Tesla Motors shares dropped four percent on Oct. 28 after reports that a second Model S electric car caught fire after a crash in Mexico.
On Oct. 17 in Merida, Mexico, a Model S drove into a roundabout, crashed through a concrete wall and hit a tree, according to Jalopnik, which cited the Mexican newspaper Progreso Hoy. The driver fled the scene before the car caught fire.
Tesla has released a statement regarding the incident, saying that the Model S protected the driver despite the high-speed crash.
"He is appreciative of the safety and performance of the car and has asked if we can expedite delivery of his next Model S," a Tesla spokeswoman said, according to the Associated Press.
The crash marked the second time this month alone that a Model S, Tesla's only vehicle available currently was involved in a fiery collision.
Back on Oct. 2, a Model S burned after hitting road debris in Washington.
Tesla CEO Elon Musk said in a statement the first fire started when a metal object punched a hole through the armored plate that protects the battery. The driver was able to get out of the vehicle before the fire started and even said he would purchase another Model S despite the fire.
The National Highway Traffic Safety Administration said earlier this month that it won't investigate the Oct. 2 incident because there "is no indication that it was caused by a safety defect or that the Model S is violating federal safety standards," according to AP.
The NHTSA doesn't investigate accidents outside the U.S.
Tesla shares closed at $162.86 on Oct. 28. They have fallen 16 percent since the Oct. 2 crash overall, according to AP.
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