teleport question

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Heya!

If a character is falling down from a great hight and he has the ability to teleport, like the racial one...

Is it then possible for him to avoid falling damage, saying: "I teleport to the ground when I'm within reach of teleporting there while falling."?

Or does falling speed continue through a teleport? Does any speed continue through a teleport? Like when your riding a horse and you teleport off it into a tree, would you fall out?