Tesla Motors is not recalling its Model S electric cars, a source familiar with the matter told CNBC on Tuesday, quashing speculation following the automaker's third battery fire incident.
On Monday evening, editor-in-chief of tech news outlet BGR Jonathan Geller tweeted that Tesla may be considering recalling its Model S to 'strengthen the undercarriage' following recent fires.
(See Jonathan Geller's Tweet)
( Read more: Tesla slammed, despite expanding production)
Tesla to blame for flame?
Tesla shares were down nearly 5 percent Tuesday. The company's stock has fallen more than 20 percent over the past month.
The company declined to comment.
The Model S suffered its third battery fire last week, raising questions about the safety of the popular but controversial electric car.
Tesla CEO Elon Musk is scheduled to be interviewed on CNBC around 4pm ET Tuesday.
(Read more: Owner of flaming Tesla says he's 'still a big fan')
-CNBC's Ryan Ruggiero contributed to this report.
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