“If you think about what you’d rather be close to, 10 gallons of gasoline or a battery pack, I’d pick the battery pack every day,” said Giorgio Rizzoni, director of the Center for Automotive Research at Ohio State University, where he is a professor of mechanical and electrical engineering.
Still, an Internet video of the Tesla fire spooked investors and caused a sell-off Wednesday and Thursday. Tesla shares fell 6 percent Wednesday, and they closed Thursday down $7.64, or 4.2 percent, at $173.31.
At that price, Tesla’s market value has dropped about $2.4 billion in the past two days. Still, if an investor purchased a share of Tesla at $35 on Jan. 2, they’re sitting on a gain of nearly 400 percent.
Tesla has dazzled Wall Street by selling more vehicles than expected and posting its first quarterly net profit earlier this year.
Deutsche Bank analyst Dan Galves, in a note to investors Thursday, said he expects bad news and investor concern to push down Tesla shares in the short-term.