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A Formal Investigation of Tesla Motors

From the Motley Fool's brand new studio in New York, this very special Investor Beat features host Chris Hill and Motley Fool co-founder and CEO Tom Gardner, as they discuss three major headline stocks making moves today.

Shares of Tesla Motors (NASDAQ: TSLA  ) continue to fall, down 4% this morning on news that the National Highway Traffic Safety Administration will take a formal look into reported incidents of fires in Tesla's Model S electric car. Shares have pulled back nearly 40% in recent weeks from its all-time high. Should investors be worried? In this segment, Chris and Tom discuss the number of fires that have occurred with the Model S when compared to standard gasoline-powered vehicles, and note that the farther this stock price falls, the more attractive it may start to become for long-term investors looking to pick up shares on the cheap.

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Comments from our Foolish Readers

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  • Report this Comment On November 20, 2013, at 9:07 PM, plange01 wrote:

    tesla themselves requested the inspection to show their is noting wrong with their cars and for musk to do one of his favorite things..WIPE OUT SHORT SELLERS!

  • Report this Comment On November 20, 2013, at 9:19 PM, constructive wrote:

    The fires aren't important. The inability of the business to justify the stock price is important.

  • Report this Comment On November 20, 2013, at 9:32 PM, SteveTG3 wrote:

    Tom, I know you were kidding around about wanting these stories to keep swirling around, but there's something larger going on here, the normalization of "anything goes "journalism" ".

    Your the same age as myself. When we grew up, Forbes, the Wall Street Journal, Barrons, these names meant something.

    Please read this piece from Barrons today,

    If I were Elon Musk, the pace and duration of biting, disingenuous attacks would have me longing for the day I leave Tesla and spend all my time at SpaceX.

    Do we want to see a burnt out Elon Musk running these companies and exiting Tesla at his soonest opportunity? Do we want to passively watch journalism turn into whatever this is that's all over the internet?

    Tom, unlike most journalists, you have no one you have to answer to professionally. You can frankly speak your mind, whose going to fire you? In this little piece, it's clear you agree with Musk that recent coverage is warped.

    It has real consequences.

    Please seriously consider addressing this. If you want some inspiration, consider what this salaried reporter posted on youtube. Notice the reception it's received (155 thumbs up, 1 thumbs down as I write)... people are hungering for some response here, but most of us do not have the platform you do to be heard.

  • Report this Comment On November 20, 2013, at 10:12 PM, Decoy0527 wrote:

    Tesla no more requested the NHTSB investigation than I requested my last IRS audit. Get this straight: NHTSB told Tesla they were going to investigate, and then that lying Musk tells the news media that he requested the investigation. How stupid are you Tom??

  • Report this Comment On November 21, 2013, at 5:02 PM, Jason87467 wrote:

    Elon Musk is a big will say anything to make his company look good. I do not trust that man.

  • Report this Comment On November 21, 2013, at 5:25 PM, TomIncorporated wrote:

    @Trek 1200 & Jason87467

    Give it a rest. With quotes like "that lying Musk" and "I do not trust that man" – you two should be embarrassed of yourselves. Look at what he's doing for space travel, the auto industry, the energy industry, and just generally how he's desperately trying to improve ALL our lives by introducing the advances in technology that we badly needed. Come back when you've opened your eyes. Or would you rather we trundled along as we were for another decade?

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