News
EV fires are a major weakpoint for Fire Departments: NTSB report
The National Transportation Safety Board, better known as the NTSB, has released a new study showing that around 50% of fire departments are not readily prepared to handle an electric vehicle fire.
The NTSB is a United States government agency that is responsible for the investigation of civil transportation accidents. Some of the most notorious cases they have analyzed are US Airways Flight 1549, better known as “the Miracle on the Hudson,” and the Attacks on the World Trade Center and the Pentagon on 9/11 aircraft used were domestic commercial flights.
The NTSB is also responsible for analyzing the preparedness of various agencies across the country in an accident, which brought on concerns about how ready fire departments were when an EV catches fire.
While this is a somewhat rare occurrence based on information published in Tesla’s Safety Report, which revealed one of the company’s EVs catches fire once every 175 million miles, it is still important to know how to extinguish one if it were to occur. With the evergrowing presence of EVs on the road, fire departments must be prepared for a fire.
The investigation surveyed 32 fire departments in 2018 and analyzed their readiness for handling an EV fire. While the investigation took place over two years ago, the NTSB results were just published earlier this week.
The government agency’s study revealed that 50% of the 32 fire departments had no “post-crash/fire protocols currently in place for hybrid electric/electric vehicles.” 6.25% operated under “written policy,” 12.5% under “Standard Operating Procedure,” 21.88% under “Best Industry Practice,” and 9.38% under “Flexible Operating Plans.” The NTSB also indicated that the majority of the departments surveyed are utilizing “general tactics that can be applied to hybrid electric/electric vehicles or other similar incidents.”

However, the Federal Emergency Management Agency, or FEMA, states that handling an EV fire requires additional knowledge and a dedicated plan of attack to decrease the cells’ likelihood of causing additional damage when ignited.
EV fires are a different animal because of the materials used in the cars. “Electric vehicle fires can exceed 5,000 F. Applying water or foam may cause a violent flare-up as the water molecules separate into explosive hydrogen and oxygen gases,” FEMA writes on their website.

As electric vehicles continue to become more prevalent on today’s roads, agencies must prepare for these situations properly. While EV fires are not necessarily a common occurrence, that does not mean that departments should not prepare for the worst-case scenarios that they are often confronted with spontaneously.
Proper training and response could save multiple lives in the event of an EV fire. As electric cars increase their market share in the United States, it is time for fire departments to learn the proper precautions and handling of these rare scenarios.
The full report from the NTSB is available below.
Survey of Fire Departments Conducted by IAFC and NVFC-Master by Joey Klender on Scribd
Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
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Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Investor's Corner
SpaceX gets initial stock coverage from Tesla’s biggest bull
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
Elon Musk called it Epic: The full story of SpaceX’s Starship Flight 12
Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
News
Tesla expands massive safety feature worldwide in latest update
Tesla has expanded the footprint of a massive safety feature worldwide with a recent Software Update labeled as 2026.20.6. The expansion of the “Blind Spot Warning While Parked” feature represents the more widespread availability of the feature, which aims to prevent “dooring.”
Dooring is when a driver or passenger opens a car door into the path of an oncoming road user, usually a cyclist or motorcyclist. It is among the most common types of cycling accidents, the League of American Bicyclists says.
For this reason, Tesla created a feature that warns occupants not to open the door because an object is approaching. The feature will sound a chime, and it will also delay the opening of the door to prevent an incident.
The release notes state (via Not a Tesla App):
“If you attempt to open a door while an approaching object is detected in your blind spot (for example, a bicyclist approaching from behind) a chime sounds, and your door will not open upon initial button press. Wait a short time and press the button a second time to override the warning.”
Tesla initially rolled out this feature back in 2024 with the Model 3 “Highland.” However, it remained with the Model 3 exclusively for over a year; that was until Tesla added it to the Cybertruck this past Spring.
Now, it is making its way to the new Model Y, 2021 and newer Model S, and 2021 or newer Model X.
The prevention of dooring incidents could eliminate many injuries to cyclists, especially in an urban setting. Dooring accounts for 10-20 percent of bike-related crashes in major cities, and over 17,000 dooring-related incidents were treated in the U.S. over the course of a decade. These usually involve fractures, contusions, and head trauma.