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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 now has 200 Superchargers open around the world

Oxnard, California. That's where electric-vehicle enthusiasts can find Tesla Motors' 200th Supercharger station. And they should be able to find some pretty good surf nearby, too. Number 200 is located in a shopping mall near Highway 101 about 60 miles northwest of central Los Angeles and includes 10 stalls, according to Green Car Reports. Given the recent pace of European deployments, having No. 200 in the US is a slight surprise, since more than half of the 100 stations installed since April are in Europe (a lot of them are being deployed in Germany and Norway). Technically, Tesla is now up to 207 chargers, with a little over half of those in the US and the remainder in Europe and Asia. Tesla recently started providing a slightly less powerful but still valuable charging option in the form of wall chargers that can give 60 miles of charging range in about an hour. While no match for a Supercharger, that's about double the charging speed of a 240-volt charging station. As of early September, Tesla had partnered with about 110 North American hotels, restaurants and beach parking lots at deploying what it calls the Tesla Destination Charging Program. For a complete list of Tesla's Supercharger stations, go here.

Toyota sells off Tesla shares, too

The incredible rise of Tesla's stock price has done little to now stop two major shareholders from ditching their stake in the American EV manufacturer. First, Daimler, parent company of Mercedes-Benz, ditched its four-percent stake, and less than a week later, Toyota is doing the same thing, selling off an undisclosed bit of its Tesla investment.
The move comes as Toyota winds down sales of the RAV4 EV, which gets its batteries and electric motor from Tesla at the company's Fremont, CA factory.
"We have a good relationship with Tesla, and will evaluate the feasibility of working together on future projects," Toyota spokesperson Kayo Doi told Bloomberg via email.