Going Green is not going well for the Electric Car Company Tesla. Last week we reportedof its latest car fire and now we have this:The National Highway Traffic Safety Administration said Tuesday it is opening a formal investigation into 13,100 Tesla Motors Model S electric vehicles for battery fires — one month after it declined to do so.It comes as the Palo Alto, Calif., start-up said it would extend warranty coverage to fire claims and is making changes to make the vehicles less suspectible to striking roadway debris.NHTSA Administrator David Strickland told a congressional committee that the agency had seen some issues it wanted to investigate…The auto safety agency in October said it would not open a formal investigation after a fire in Kent, Wash., occurred when debris struck the underside of a Model S sparking a battery fire. After a fire in Mexico and a fire earlier this month near Smyrna, Tenn., the agency said Tuesday it had decided to open a preliminary investigation. Strickland said it made the initial decision believing the first fire was an isolated incident.
Meanwhile, the Tesla stock (TSLA) lost more than 25% of its value over the last four weeks!
