Buy Opportunity, Gave Preliminary Numbers Which Are Outstanding & Will Announce Mon. at 6:30 PM So Chance To get In Before Big Pop.
Here Is Article Explaining There Wasn't Even A Fire Until Firemen Punctured Holes
Published: Friday, 4 Oct 2013 | 7:45 PM ET CNBC
CNBC October 6, 2013
When the fire department arrived, they observed standard procedure, which was to gain access to the source of the fire by puncturing holes in the top of the battery's protective metal plate and applying water. For the Model S lithium-ion battery, it was correct to apply water (vs. dry chemical extinguisher), but not to puncture the metal firewall, as the newly created holes allowed the flames to then vent upwards into the front trunk section of the Model S. Nonetheless, a combination of water followed by dry chemical extinguisher quickly brought the fire to an end.
It is important to note that the fire in the battery was contained to a small section near the front by the internal firewalls built into the pack structure. At no point did fire enter the passenger compartment.
Had a conventional gasoline car encountered the same object on the highway, the result could have been far worse. A typical gasoline car only has a thin metal sheet protecting the underbody, leaving it vulnerable to destruction of the fuel supply lines or fuel tank, which causes a pool of gasoline to form and often burn the entire car to the ground. In contrast, the combustion energy of our battery pack is only about 10% of the energy contained in a gasoline tank and is divided into 16 modules with firewalls in between. As a consequence, the effective combustion potential is only about 1% that of the fuel in a comparable gasoline sedan.
common sense tells you both fires caused by large metal debris on road, if NHTSA found no fault with first one, not going to find fault with 2nd one. duhhh
Wall Street Journal
Tesla Beats Most Cars on Fire Safety
Do The DD NHTSA Had already cleared TSLA for Oct 1st.
NHTSA said on Oct. 24 that it found no evidence the Oct. 1 fire, which happened on the first day of a government shutdown, resulted from defects or violations of U.S. safety standards.
Fly On the Wall 12/3/13
December 3, 2013
08:37 EDT TSLA Jefferies views Tesla news on German conclusion as positive
Jefferies thinks last night's news that the German Federal Motor Transport Authority came to a favorable conclusion in its investigation of the recent Model S fires should bring confidence that the NHTSA investigation will result in a similar favorable outcome. Jefferies thinks negative news is priced into Tesla shares and keeps a Buy rating with $190 price target.
NHTSA Gives ModelS HIGHEST Safety Score. NHTSA NOT Going To Say Their Wrong. (( LINK ))
Tesla's Model S Gets Highest Safety Rating from NHTSA, Breaks Roof Testing Machine
Tiffany Kaiser - August 20, 2013 10:44 AM
Tesla received a combined rating of 5.4 stars
Tesla Motors recently received the highest safety rating ever from the National Highway Traffic Safety Administration (NHTSA).
NHTSA gave Tesla's Model S a five-star safety rating in each individual category and overall, achieving a combined rating of 5.4 stars. This is the highest rating ever given by the U.S. agency.
This is a big deal, considering NHTSA only gives about 1 percent of cars tested a five-star rating in every category.
It grabbed such a high rating for a few different reasons. For starters, the Model S doesn't have a large engine block, which means there's a longer crumple zone to "absorb" a high-speed crash. The motor is only about a foot in diameter and is near the rear axle while the front has a second trunk.
For the rear crash test, Tesla made sure to protect occupants in the third row of the vehicle with a double bumper that can take a highway speed impact. For those who are worried about battery fires, the Model S' battery was fine before, during and after testing
German Federal Motor Transport Authority (Kraftfahrt-Bundesamt) Concludes Review of Model S Incidents
Monday, December 2, 2013
PALO ALTO, Calif. – Tesla received a recent inquiry from the German Federal Motor Transport Authority, Kraftfahrt-Bundesamt (KBA), regarding the Model S post-crash fire incidents in Seattle, Tennessee and Mexico. The KBA is the German authority in charge of motor vehicle regulation. They have the power to initiate and perform investigations, and compel recalls. In response, Tesla provided the KBA with data and additional information regarding each of these incidents.
In investigating these incidents, the KBA reviewed Tesla’s responses to their inquiries, as well as other information. They subsequently issued the following statement:
According to the documents, no manufacturer-related defects [herstellerseitiger Mangel] could be found. Therefore, no further measures under the German Product Safety Act [Produktsicherheitsgesetz (ProdSG)] are deemed necessary.
The letter from the KBA is attached in German and English.
Link to German Product Safety Act Letter
Translation: Letter KBA dated 27 November 2013
GSK STOCKMANN + KOLLEGEN
Rechtsanwälte Steuerberater Herrn Dr. Marcel Vietor
Investigation under the German Product Safety Act [Produktsicherheitsgesetz (ProdSG)], Tesla Model S vehicle fires
Dear Dr. Vietor,
Referring to our phone call dated 27 November 2013, I am pleased to share with you the investigation’s result with regard to the 3 recent fire incidents involving Tesla Model S cars.
According to the documents, no manufacturer-related defects [herstellerseitiger Mangel] could be found.
Therefore, no further measures under the German Product Safety Act [Produktsicherheitsgesetz (ProdSG)] are deemed necessary.
The process is completed with the Federal Motor Transport Authority [Kraftfahrt-Bundesamt (KBA)].
Tesla's goal is to accelerate
Wall Street By: Tom Meyer
During the last quarter, the Baker Brothers added another 2.757 million shares of XOMA to their portfolio. The fund now holds an impressive 23 million shares in the company which based upon today’s share price makes that position worth $103 million dollars. The share count also means that the Baker Brothers have a33 percent ownership interest in XOMA. That is quite the vote of confidence and should give new shareholders a lot of hope regarding the company’s future.