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

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

Tesla not bought with Bitcoin currency after all?

The story we posted about a dealership accepting Bitcoins as payment for a Tesla Model S is reportedly only partially true. Lamborghini Newport Beach instead used BitPay to exchange the electronic currency for US dollars before completing the sale, according to "Squawk on the Street" on CNBC.
"We found out that by using a little program that Bitcoin uses, which is actually BitPay, we would have received US dollars," Pietro Frigerio, general manager of the dealership, says in the interview. "It's like if you come into the dealership and you want to buy a Lamborghini using gold bars, we would not accept it. So you'd go out, exchange it, and you'd come back to us. That was how it worked [with the Tesla and the Bitcoins]."
Frigerio says that the dealership doesn't accept Bitcoin as a currency and only accepts US dollars as payment for its vehicles. That said, we wouldn't be surprised if using BitPay to turn Bitcoins into US dollars for the used Model S purchase was actually easier than going through a more traditional financial establishment. Head over to CNBC to check out the "Squawk on the Street" interview with more details.

Rinspeed XchangE points the way forward for secure, autonomous EV driving [w/video]

If there're features that have great potential to sell the public at large on the concept of self-driving cars, we're guessing that cozy, rear-facing seats and a gigantic in-car 4K television are high on the list. If you've heard of the Swiss company Rinspeed, you almost certainly associate it with outlandish concept cars, and this XchangE autonomous EV fits that description, while still providing insight into a seemingly plausible future. Always a highlight of the Geneva Motor Show, this year's Rinspeed concept has transformed a Tesla Model S into a self-piloting, business class, mobility pod. Or something very like that. Sure, you can drive the XchangE for yourself if you like, but then you'd miss out using the all-new, HTML5-based infotainment platform or the aforementioned mobile movie theatre, which is operable via gesture controls. No more losing the remote down the seat crack for you. Beyond the show car "wow factor" items like the striking interior treatment and green-on-yellow paint scheme, it is interesting to see that Rinspeed has taken electronic security very seriously for the concept car. The infotainment platform is said to be bolstered against hacker attacks, the LTE wireless system offers secure data transmission, and the car systems themselves use RFID tech to identify authorized drivers. Considering the legitimate concerns associated with autonomous cars in a fully computerized, connected environment, high-security while on the motorway might be the biggest luxury of all. Find the usual complement of video, press release and official photos below and see our live gallery of the XchangE concept, above. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. 2014 Geneva Motor Show: Rinspeed presents the future of autonomous driving. What will move us tomorrow: the office and living room on wheels. Traveling in business-class style redefined with innovative Harman infotainment concept. Autonomous driving is set to become reality in the near future. While the major automakers are putting the finishing touches on the technology, the Swiss idea factory Rinspeed puts man at the center of the autonomous car. At the 2014 Geneva Motor Show Rinspeed presents the "XchangE" study to the public in a world premiere. It demonstrates how cars will 'move' us just a few short years from now, in both senses of the word. Frank M.