$TSLA: Fire Update

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As I said last night, I think this will be a short-term headwind and once resolved the stock will resume its uptrend. Today, all major news outlets are following in our footsteps as we were actually the first on the $TSLA fire story, beating out all other news outlets as well as Twitter and Stocktwits.

From Reuters: Telsa Motors, Inc. (TSLA) confirmed a third fire occurring in one of its Model S electric cars in the past six weeks. The electric-car maker said the fire was the result of an accident and took place in Smyrna, Tennessee, on Wednesday afternoon. The driver wasn't injured. "Our team is on its way to Tennessee to learn more about what happened in the accident," Tesla spokeswoman Elizabeth Jarvis-Shean said in a statement, according to Reuters. "We will provide more information when we're able to do so."

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http://www.optionmillionaires.com/tsla-another-car-fire/

NEW YORK (MarketWatch) - Telsa Motors, Inc. (TSLA) confirmed a third fire in one of its Model S electric cars in the past six weeks, Reuters reported. The electric-car maker said the fire was the result of an accident and took place in Smyrna, Tenn. on Wednesday afternoon. The driver wasn't injured. "Our team is on its way to Tennessee to learn more about what happened in the accident," Tesla spokeswoman Elizabeth Jarvis-Shean said in a statement, according to Reuters. "We will provide more information when we're able to do so."

Tesla fans are discussing the fire in online forums. The company's shares fell 4.7 percent in early trading.

Profile photo of uranium-pinto-beansKnown to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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