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 "The headlines are extremely misleading. If fire risk is your concern, you would have a great deal of difficulty being in any better car than the Model S," Musk said.
There is one fire for every 1,300 gas-powered cars on U.S. roads, and for the Model S, that's closer to one in 8,000, Musk said during an interview Tuesday at The New York Times' DealBook conference. He underscored that none of the drivers in the three cases was injured.
"There's definitely not going to be a recall. There's no reason for a recall, I believe," he said.
Rumors of a possible recall sent Tesla shares down 5 percent Tuesday to close at $137.80. They rose 2 percent in after-hours trading after Musk spoke. The stock is down by nearly a third since the first fire was reported on Oct. 2. In that case, the car hit a large metal object on a state highway near Seattle. In the second case, in Mexico, a Model S burned after a high-speed crash. Last week, a Model S caught on fire near Smyrna, Tenn., after its driver struck a trailer hitch in the road.
Musk, who described himself as "somewhat of a perfectionist," said Tesla would recall the Model S immediately if it thought the car had a safety problem.
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