Launches Open Intents Framework to Boost Cross-Chain Interoperability

Ethereum Is Becoming What Treasuries Are to Traditional Finance: Research

July 9, 2025
0

“Stablecoins are spreading the dollar faster than any financial tech in history,” said Electric Capital General Partner Maria Shen on...

North Korean crypto attacks rising in sophistication, actors — Paradigm

US Sanctions North Korea IT Worker Crypto Fraud Ring

July 9, 2025
0

The US Treasury has sanctioned two people and four entities involved in what it says was a North Korea-run IT...

Metaplanet Moves On Digital Bank Acquisition As It Scales Bitcoin Strategy

Metaplanet Moves On Digital Bank Acquisition As It Scales Bitcoin Strategy

July 9, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Tokyo-listed Metaplanet has quietly become one of...

We have all the news related to the crypto market and we make sure to bring and publish all the updates as fast as we can.

Categories

  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market
  • Regulation

Archives

  • 2025
  • 2024
  • 2023
  • 2022
  • 2021

Newsletter

    • About Us
    • Privacy Policy
    • Contact Us

    © 2021 bitcoincryptos.com

    Please enter CoinGecko Free Api Key to get this plugin works.
    No Result
    View All Result
    • Home
    • Bitcoin
    • Ethereum
    • Dogecoin
    • Litecoin
    • Cryptocurrency
    • Blockchain
    • Regulation
    • Market
    • Prices

    © 2018 JNews by Jegtheme.