Elon Musk’s car company is commonly referred to as Tesla but the company’s official name has been Tesla Motors for many, many years. The company today announced that its official title has now been changed. Tesla Motors will henceforth be known as Tesla, Inc. There’s a pretty good reason why it has decided to change the name officially.
Tesla Motors may have started out as a company that just makes electric cars but it has gone beyond that over the past few years. Tesla Motors has been making batteries for power backups and due to its acquisition of SolarCity, will now function as a player in the solar power market as well.
The change in name is going to reflect that Tesla has moved on from making just cars to being a more diverse business that offers more than electric cars. You don’t need to own a Tesla to buy a Powerwall battery pack or a solar panel solution from SolarCity, a company that was founded by Elon Musk’s cousins and where he served as chairman of the board.
It’s evident that Tesla has been thinking about making this change for quite some time now. Last year, the company changed the URL of its website from Teslamotors.com to simply Tesla.com. The official about page now describes Tesla as a company that is “not just an automaker, but also a technology and design company with a focus on energy innovation.”