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Musk sticking to plan for 'affordable' Tesla model

By now, we've all heard that Tesla has repaid its loan from the US Department of Energy - nine years ahead of schedule - and the Model S is selling well enough to put at least a little fear into Audi, but what's next? Well there's the Model X crossover slated for late next year, but it's the long-promised, frequently mentioned "affordable Tesla" that could really help cement the automaker in the automotive industry record books.
According to Bloomberg, CEO Elon Musk talked more about the new baby Tesla recently, saying that the car should come to market by 2017 at the latest. In terms of details, Musk says it will be priced below $40,000 with a range of about 200 miles. Taking a swipe at the would-be competition, he also added that it will be nicer than a Nissan Leaf. Given the recent Tesla-related PR blunders from Audi and Chrysler recently, we hope Nissan won't vent its displeasure at that statement.

Tesla wants to hackproof the Model S

Apparently, Tesla Motors is abiding by the wise words of Chinese military general Sun Tzu to keep its friends close and its enemies closer. The tech-heavy electric vehicle maker attended the recent Def Con conference in Las Vegas, The Wall Street Journal reports, in order to learn about computer-security advances and to attract hackers. Come and get it. But Tesla's there for good reason. The California-based automaker is looking to hire at least 30 hackers from the conference (which is chock full of hacking competitions), according to the Journal. Kristin Paget, Tesla's self-described "hacker princess," notes that with the automotive industry increasingly relying on networked communications for features ranging from on-board entertainment to parallel-parking controls, automakers are very vulnerable to whims of expert hackers. Tesla has a built-in way to play defense since it already regularly sends out wireless software updates for its Model S sedan. In February, Tesla hired Paget away from Apple Computer to improve its virtual shields. Paget previously worked at Microsoft, specifically with its Vista operating system, before joining Apple in 2012. She once gained notoriety for writing a manual on how to build a fake cell tower that was capable of intercepting mobile-phone calls, so she's got a good eye for these things.

Tesla Model X to outsell Model S, 'devour' premium SUV market

It's still about a year away, but the arrival of the Tesla Model X is already expected to have a major impact on the premium SUV market. According to Morgan Stanley, the all-electric Model X, Tesla's third model following the Roadster and Model S sedan, is "ready to feast" on the current crop of high-end SUVs.
Not only does Morgan Stanley expect the Model X to do well against other vehicles in its class, it's expecting the new SUV to even outpace the critically acclaimed Model S, with the X accounting for a larger share of sales by the end of 2016. The sales boost provided by the Model X should also contribute to a healthy jump in Tesla's current $250 stock price. MS is expecting Tesla shares to hit about $320, and has called it a "top pick in US autos," according to The Los Angeles Times.
As for how Morgan Stanley is expecting such strong results for a car that literally no one outside of Tesla has driven, it cites Elon Musk's company's increased access to both money and technological expertise relative to the Model S project. The firm also points to Tesla's larger investments in the Model X project so far.