NEW YORK (TheStreet) -- Shares of Tesla Motors (TSLA) - Get Report were increasing in mid-afternoon trading despite one of the electric car maker's Model S vehicles bursting into flames during a test drive in France on Monday.
The vehicle made a loud noise and displayed an alert on the dashboard telling the passengers there was a charging issue, Business Insider reports. A Tesla employee then told the driver to pull over and had all passengers exit the car.
A Reddit user posted a picture of a Tesla car on fire this morning. The user said the passengers had already exited the car at the time the photo was taken.
"We are working with the authorities to establish the facts of the incident and offer our full cooperation," a Tesla spokesperson said, according to Business Insider. "The passengers are all unharmed. They were able to safely exit the vehicle before the incident occurred."
The report comes after Tesla removed the words "self-driving" and "autopilot" from its Chinese website's Model S page following a self-driving vehicle crash in Beijing last week.
A separate, fatal accident also occurred in Florida earlier this year.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate TESLA MOTORS INC as a Sell with a ratings score of D+. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
You can view the full analysis from the report here: TSLA