A Tesla Model S electric car caught fire after hitting road debris on a Tennessee freeway, the third fire in a Model S in five weeks.
The blaze last week near Smyrna, Tennessee, engulfed the front of the car. A spokeswoman for the Tennessee Highway Patrol says the Model S ran over a tow hitch, which hit the undercarriage of the car, causing an electrical fire.
In early October, a Model S driver near Seattle hit debris that pierced a shield and the battery pack, causing a fire. In the other fire, a driver in Mexico crashed into a concrete wall and a tree at a high speed.
Shares of the carmaker, based in Palo Alto, California, fell 7.5 per cent to US$139.77 on the news. That was on top of a plunge of 14.5 per cent the previous day, after concerns about a battery shortage, as well as the costs Tesla will incur as it builds more cars, spooked some investors. The shares are still up 312 per cent this year.
The Model S has a large battery pack under the passenger compartment, protected by a 6.3mm-thick metal shield. Experts say that if debris punctures the shield and damages the battery, it can cause shorts and arcing that can touch off fires.