Tesla Gets Singed 🔥

Tesla Gets Singed

Tesla has been forced to update its battery software after a second Model S reportedly caught fire in Hong Kong after being parked for 30 minutes. What’s going on here Mr Musk?

This second Model S to catch fire comes just three weeks after Tesla sent a team to investigate a viral video of one of its cars exploding in Shanghai’s commercial hub. Strangely enough, only a few battery modules were affected in the second fire with the majority of the battery pack remaining undamaged… But not so much in the first explosion.

While Tesla’s investigation of the two incidents is still ongoing, it has announced the rollout of an over the air software update to hopefully fix the issue. This included a revision of its charge and thermal management settings to stop excessive overheating. 

Tesla’s share price has also been roasted in the markets as investors have fallen out of love with the overvalued and heavily indebted company. It is trading roughly 37% below its 52-week high in a seemingly never-ending downtrend thanks to a slew of bad reports, tough global conditions and a never-ending battle to reach profitability.

C’mon Mr Musk, it’s time for a turnaround!

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