Tomahawk, WI 04/05/2014 (Basicsmedia) – Tesla Motors Inc. (NASDAQ:TSLA) will undertake the responsibility to retrofit around 16,000 Model S sports sedans, with high strength shields mainly to reduce risks of fire arising out of a crash.

The retrofit

Tesla Motors Inc. (NASDAQ:TSLA)’s CEO, Elon Musk, talked about the outline of the retrofit last week. At the same time, the National Highway Traffic Safety Administration (NHSTA) announced that it has signed off the changes being implemented and would close the probe involving two fire incidents that took place involving these sedans.

The NHSTA said that it had not discovered any defect trend in the Model S that could term it as a recall. It just mentioned that on receiving a notification from Tesla, customers should get their vehicles serviced.

Tesla stated that the retrofits were voluntary and that it had fought regulators over the use of the word “recall”. This especially because they did not want to be associated with the present conditions of other giant auto companies, Toyota Motor Corp. and General Motors Co.

The accidents

The step was taken by Tesla Motors Inc. (NASDAQ:TSLA) after two cars caught fires after road debris penetrated the underlying battery pack that power the Model S.

Musk pointed out that these fires had happened under unusual circumstances. One of the fires took place after a trailer hitch ball got into the battery pack. In another accident, the actual road debris was unidentified and that penetrated the battery pack. Objects that struck these vehicles penetrated the aluminum part in the forward area, thereby damaging the lithium ion cells. Smoke appeared almost shortly and then resulted into a fire. There were no reported injuries but the vehicles were completely destroyed.

The CEO also said that the new triple underbody protective shields were very well tested, and that they would counter future accidents like the ones that occurred. He also maintained that Tesla would provide the new changes free of any charge during the normal routine service or when a customer makes a request for one.

Tesla Motors Inc. (NASDAQ:TSLA) will install a hollow aluminum bar that will deflect objects or absorb the impact and force from the debris. They will also add a titanium plate to protect the underbody components and a further third layer, to absorb impact energy.

This move will give the Model S owners a complete peace of mind.

DISCLAIMER: This content is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.