Tesla Motors officially changes its name to Tesla Inc.
Tesla Motors officially changed its name to Tesla Inc. from its official company name Tesla Motors, Inc. From last couple of years, the company focusing on areas like energy, solar power hence, the name change hints company’s nature of business and future focus areas. Tesla becomes an energy company after removing “Motors” from the company’s name. Tesla CEO Elon Musk has said about the various aspects which will take on growing importance to its business overall.
Musk’s cousin who is the Founder and Chairman of SolarCity which is solar power company, picked by Tesla in late 2016. Last year, Tesla also came with its second-generation Powerwall battery storage device for home use, as well as its Powerpack 2.0 commercial solar energy storage solution.