Tesla Motors Inc. (NASDAQ:TSLA) Changed its Name, Now Tesla Inc

Tesla Motors Inc. (NASDAQ:TSLA) Changed its Name, Now Tesla Inc

Tesla Motors (NASDAQ:TSLA) Changed its Name, Now Tesla Inc

$TSLA

Tesla Motors Inc. (NASDAQ:TSLA) changed its name to “Tesla Inc” as CEO Elon Musk looks to transform the Silicon Valley firm from a micro-mini EV (electric car) maker to a diversified energy products company.

In October, Mr. Musk unveiled solar-powered roof tiles that eliminate the need for traditional panels and a longer-lasting home battery illustrating the benefits of combining his EV and battery maker with solar installer SolarCity Corp.

Tesla won approval in November from its shareholders to acquire SolarCity, for a stock swap deal worth about $2-B, in which Mr. Musk was the largest shareholder.

The new name, Tesla, Inc. came effective on 1 February Tesla said in its Wednesday, 1 February 2017 SEC filing.

Symbol Last Trade Date Change Open High Low Volume
NASDAQ:TSLA 249.24 1 February 2017 -2.69 253.05 253.2 249.05 3,944,400
HeffX-LTN Analysis for TSLA: Overall Short Intermediate Long
Bullish (0.34) Neutral (0.07) Bullish (0.35) Very Bullish (0.58)

Stay tuned, as Tesla EV’s motor off into the Sunset.

 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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