This type of tyre pressure monitoring can trigger false alarms. It works using the wheel speed (ABS) sensors, to measure the speed of the wheels relative to each other. If a tyre deflates, it's overall diameter reduces, therefore the wheel will turn faster. This could happen if one wheel spins due to loss of traction, but in theory the ESP will recognise that and tell the TPMS that it's got the job under control.
On very odd occasion, you can hit a bump in the road, or something that makes one wheel turn a little faster and the ESP won't pick it up. This will put the TPMS light on. Bloody frustrating, as even tho' the car feels fine, you get that nagging doubt and have to stop and check the tyres before resetting the system.