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Does Tesla really have 12,000 Model X preorders?

The Tesla Model X is not due until the end of the year, but the preorders apparently continue to rush in. While there has been no official statement - we've asked, but Tesla declined to comment - a set of crowdsourced numbers over at the Tesla Motors Club (TMC) adds up to over 12,00 people excitedly awaiting a new EV. Since Tesla isn't talking, we'll say 12,000 is a reasonable guess. TMC used reservation numbers submitted by people in the queue to come up with 12,000. That number breaks down to 9,900 Model X orders from the US (around 1,350 of them the Signature Series), another 1,916 (202) from Europe and 384 (49) from Canada. Throw in an expected 764 (with an unknown number of Signature models) from China, and you get to a solid batch of preorders for the upcoming all-electric, AWD-only Model X. Over 13,000, in fact. TMC acknowledges that this number is higher than the expected real number of preorders because anyone who upgraded from the standard production version to a signature model gets counted twice in the system that TMC is using, and cancellations are not factored in. We would not be surprised in the least if there are already over 10,000 people lined up for a Model X. It will be the first EV of its size on the market (aside from the Toyota RAV4 EV, which is only available in limited numbers) and it carries the Tesla cache. After all, Tesla sold over 20,000 Model S EVs in the US last year, so we know the company can make a popular EV. Lastly, Tesla got $40 million worth of preorders - that is, around 500 units - in the first four days that the CUV was available for deposits back in 2012. Since Tesla isn't talking, we'll say 12,000 is a reasonable guess.

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

Why this could be the perfect time for Apple to make a car play

While the automotive and technology worlds have been pouring billions into autonomous vehicles (AVs) and preparing to bring them to market soon as shared robo-taxis, Apple has mostly sat on the sidelines. Of course, Apple is the last company to ever make its intentions known, and the super-secret tech cult giant hasn't been totally out of the AV game based on the clues that have slipped out of its Cupertino, Calif., citadel over the past few years. Related: Apple self-driving cars are real — one was just in an accident News first broke in 2015 that it had assembled an automotive development team, in part by poaching high-profile talent from car companies, to work on a top-secret self-driving vehicle project code-named Titan. (Thank you very much, Nissan.) Apple also subsequently broke cover by making inquiries into using a Northern California AV testing facility and receiving a permit to test AVs on public roads in California. But then as the AV race started to heat up in the last few years, Apple reportedly began scaling back its car activities by downsizing team Titan. More recently, Apple's car project has shown signs of life with the hiring a high-level engineer away from Waymo and luring one Tesla's top engineers and a former employee back to Apple. It also inked a deal with Volkswagen to provide a technology platform and software to convert the automaker's new T6 Transporter vans into autonomous shuttles for employees at tech company's new campus. That is a far cry from giving rides to Wal-Mart shoppers, like Waymo is doing as part of its AV testing in Phoenix. But this could be the perfect time for Apple to enter the AV market now that ride-sharing is reaching critical mass and automakers and others are planning to deploy fleets of robo-taxis. Apple could easily establish a niche as a high-end ride-sharing service – and charge a premium – given its cult-like brand loyalty and design savvy. The growth of car subscription models could also play in Apple's favor since is already has many people hooked on paying for phones in monthly installments – and eager to upgrade when a new and better model becomes available. To achieve this, some believe Apple will fulfill co-founder and CEO Steve Job's dream of building a car. And as the world's first and only $1 trillion company it's sitting on a mountain of cash that certainly gives it the means. But other tech darlings like Tesla and Google have discovered how difficult it can be to build cars at scale.