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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 Model S vulnerable to hackers?

Next time you walk by a parked Tesla and its sunroof is opening and closing with nobody sitting inside or around it, you could be witnessing a hacker moment. For all of its strengths as a car, the Model S reportedly has a weak spot: the security of its API (application programming interface) authentication, according to an article in the O'Reilly Community by George Reese, executive director of cloud management at Dell. Tesla develops and uses its own API authentication protocols, which have made access to certain Model S functions too easy for hackers, Reese says - himself a Model S owner.
At question is the Tesla REST API, which is accessed via a web-based portal, usually by Model S owners with their iPhone or Android-based smartphone, to perform a variety of menial tasks and check the status of the car. The Tesla-registered e-mail and password of the car owner is used to access the API through a web portal, which creates a "token" that lasts for three months. During that period, owners access the Tesla REST API via the token without the use of their log-in information. Unfortunately, the tokens and their respective cars are stored on website databases that are all too easy to hack, Reese explains, and if a hacker gains access, "it has free access to all of that site's cars for up to three months with no ability for the owners to do anything about it." On top of that, there is no way to revoke access of a compromised application.
Reese says that "there's nothing in the API that (can? should?) result in an accident if someone malicious were to gain access." The API can check the car's battery charge, operate climate control, operate the sunroof, identify car location, honk the horn, open the charge port, and perform other similar operations. But, he cautions, "Perhaps the scariest bit is that the API could be used to track your every move."

Tesla investigating the cause of Model S garage fire in Toronto

A Tesla owner in Toronto returned from a drive only to have his fire alarms go off shortly after powering down his Model S in an incident that is once again raising concerns about the electric hatchback's safety. Where previous cases of Model S combustion were anything but spontaneous -the car was always involved in an impact before going up in flames - this latest case has no obvious cause.
According to Bloomberg, as far as its owner knows, this particular Model S was not involved in a collision during the drive. It also wasn't charging when the fire started. According to Tesla, though, it wasn't any of the Model S' major components that caused the fire.
"In this particular case, we don't yet know the precise cause, but have definitely determined that it did not originate in the battery, the charging system, the adapter or the electrical receptacle, as these components were untouched by fire," said Tesla in an official statement.