StockWatchIndex on TESLA

Los Angeles, California, December 2, 2013. StockWatchIndex announced today that the German Authorities (Kraftfahrzeug Bundesamt) have concluded their investigation into Tesla’s Model S incindents.

Tesla received a recent inquiry from the German Federal Motor Transport Authority, Kraftfahrt-Bundesamt (KBA), regarding the Model S post-crash fire incidents in Seattle, Tennessee and Mexico. The KBA is the German authority in charge of motor vehicle regulation. They have the power to initiate and perform investigations, and compel recalls. In response, Tesla provided the KBA with data and additional information regarding each of these incidents.
In investigating these incidents, the KBA reviewed Tesla’s responses to their inquiries, as well as other information. They subsequently issued the following statement:
According to the documents, no manufacturer-related defects [herstellerseitiger Mangel] could be found. Therefore, no further measures under the German Product Safety Act [Produktsicherheitsgesetz (ProdSG)] are deemed necessary. The letter from the KBA is attached in German and English. Translation: Letter KBA dated 27 November 2013
GSK STOCKMANN + KOLLEGEN Rechtsanwälte Steuerberater Herrn Dr. Marcel Vietor Karl-Scharnagl-Ring 8 80539 München Investigation under the German Product Safety Act [Produktsicherheitsgesetz (ProdSG)], Tesla Model S vehicle fires Dear Dr. Vietor, Referring to our phone call dated 27 November 2013, I am pleased to share with you the investigation’s result with regard to the 3 recent fire incidents involving Tesla Model S cars. According to the documents, no manufacturer-related defects [herstellerseitiger Mangel] could be found. Therefore, no further measures under the German Product Safety Act [Produktsicherheitsgesetz (ProdSG)] are deemed necessary. The process is completed with the Federal Motor Transport Authority [Kraftfahrt-Bundesamt (KBA)]. Sincerely yours, On behalf, [Signed]

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