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Tesla Motors stock breaks $200 mark for first time

It seems not that long ago that the air had been let out of Tesla Motors high-flying stock price. The company didn't adequately thrill the market when it disclosed its third-quarter 2013 financial results last November and TSLA price plummeted quickly enough to trigger a temporary halt to short sales. Immediately after that, the infamous Tenessee CarBQ happened, adding to the loss of altitude. Shares that had been, at one point, worth as much as $193.37 spent the last half of November 2013 bumbling along in the $120 neighborhood. If you had chosen that low point to invest, we imagine you are wearing a very self-satisfied smile today. That's because the TSLA stock has more than reversed all previous losses and reached a high of $201.91. The most dramatic part of that rise came this week as the price saw a gain of $30. By the end of the day today, TSLA settled at $196.62, up just six cents from the close of trading yesterday. Whether or not the stock has been buoyed by anticipation of the upcoming fourth-quarter financial reporting – estimated to happen a week from now – is hard to say. Certainly the fears over future battery supply constraints have been calmed, and we expect the upcoming call to have even more concrete details about the giga-factory. If you think you know the reason for the recent rise, please feel free to share with the rest of the class in the Comments. Featured Gallery Tesla Model S View 24 Photos News Source: NASDAQ Green Tesla Electric tsla nasdaq

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.

Consumer Reports scores Tesla Model S 99 out of 100 [w/video]

Consumer Reports is awfully fond of the Tesla Model S. The EV managed to pull down an impressive score of 99 out of 100 in the organization's evaluation, besting the Porsche Panamera Hybrid by a full 16 points. CR calls the battery-operated sedan "the most practical electric car we've ever tested" thanks to its 200 mile range and blistering 5.6-second dash to 60 miles per hour. Testers also had praise for the vehicle's excellent handling characteristics and clever packaging, but found issue with the large touch screen mounted in the center of the dash. According to CR, the screen requires too much time looking down and away from the road.
The publication also called out the car for skipping the spare tire, compressor and run flat tires, but those issues weren't enough to keep the machine from earning a top nod. You can head over to Consumer Reports to read the full review for yourself, and be sure to check out the video below for a better picture of the machine's highlights, including some EV drifting (even CR likes to have some fun).