Market Overview

Industrial Accident At Tesla Plant, Not Fire, Injures Three

Three workers were reportedly injured after an industrial accident occurred at Tesla's (NASDAQ: TSLA) factory in Fremont, California.

The Fremont Fire Department told Benzinga that Public Information Officer Dan Cardenas is currently meeting with Tesla management to discuss the accident, which was initially thought to be a fire.

Brian Dinsmore, the news manager for KPIX-5, tweeted several messages on the matter, including one involving those who were injured:

According to NBC Bay Area, the facility is at 45500 Fremont Boulevard and can be easily seen from Interstate 880. However, no smoke could be seen outside of the building.

While news of the accident broke before the market close, Tesla still closed up 0.69 percent. The stock is currently up less than one percent in after hours trading.

Related: Elon Musk Wants Tesla Electric Truck to Compete with Ford F150

While factory accidents are not uncommon, Tesla is being watched carefully by investors after three of its vehicles caught fire this fall. Elon Musk, the company's founder and CEO, has repeatedly dismissed the notion that these fires are a sign that the Model S will need to be recalled.

Brent Slava contributed to this report.

Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.

Louis Bedigian is the Senior Tech Analyst and Features Writer of Benzinga. You can reach him at louis(at)benzingapro(dot)com. Follow him @LouisBedigianBZ

Posted-In: Brian Dinsmore Dan Cardenas Elon Musk Fremont Fire Department Model S NBC Bay AreaNews Tech Best of Benzinga

 

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