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Tesla hires Hacker Princess Kristin Paget away from Apple

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

Elon Musk says Model S demand in China could require new plant there

It's not exactly news when Tesla Motors chief Elon Musk talks big, but his prediction that sales of the Model S electric vehicle in China will require the California-based company to build a factory there is pretty substantial. Musk tells Bloomberg News that Tesla's sales in China could equal those in the US as soon as 2015. Could is the operative word here, though, since he backed off a tad by calling his production more "low fidelity" than firm. Still, Musk says demand will be strong enough that a factory in China could become a reality in the near future. Tesla recently set the price for the Model S in China at at about $121,000, which is about a 50-percent price premium compared to the US. And while that sounds steep, the extra cost is actually less than the doubling (relative to US) that usually happens when cars and trucks are imported in China. Looks like Musk wants to sell some cars in the People's Republic. Tesla finished strong in the US last year, moving about 6,900 of its battery-electric Model S sedans during the last three months of 2013. That made it the best-selling US plug-in vehicle during the fourth quarter. We'll be tracking when that same feat is achieved in China.

Tesla Announces Details Of Proposed Gigafactory Battery Plant

It's another day and electric automaker Tesla Motors is in the news once again. Tesla announced Wednesday that they will be offering $1.6 billion in convertible senior notes to the public. According to the press release, Tesla will use these funds to assist in "the development and production of its 'Gen III' mass market vehicle, the development of the Tesla Gigafactory and other general corporate purposes." The "Gigafactory" is a proposed lithium-ion battery plant that will sit on an estimated 500-1000 acres of land, employ around 6,500 employees and have an estimated vehicle output of 500,000 units per year in 2020, according to the automaker. That amount of vehicles will require an estimated 50 gigawatt hours of energy per year in battery pack production. That's more energy in lithium-ion batteries than was produced globally in 2013. Construction of the Gigafactory is anticipated to take place during 2014 and all of 2015, followed by equipment installation in 2016. First production launch is scheduled for 2017. In keeping with the environmentally friendly theme, the Gigafactory will be "heavily powered" by both solar and wind energy, and according to our colleagues at Autoblog Green, "will also use older Tesla packs for storage." Tesla still hasn't announced in which state the factory will be built, but it has been narrowed down to four: Arizona, New Mexico, Nevada, and Texas. More details can be read in this PDF document released by Tesla and in the press release below. TESLA ANNOUNCES $1.6 BILLION CONVERTIBLE NOTES OFFERING WEDNESDAY, FEBRUARY 26, 2014 PALO ALTO, Calif., February 26, 2014 – Tesla announced today an offering of $1.6 billion aggregate principal amount of convertible senior notes in an underwritten registered public offering. Of the total offering, Tesla will offer $800 million aggregate principal amount of convertible senior notes due 2019 and $800 million aggregate principal amount of convertible senior notes due 2021. In addition, Tesla intends to grant the underwriters a 30-day option to purchase up to an additional $120 million in aggregate principal amount of convertible senior notes due 2019 and an additional $120 million in aggregate principal amount of convertible senior notes due 2021, for a total potential offering size of up to $1.84 billion. Tesla intends to use the net proceeds from the offering to accelerate the growth of its business in the U.S.