Tesla Removes 'Motors' From Its NameElon Musk is building an energy company, cars are just a small part of that now.
This story originally appeared onPCMag
As soon as Tesla Motors was brought into existence, everyone, including the media, automatically shortened the name to Tesla for convenience. However, now it's officially becoming the company name going forward as CEO Elon Musk decided to ditch "Motors" and opted for "Tesla Inc." instead.
According toReuters, the name change/shortening highlights Musk's focus for Tesla. It's not just about vehicles, it's about energy. Tesla is a company focused on providing energy products, one part of which happens to be electric cars.
Alongside that, the company is investing heavily in a growing battery production business at the Gigafactory 1. That facility in Nevada will alsoproduce electric motors and gearboxes. And we can't forget Gigafactory 2 proposed for construction in Europe at some point in the near future.
As well as putting batteries in cars, Tesla offers thePowerwall并为家庭和工业电源组电池组l use. Then we have SolarCity, whichTesla acquired last yearand isproducing Tesla Glass roof tiles for. Unlike solar panels, these roof tiles make it hard to tell solar energy is being collected.
In the future, there's sure to be some crossover with Musk's other business interests. In particularSpaceXand potentiallyHyperloopif it gains momentum as a transport network.
The new, shorter Tesla Inc. name became effective on Feb. 1. However, a visit toTesla's websitestill puts vehicles front and center, and it seems likely that will be the case for some time to come.
