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Analyst predicts GM will buy Tesla in 2014

There's little question that Tesla has come at the automotive industry as an outsider. But will it last as an outsider for much longer? Not if you ask Yra Harris of Praxis Trading. According to USA Today, the veteran financial analyst recently predicted on CNBC that General Motors will try to buy Tesla in 2014.
It certainly wouldn't be the first time that GM acquired another automaker. It did just that when it purchased the rights to the Hummer brand from AM General in 1999 and completed its takeover of Saab the year after. But, of course, The General has since divested from both, shutting down its Pontiac and Saturn brands in the process. Daewoo and Oldsmobile are gone too, as is Geo. Chevrolet is to be withdrawn from Europe, and over the past few years, GM has sold its minority stake in Isuzu, Subaru, Suzuki and PSA Peugeot-Citroën as well.
Of course, none of these are dedicated electric carmakers like Tesla is, and the Volt may not be doing as well as Detroit had initially hoped. But does that mean it's ready to start expanding its brand portfolio again? With all due respect to Mr. Harris, somehow we doubt it - especially with Tesla currently enjoying sky-high market valuation. The company's market capitalization stands at over $18 billion - more than 100-plus times its earnings. That would make mounting a Tesla takeover a hugely risky and costly endeavor unless Wall Street tempers its stock value greatly.

Tesla sending free replacement wall charger adapters after garage fire [UPDATE]

Tesla Motors is about to mail off a lot of packages. The California-based electric vehicle manufacturer is going to send out replacement, upgraded wall charger adapters to customers with official Tesla charging units. The reason is a recent garage fire that involved a Tesla Model S and a company wall charger, even though fire investigators said that the car was not responsible and Tesla said the wall unit did not play a role in the blaze. Tesla CEO Elon Musk said in an interview with Bloomberg today that replacement adapters will be mailed out in the next two weeks. Musk said fires and overheating adapters are "very rare events, but occasionally the wiring isn't done right. We want people to have absolute comfort, so we're going to be providing them with an upgraded adapter." The new adapter has a thermal fuse that will shut off if it gets too hot. Musk did not say why the original wall charger adapter apparently did not have a thermal fuse in the design. AutoblogGreen has asked Tesla how many adapters will be sent out and if this is a global or US-only replacement program, but as of press time, we have not received a response. We're also not sure if this will trigger a recall - the adapter is not, technically, part of the car - and hope Tesla can clarify this point soon. Tesla's first reaction to that garage fire in November was to update its charger software to automatically reduce the charge current under certain circumstances. To date, that incident in Irvine, CA is the only garage fire involving a Tesla wall charger that has been made public, but there are multiple reports of Tesla wall chargers heating up and melting, (see here, here or here), so it appears Tesla is trying to be safe rather than sorry. UPDATE: Tesla has issued a press release on this program, which is now available below. TESLA PROVIDES CUSTOMERS WITH UPGRADED CHARGING SOFTWARE AND ADAPTER FRIDAY, JANUARY 10, 2014 PALO ALTO, Calif. – A variety of factors such as corrosion, physical damage to receptacles, or inappropriate wiring or installation of electrical outlets can cause higher than normal electrical resistance when using the Universal Mobile Connector ("UMC") NEMA 14-50 adapters to charge Tesla Model S vehicles. When charging, higher than normal electrical resistance connections to external energy sources may cause excessive heating of the adapter.

Jaguar I-Pace sets Laguna Seca record, virtually matches Tesla Model S P100D

Jaguar has announced that the I-Pace crossover has set the Laguna Seca lap record for production electric vehicles. With racing driver Randy Pobst behind the wheel, the I-Pace HSE completed a lap in 1 minute and 48.18 seconds. Jaguar was adamant to stress that the record-setting vehicle was bone stock with "no modifications whatsoever." As Jalopnik reports, a bit of a dispute arose about the lap time, as a Tesla Model S P100D is said to have completed a lap in 1 minute, 47.62 seconds. However, the Tesla in question had received brake upgrades, unlike the factory specification Jaguar. The I-Pace's two electric motors are good for a combined 400 horsepower and 513 pound-feet, propelling the SUV to 62 mph in just 4.8 seconds. Jaguar has also released video footage from the Laguna Seca run, above. Look for the slide at the 30-second mark! Pobst must have been enjoying himself, as you can hear him guffawing after the famous Corkscrew section. While this record was all about the prowess of a production EV, there will be a racing series featuring the I-Pace, as the I-Pace eTrophy begins in the fifth season of ABB FIA Formula E. View 3 Photos Related Video: