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Elderly Man Dies After His Tesla Motors Inc Car Crashed Into Pool

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Mark Melin
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Tesla Motors Inc (NASDAQ:TSLA) stock price ended down $1.62 one day after a fatal crash into a swimming pool left an elderly man dead and the car’s design is in part being blamed.

Elderly Man Dies After His Tesla Motors Inc Car Crashed Into Pool

Tesla crashes through brick wall, lands in pool in oddball accident, passenger escapes

Partial blame is being laid upon the car’s interior design when the 85 year-old driver crashed into a neighbor’s swimming pool. He was reported to have pressed the accelerator rather than the break while in the garage.

At approximately 2 PM Sunday, the...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.