Tesla Motors officially changed its name to Tesla Inc. from its official company name Tesla Motors, Inc. For the last couple of years, the company focusing on areas like energy, and 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 is the Founder and Chairman of SolarCity which is a 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. The company is also planning to create solar roof panels that look like ordinary roof tiles, there may be a chance that the company begins shipping to customers later this year.
Last year, the company changed its website URL from teslamotors.com to tesla.com. In tesla’s official page, it lists itself as not just an automaker, but also a technology and design company with a focus on energy innovation. The official name change was taken a long time.