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Tesla lowers Model S lease price, adds 3-month 'happiness guarantee'

Tesla Motors is offering an enticing deal for potential buyers who might not be entirely sure whether they actually want to own a Model S for the long term. A deal through US Bank not only lowers the cost to lease the EV but also turns leasing the brand's electric sedan into a long-term rental.
Curious buyers who lease a Model S are now able to return it in the first three months with no penalties and with the remaining payments waived, something Tesla is calling the "happiness guarantee." CEO Elon Musk announced the deal on the company's blog, and he said the payments were also as much as 25 percent lower because US Bank "has a much lower cost of capital than us." Currently, a Tesla lease starts at around $800 and can be up to $1,300, with down payments around $6,500. Tesla leasing is available in 38 US states (full list below).
Of course, there is a catch for the offer. If people turn in their Model S within three months, they can't immediately lease another one. Musk doesn't say how long the wait is.

Tesla: Earnings still down, but rate of Model S production way up

According to its Third Quarter 2012 Shareholder Letter, Tesla "is now at over 200 cars per week or 10,000 cars per year, which is at the critical threshold needed for Tesla to generate positive operating cash flow."
That's an important milestone to be sure, but the news is actually even better; Tesla expects to ramp Model S production up to 400 cars per week (20,000 units/year) by December of 2012, and says it will deliver 2,500 to 3,000 units in the fourth quarter of 2012. That's lower than the previous target of 5,000 in 2012, but it's more an issue of delayed achievement rather than missing the mark altogether.
All of that production bodes well for the future, but as of today, the automaker has yet to earn real money. Revenue for the third quarter of 2012 was $50 million, equating to a net loss of about $110 million after expenses were tallied. The stock market likes the numbers, with TSLA shares rising 8.9 percent on Monday after the report was released.

Tesla Model S prone to password hacking?

As more and more technology gets crammed into our automobiles, replacing once simple mechanical systems with electronics and other such wizardry, hackers and people much smarter than ourselves are finding more and more ways to exploit them. The latest such case comes from a man named Nitesh Dhanjani, who has reportedly managed to send wireless codes over the internet to the Tesla Model S that can unlock the car's doors.
According to an article from Reuters, the six-digit passcode required to gain entry into Tesla's electric sedan isn't the only flaw in the car's security Dhanjani - himself a Tesla Model S owner - has found. That said, the car's electronic key fob is still required to start and drive the vehicle, meaning thieves would only have the ability to steal things left inside the car and wouldn't actually be able to operate it or drive it away.
"It's a big issue where a $100,000 car should be relying on a six-character static password," said Dhanjani, who has shared his findings with Tesla.