Tesla Motors Becomes Tesla Inc. In Symbolic Move From Auto Company To Technology Giant

Elon Musk started Tesla Motors in the late 2000s and has managed to grow it into one of the most influential automotive companies in the world. After several acquisitions and expansions into other industries, however, Tesla was no longer concerned with simply building cars. This is why a change in name from Tesla Motors to Tesla Inc. was appropriate since it symbolized how the startup has become a giant in the technology business.

Aside from making some of the best luxury electric cars in the business, Tesla is also involved in creating private power stations for use in homes and even recently unveiled a Powerpack station that adds considerable energy capacity to the California power grid. There’s also the matter of bringing Solar City under its wing, which is an initiative that Musk started to reduce the world’s dependency on fossil fuel.

The name change went into immediate effect, with several of its properties, websites, and products set to get re-branded, Business Insider reports. However, it’s unlikely that all of the intellectual property that Tesla has will come with their names changed in a matter of days. The new name will likely roll out over a span of weeks or months.

Interestingly enough, the change in name also comes in a timely manner since the company’s earnings report is set to be made available next week. It’s not much, but Tesla is set to unveil some rather intriguing project over the next few months and some of the details might become available during the report.

Whatever may happen in the future, however, the company itself would prefer to be considered an energy company more than anything else, Daily News reports. This suggests that it will start initiating more projects involving Solar City and its personal power battery packs that it’s already marketing to homeowners.