Investors in electric car company Tesla were hurt this week after a YouTube video which showed a Model S sedan on fire near Seattle after a crash went viral, causing a 6.24 percent share price drop.
Shares in Tesla Motors shed $12.05 to close at $180.95 for the stock's biggest one-day decline since July 16, according to the Associated Press.
The video, which was posted on YouTube, shows a Tesla Model S up in flames. It was first posted on car fan site Jalopnik which wrote that it came "from a reader" according to the site.
Tesla shares have increased by over 400 percent since the beginning of 2013, so the damage to the stock was minor, but the damage to the car is worrisome.
The incident occurred on Oct. 1 after 8 a.m. as the driver was driving southbound on state Route 167, said Trooper Chris Webb of the Washington State Patrol.
Webb said the driver claimed he struck some debris on the highway, which likely started the fire, but an officer who responded to the scene was unable to locate any objects on the roadway.
There were no injuries, and the vehicle was towed away, Webb said, according to the Associated Press.
Tesla issued a statement saying the fire was caused by "substantial damage" to the car when the driver hit a large metal object in the road.
"All indications are that the fire never entered the interior cabin of the car. It was extinguished on-site by the Fire Department," the statement said.
A Tesla spokeswoman told the Associated Press that the company doesn't comment on analyst research.
Related Articles:
Chrysler Recall: 142,000 Vehicles Called Back Over Instrument-Cluster Defects
Hilltown Accident: Driver Killed After Three-Vehicle Crash in PA, Two Others Injured
Government Shutdown Stops Car Recall Notices by NHTSA
Mercedes-Benz Sets New September Sales Record With 6.7 Percent Increase
See Now: OnePlus 6: How Different Will It Be From OnePlus 5?
