Tesla Motors changes its name to remove the word "car": its ambition has no boundaries

Tesla Motors Inc, a well-known American innovative technology company, officially announced on Wednesday (February 1) that it would remove the word "Motors" from its registered name, which means "car", and change it to Tesla Inc. The company's change indicates that executive Elon Musk is ready to push the company's development into other fields besides automobiles.

Musk did not have an easy time in the second half of 2016. Tesla's turnover had been in the red for more than a dozen consecutive quarters. Although investors still had some confidence in him as an emerging technology innovation company, Tesla's financial backers were not willing to make further investments.

Tesla's sister company, SolarCity Corp, which mainly produces solar energy technology, has been on the verge of collapse recently. As one of SolarCity Corp's shareholders and the cousin of SolarCity Corp's CEO, Musk is very eager to save his brother's company by acquiring SolarCity Corp through Tesla. However, this decision did not receive much support from Tesla's shareholders. In the end, Musk tried every possible means to obtain the approval of shareholders in November, which fulfilled his wish.

However, the merger only solved SolarCity Corp's short-term financial problems. In the long run, Tesla's main electric vehicle products and SolarCity Corp's solar cell products are not profitable yet. Musk has always been regarded as a genius in American innovative technology. He has a unique vision for investment in electric vehicles, clean energy and aerospace technology. But to realize the dream of the future, the actual development of the company is still needed.

Tesla's name change will take effect on Wednesday, February 1. Tesla's stock fell 0.67% on this trading day. However, the company's stock has been rising since December last year and currently remains above $250 per share.

One possible positive factor for the company is Musk's current relationship with the new US President Trump. Musk has participated in many meetings between Trump and corporate executives and actively reached out to the president who has vowed to bring jobs back to the United States. Many people believe that Musk's attitude may give Tesla some advantages in Trump's new policy reforms, which may be a turning point for Tesla, whose current financial report is not ideal.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.