DETROIT -- Tesla Motors shares dropped after reports of a second fiery crash involving the company's Model S electric car.

On Oct. 17 in Merida, Mexico, a Model S sped into a roundabout, crashed through a concrete wall and hit a tree. The driver fled the scene before the car went up in flames. The U.S. automotive Web site Jalopnik reported the story Monday, citing the Mexican newspaper Progreso Hoy.

This purported video of the fire was posted on YouTube.

Tesla responded that the Model S protected the driver despite the severe crash, and said the driver is buying another Model S.

It was the second time this month that a Model S was in a fiery crash. On Oct. 2, a Model S burned after hitting road debris in Kent, Wash.

Tesla shares were down more than $5 in early trading Tuesday.

Read or Share this story: