Tesla Rises as Germany Clears Model S Car After Fires

Tesla Motors Inc. rose the most in almost six months after its Model S electric car was cleared of any defect in a German review following three recent fires and two analysts said the events won’t hurt the business.

Tesla, whose Model S is being investigated for a possible U.S. recall, had been asked to provide technical data to the German Federal Motor Transport Authority after three recent crashes involving the car that ended in fires, according to a company statement yesterday. The German agency, like the U.S. National Highway Traffic Safety Administration, has authority to request recalls if a defect is found, Tesla said.