Tesla Model 3 Allegedly Explodes in China. Why the Stock Is Steady.


Source: barrons.com

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Tesla Model 3 cars are displayed in Shanghai. STR / AFP via Getty Images Chinese media is reporting that a Tesla Model 3 exploded in a Shanghai garage, causing a fire. The stock so far isn’t reacting much. Tesla didn’t immediately respond to a request for comment. Shares are down about 0.9% in early Thursday trading. The S&P 500 and Dow Jones Industrial Average , for comparison, are both up about 0.2%. According to other media reports, Tesla provided a statement to local officials, saying a damaged battery was likely responsible. Any such statement doesn’t appear to be available on...