Elon Musk Explains Why Model S Caught on Fire

Tesla Motors Inc. CEO Elon Musk offered a detailed explanation Friday afternoon of why a Model S caught on fire this week and tried to squelch safety concerns that weighed on the stock price.

“For consumers concerned about fire risk, 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,” Mr. Musk wrote in a blog post on the company’s Web site.

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