Tesla Motors CEO Elon Musk says the company "definitely" won't recall its Model S electric car despite three vehicle fires in the past six weeks.
"The headlines are extremely misleading. If fire risk is your concern, you would have a great deal of difficulty being in any better car than the Model S," said Musk.
There is one fire for every 1300 petrol-powered cars on US roads, and for the Model S it's closer to one in 8000, according to Musk. He underscored that none of the drivers in the three cases was injured.
"There's definitely not going to be a recall. There's no reason for a recall, I believe," he said.
Rumours of a possible recall sent Tesla shares down 5 per cent on Wednesday to close at US$137.80. They rose 2 per cent in after-hours trading after Musk spoke.