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Tesla Stock Hits All-Time High Hours Before Fifth Car Fire Reported

Fri, Feb 14 2014

A Tesla Model S caught fire while parked in its owner's garage in Toronto earlier this month. This marks the fifth car fire in five months for the California automaker, according to CNBC. On Feb. 1, a four-month-old Model S was parked and unplugged in a garage when its owner heard the fire alarm go off. The car was quickly engulfed in flames. The fire damaged the garage and nearly destroyed another vehicle. Toronto Fire Service tells CNBC the engine area was the source of the blaze. Tesla is investigating the fire, and issued a statement to Business Insider reminding consumers that every automotive company expects to deal with car fires at some point and that gasoline cars experience higher car fires than Tesla on average. There have been no deaths due to the fires. Five Teslas have caught fire in the last five months, two were started when their battery packs were punctured by debris in the road. A ho-hum third-quarter in 2013 and news of the fires caused the stock price to dwindle to $120 a share. The company recently reclaimed much of that ground, surging for the first time past $200 a share just this week, Autoblog Green reported. Related: Tesla Model S Test Drive | TRANSLOGIC Related Gallery The Top Ten Best Green Cars -- And 3 Clunkers View 14 Photos Tesla fire engine stock stocks

Ohio senator with deep dealer ties proposes anti-Tesla bill

Fri, Feb 14 2014

The fight against customer-direct car sales by Tesla Motors continues around the US, and the California-based company can now count dealership groups in Georgia and Ohio among its adversaries. In Ohio, Tesla has opened company-owned stores in Cincinnati and Columbus and is now fighting a state dealership association that's pushing for legislation that explicitly outlaws direct dealer-to-public sales after a lawsuit against Tesla was dismissed last week, Automotive News says. The proposed law (Senate Bill 260) would prevent any entity from selling vehicles if it "is a manufacturer, or a parent company, subsidiary, or affiliated entity of a manufacturer, applying for a license to sell or lease new or used motor vehicles at retail." Under Ohio's current laws, Tesla says its stores are perfectly legal, but clearly that would would drastically change if SB260 becomes law without some sort of provision to 'grandfather' dealers opened before the legislation passes. Ohio's dealers say Tesla threatens their network since it sets a precedent for other automakers to use the same practice. The politician behind the bill received at least $42,825 from dealership owners, employees and PACs. The politician behind the anti-Tesla bill in Ohio is Senator Tom Patton (R-Strongsville), who "received at least $42,825 from state and national auto dealership owners, employees, and political action committees (PACs) between 2002 and 2013," according to Media Trackers. His Facebook page is filling up with negative comments about his "crony capitalism" actions. Meanwhile, a Georgia exemption from that state's prohibition of automaker-to-public sales states that a company can directly sell as many as 150 zero-emissions vehicles a year, the Atlanta Business Chronicle says. Tesla sold about 500 of its Model S sedans there last year, with the rest of the cars being registered in California. The automaker is looking to expand that exemption tenfold to 1,500 vehicles. Georgia and Ohio join states such as Massachusetts, New York and Texas that have done battle with Tesla and its business model, with Texas thus far being the most formidable opponent. CEO Elon Musk said last year that he may go to the federal government to get such laws changed on a national level. That's not surprising since Tesla's preparing to start selling its Model X crossover and could unveil its cheaper EV (possibly called Model E) at the Detroit Auto Show next year.

Tesla Model S headed to Vukee carsharing in San Francisco

Thu, Feb 13 2014

The San Francisco bay area continues to expand as a carsharing hub, and the latest addition is going to attract some attention. Vukee, a Palo Alto, CA-based company, is introducing the Tesla Model S to carsharers in that market as a way to stand out from larger carsharing providers like Zipcar and City CarShare. Instead of spending $70,000 on the luxury electric sports car, Vukee's new carsharing deal offers an affordable behind-the-wheel driving experience, but the exact cost has not yet been announced. The launch happens in April. Vukee will start with 25 Teslas at its charging stations ready for drivers to pick up. Electricity and insurance are included in the rental fee. If you've a fan of this idea, you can make a small donation to Vukee and have your name emblazoned on the hood of one of the Model S EVs. If you donate a lot of money, like Gill up there in the picture, your name will be written very large on the hood. Signing up for Vukee is also easier than becoming a Zipcar or Car2go, since Vukee has no membership fees. You just download the Vukee app, scan your drivers license and credit card and pay as you go. Who wants to go for a drive? This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. vukee Car Spot Indiegogo from Meik-M. Lindberg on Vimeo.

Tesla Motors stock breaks $200 mark for first time

Wed, Feb 12 2014

It seems not that long ago that the air had been let out of Tesla Motors high-flying stock price. The company didn't adequately thrill the market when it disclosed its third-quarter 2013 financial results last November and TSLA price plummeted quickly enough to trigger a temporary halt to short sales. Immediately after that, the infamous Tenessee CarBQ happened, adding to the loss of altitude. Shares that had been, at one point, worth as much as $193.37 spent the last half of November 2013 bumbling along in the $120 neighborhood. If you had chosen that low point to invest, we imagine you are wearing a very self-satisfied smile today. That's because the TSLA stock has more than reversed all previous losses and reached a high of $201.91. The most dramatic part of that rise came this week as the price saw a gain of $30. By the end of the day today, TSLA settled at $196.62, up just six cents from the close of trading yesterday. Whether or not the stock has been buoyed by anticipation of the upcoming fourth-quarter financial reporting – estimated to happen a week from now – is hard to say. Certainly the fears over future battery supply constraints have been calmed, and we expect the upcoming call to have even more concrete details about the giga-factory. If you think you know the reason for the recent rise, please feel free to share with the rest of the class in the Comments. Featured Gallery Tesla Model S View 24 Photos News Source: NASDAQ Green Tesla Electric tsla nasdaq

Tesla hires Hacker Princess Kristin Paget away from Apple

Tue, Feb 11 2014

Might it be that one of Apple Computer's software-security gurus wasn't quite, ahem, secure enough to resist the pull of Tesla Motors CEO Elon Musk? Kristin Paget, who held the illustrious title of "Hacker Princess" at Cupertino, CA-based Apple, starts working for nearby Tesla this week, Re/code says. Paget would only say on her Twitter feed that the gig was "something security-related" and added that she "shouldn't say too much." Paget would only say that the gig was "something security-related." Paget joined Apple in 2012 after spending time with Microsoft, where she was responsible for security in the Vista operating system. Paget was also known within the Silicon Valley cognoscenti for her instructions on how to build a fake cell tower that could intercept cellphone calls. Tesla's headquarters in Fremont are just 25 miles from Apple's, but the poaching is far more than merely geographic. Tesla has always been big on technological advancements and has been steadily making over-the-air software upgrades to the Model S. Most recently, Musk and Tesla Chief Technology Officer Straubel toured Western Europe, talkind to Tesla owners and followers. They said the company was on the cusp of releasing Version 6.0 of the Model S software, which includes more suspension control as well as real-time traffic data. We wonder what features Paget will bring to Version 7. Featured Gallery Tesla Model S: Quick Spin View 33 Photos News Source: Re/code via Pulse2Image Credit: Copyright 2014 AOL Green Tesla Electric microsoft security software

Tesla driver blames 'new car smell' in fatal cyclist crash

Mon, 10 Feb 2014

According to the accident report compiled by the California Highway Patrol, 63-year-old driver Navindra Kumar Jain fell asleep at the wheel while driving northbound on Highway 1 in Santa Cruz, crossed into the oncoming, southbound lane, crested a small hill and then while doing 55 miles per hour hit a southbound cyclist who was riding on the shoulder. The cyclist, Joshua Alper, died at the scene. Jain was driving a Tesla Model S he had bought ten days earlier and said that the intense new-car smell - which he attempted to counter with a baking-soda scented air freshener - caused him to fall asleep.
The accident happened in November, and after a three-month investigation the Santa Cruz district attorney has decided to charge Jain with "misdemeanor vehicular manslaughter." As you could guess, there are still plenty of unresolved issues. Jain has said he "fell asleep" and there was nothing mechanically wrong with the car he had bought ten days before the incident. His attorney, however, says "he passed out while driving and still does not know what caused the accident," and that the Tesla "and all its component parts" must be thoroughly tested. The CHP tore the Tesla apart, standard practice in manslaughter cases, and, not having found anything amiss, declared the driver at fault. Observers, and especially cyclists, want to know why Jain was only charged with a misdemeanor, and why he hasn't yet been arrested. Some might ask why he didn't just roll down a window.
It will take the courts to decide - that's "courts," plural. In addition to the criminal case, Alper's family is suing Jain and Tesla, appearing to cover its bases with the new-car-smell defense by accusing the Model S of being "defective and unreasonably dangerous when used in a normal, intended and foreseeable manner." That seems like a stretch to us, but it's not like bizarre defenses haven't ever swayed a sentencing before. No matter the verdict in the criminal or civil cases, though, with Joshua Alper gone, nobody wins.

Learn hidden Tesla Model S safety facts from this first responder video

Thu, Feb 6 2014

We all know that crashes can happen in a Tesla Model S. What not all of us know is how to approach a smashed vehicle in such a situation. That's where a new video, Emergency Response To Electric Vehicles, with Brock Archer and Ron Moore from Boron Extrication comes in. The training video, put together with the help of Tesla Motors, does not feature any spectacular crash footage (you can get that here) but does cover things like demystifying the dangers of an EV that has crashed in a puddle of water, the way an EV's body structure could fracture while being cut and the basics of electricity flowing through a circuit. It also discusses a few pertinent questions: How do the two electrical systems (12V low-voltage system and the high-voltage powertrain system) affect first responders trying to cut their way into the passenger cabin? Do first responders know all of the different ways an EV tells you if it is currently receiving a charge when it is plugged in? How can you locate the different types of batteries? There's lots here that applies to all EVs in the 37-minute video, not just the Model S, so if you want to know more about how safe - or unsafe - they are after an accident, watch the whole thing below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Auto News Green Tesla Safety Electric Videos first responder

Consumer Reports says Toyota, Ford, Honda and Chevy are big winners in brand perception survey

Wed, 05 Feb 2014

According to Consumer Reports, the automotive brands that stand out in the minds of car buyers are, in order: Toyota, Ford, Honda and Chevrolet. This news comes after the magazine polled its readers, asking them to take into account vehicle quality, safety, performance, value, fuel economy, design/style, and technology/innovation - which are the factors that car shoppers are most influenced by.
It's important to note that this award is only about perception. In other words, it's perceived quality, not actual quality. "Often, perception can be a trailing indicator, reflecting years of good or bad performance in a category, and it can also be influenced by headlines in the media," said Jeff Bartlett, Consumer Reports deputy automotive editor.
The brand that made the biggest jump in perception amongst Consumer Reports readers is Tesla, which posted an impressive 47-point gain to finish in fifth place. Subaru is also notable for finishing in the top 10, despite being one of the smaller manufacturers doing business in the US. Scroll down below for all the details from Consumer Reports, if you're so inclined.

Elon Musk talks Tesla Model S updates, AWD version, Model X deliveries

Wed, Feb 5 2014

Tesla Motors CEO Elon Musk does things differently than the heads of other car manufacturers. Case in point, he just made a quick European tour with stops in the Netherlands, Germany and Norway where he, along with CTO JB Straubel, held lengthy question and answer sessions with Tesla owners, reservation holders and other interested parties. Now, we recognize that the California company has a significantly smaller customer base than traditional automakers, making these sorts of events more logistically easy (see also: Fisker). Still, the effort is a refreshing change from scripted press conferences, and allows Tesloids to voice their concerns and criticisms to the exact person with whom the buck stops. It's also good for Tesla, in that it gives new ideas for future improvements a chance to reach the ears of those best placed to implement them. We out here in the wider world like these sessions because they give us a bit of extra insight into the firm's progress and future plans. So what are some of the things we can expect from the electric automaker in the coming months and years? Version 6.0 software is a few weeks away and includes real-time traffic information as well as increased suspension functionality, like lowering and heightening on command. Supercharger production is maxed out and installs are happening at a rate of around five per week. Superchargers will soon pump power at an impressive 135 kW rate, but will plateau there. An AWD Model S will be coming, perhaps around same time as the Model X. Bigger battery pack options may arrive as soon as next year. The new giga-factory for batteries could bring costs down by at least 30 percent, ideally 40 percent and will produce about 30 gigawatt-hours worth per year. After ramp up, volume production of Model X is expected to begin around April 2015. To improve comfort, there will be a seat modification available in the near term, and a different seat option available in a year (or so). Battery swapping between Los Angeles and San Francisco should be online in a few months. The company has analyzed energy usage in production process and claims energy payback happens in less than 10,000 miles. May release white paper on this soon. For lots more tips and tidbits (home energy-storage unit, anyone?) scroll down to watch video of the Netherlands exchange. The Norwegian event – held in a theater because of the crowds – can be viewed at this link. This content is hosted by a third party.

Tesla completes cross-country Supercharger drive in Model S EVs

Tue, Feb 4 2014

It wasn't without problems, but Tesla's record-setting electric drive attempt has crossed the finish line. The pair of Tesla Model S EVs that left Los Angeles late last week has made it to New York City using nothing but Supercharger power. Last week, Tesla said the cars would be trying to set a Guinness World Record prize for the "lowest charge time for an electric vehicle traveling across the United States." According to Tesla, the Guinness team is now looking at the data to assess if that record was actually set. We don't know how much time was spent charging during the drive, but Tesla said that the two cars each put on 3,464.5 miles and used a total of 1,197.8 kWh. The entire drive took 76.5 hours. Tesla CEO Elon Musk told CBS that the trip was an "important, historic milestone." The weather wasn't exactly forgiving during that time, but the 15-person team made it safely to NYC in the early morning hours yesterday. The biggest problem was when one vehicle broke down near Mitchell, SD. Fortunately for the record attempt, it was not one of the Model S EVs, but one of the gas-powered support vehicles. This hampered the rotation system the drivers had: eight-hour drive shifts, eight-hour navigator shifts, eight-hour sleep shifts in one of two support vans. Tesla quickly bought plane tickets for the drivers left behind, and you can read details about this and more in the official blog posts here. Related Gallery Tesla Supercharger News Source: Tesla Motors, CBS Green Tesla Electric