Action starts after the 1 min mark

SHANGHAI (Reuters) - Video of a parked Tesla Inc Model S exploding and a Wall Street downgrade of the electric carmaker’s stock pushed shares down 4 percent on Monday, as it prepared to issue results for a troubled first quarter.

The video, time stamped Sunday evening and widely shared on China’s Twitter-like Weibo, shows the parked vehicle emitting smoke and bursting into flames seconds later.






A video purportedly of the aftermath showed a line of three cars completely destroyed.
Reuters was not immediately able to verify the origins of the video, which Weibo users said was taken in Shanghai.


There have been at least 14 instances of Tesla cars catching fire since 2013, with the majority occurring after a crash.

Reuters


Early days yet as nothing is proven, but it comes on Telsa'a Investor Day in the USA