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Tesla : Swiss prosecutors investigate fatal Tesla crash

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05/16/2018 | 06:00pm CEST
An electric-powered Tesla car burns after a crash on the Swiss A2 motorway on Monte Ceneri near Bellinzona

ZURICH (Reuters) - Swiss prosecutors have begun looking into the circumstances of a fatal crash of a Tesla electric car last week that firefighters think may have set off a fire in the vehicle's battery.

A spokesman for prosecutors in the southern canton of Ticino said authorities were examining what led to the accident. It was too early to discuss the cause at this stage, he added.

"So far the only thing for sure is that there was an accident with a Tesla," he said, declining to say when results of the investigation are expected.

Tesla said it was also looking into the incident.

"We are deeply saddened by this accident and we are working to establish the facts of the incident and offer our full cooperation to local authorities," a company spokesman said.

"Tesla has not yet received any data from the car and thus does not know the facts of what occurred, although it appeared to be a high-speed collision."

A 48-year-German driver died when his car hit the barrier on the central reservation of a motorway in Ticino, rolled over and burst into flames. [

The crash on Thursday was one of several accidents to affect Tesla vehicles in recent days.

On Friday a Tesla Model S crashed at speed into a truck in South Jordan, Utah.

The U.S. National Highway Traffic Safety Administration (NHTSA) is also reviewing a Florida crash of a Tesla vehicle last week, resulting in the death of two teenagers.

(Reporting by Rupert Pretterklieber; Writing by Michael Shields; Editing by David Goodman)

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Financials ($)
Sales 2018 20 350 M
EBIT 2018 -494 M
Net income 2018 -1 510 M
Debt 2018 8 546 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 2,98x
EV / Sales 2019 2,20x
Capitalization 52 116 M
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Mean consensus HOLD
Number of Analysts 24
Average target price 326 $
Spread / Average Target 6,9%
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Managers
NameTitle
Elon Reeve Musk Chairman & Chief Executive Officer
Deepak Ahuja Chief Financial Officer
Jeffrey B. Straubel Chief Technology Officer
Gary Clark Chief Information Officer
Kimbal Musk Director
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