NEW YORK (TheStreet) Tesla Motors (TSLA) shares were slightly higher in Monday trading, gaining 1% to $139.34 following news over the weekend that the owner of the latest Model S to suddenly erupt in flames would "buy another one in a heartbeat."
Dr. Juris Shibayama responded to the incident with a blog post on Tesla's website declaring that given the severity of the accident, the Model S saved his life. Here's Shibayama's post in its entirety:
I was driving home from work on the interstate in the right lane at approximately 70 miles per hour, following a truck. In the middle of the lane, there was a rusty three-pronged trailer hitch that was sticking up with the ball up in the air. The truck in front of me cleared the object. I did not have enough time to swerve to avoid the hitch, and it went below my car. I felt a firm "thud" as the hitch struck the bottom of the car, and it felt as though it even lifted the car up in the air. My assistant later found a gouge in the tarmac where the item scraped into the road. Somewhat shaken, I continued to drive.
About 30-45 seconds later, there was a warning on the dashboard display saying, "Car needs service. Car may not restart." I continued to drive, hoping to get home. About one minute later, the message on the dashboard display read, "Please pull over safely. Car is shutting down." I was able to fully control the car the entire time and safely pulled off the left shoulder on the side of the road. I got out of the car, and started to get all my belongings out. About 5-10 seconds after getting out of the car, smoke started to come from the front underbody of the car. I walked away from the vehicle to a distance of about 100 yards. More smoke started to come out of the bottom of the car, and about two minutes after I walked away, the front of the car caught on fire.