Tesla CEO Elon Musk said there "definitely" won't be a recall of the Model S, quashing rumors in the wake of three battery fires during the past five weeks that have put some pressure on Tesla's lofty stock price.
"There's no reason for a recall," the outspoken CEO said in defense of the electric cars during a conference Tuesday hosted by The New York Times Dealbook blog. "If you read the headlines, it sounds like Teslas have a greater propensity to catch fires than other cars. In reality, nothing could be further from the truth."
Musk noted that the Tesla Model S is five times less likely to catch fire than average gasoline cars.
"We have never had a serious injury or death in any of our cars. Maybe there is a car as safe as the Model S, but there is certainly not a car that is safer," Musk said.