Parked Tesla Model S bursts into flames in shocking video

In a statement to the Daily Dot, Tesla confirmed that it was aware of the video and that an investigation was currently underway.

“We immediately sent a team onsite and we’re supporting local authorities to establish the facts,” a Tesla spokesperson said. “From what we know, no one was harmed.”

According to Reuters, the video and a downgrade to the company’s stock are likely responsible for a 4 percent drop in share value on Monday.

Whether the fire will have a significant effect on consumers in China remains to be seen, but previous incidents do not appear to have changed the company’s sales or reputation.

While electric vehicles are reportedly much less likely to catch fire than gas-powered cars, incidents do occur. A Tesla Model X similarly burst into flames in Pittsburgh last week and burned for hours. That vehicle had been towed to an auto repair shop after initially catching fire in February.

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