(KCEN) - Tesla CEO Elon Musk took to his blog this week to defuse a fiery situation about shocking online images from an accident involving its Model S car.
He said a metal piece from a tractor trailer caused a fire as it went under the car and that the cause of the fire is not a problem with the car's design.
Musk also tried to reassure his readers saying, "There should be absolutely zero doubt that it is safer to power a car with a battery than a large tank of highly flammable liquid."
The stock dropped more than 10% from the news, but is up 434% so far this year.
Elon Musk is also the CEO of SpaceX which has a testing facility in McGregor.