U.S. safety regulators close investigation into Tesla fires
(Reuters) - U.S. safety regulators on Friday said they had closed an investigation into several fires in Tesla Model S electric sports cars after determining the incidents were not likely to become a trend, which sent the company's shares up as much as 4.5 percent.
The National Highway Traffic Safety Administration closed the probe without asking Tesla for a recall after it the company raised the sedan's ground clearance and added protective plates for the lithium ion battery pack that powers the car.
NHTSA opened an investigation four months ago after two cars in the United States and one in Mexico caught fire. NHTSA does not have jurisdiction in Mexico.
The two U.S. fires started after drivers ran over debris in the road, damaging the battery pack placed under the car between the front and back seats.
In addition to raising ground clearance at highway speeds and adding two protective plates, Tesla took steps to prevent overheating of its charging systems, including giving customers upgraded wall adapters and providing charging software upgrades.
"Tesla's revision of vehicle ride height and addition of increased underbody protection should reduce both the frequency of underbody strikes and the resultant fire risk," the NHTSA said on its website. (r.reuters.com/tyn97v)
An analyst with industry research firm Kelley Blue Book agreed with NHTSA's assessment.
"Given that no punctures have been reported over the past four months, even without the added protection, this fix should eliminate the potential of a battery pack fire under all but the most extreme circumstances," said Karl Brauer of KBB.
NHTSA said that while it was closing the investigation, it did not rule out the existence of a defect and "reserves the right to take further action if warranted by new circumstances." Continued...