Why Elon Musk Named His Company Tesla? [Explained]

Why Elon Musk Named His Company Tesla

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Everyone is well aware of Tesla Motors. This company was founded in 2003 not by Elon Musk but by Martin Eberhard and Marc Tarpenning as Tesla Motors. In just a very short amount of time, this company started ruling the world. And now, as we can see, Tesla has overpowered the market by its improvising technology and mind-blowing ideas. This company stands for its uniqueness and innovations. It serves the purpose to move to sustainable transport and energy, obtained via electric vehicles and solar power. So, let’s dig deeper into where Elon Musk came into the story and why Elon Musk named his company Tesla.

Why Elon Musk Named His Company Tesla?

Elon Musk didn’t name it Tesla Motors, because he wasn’t the founder. He was just an early investor. He became the Chairman of the board at Tesla in 2004. Elon musk invested in the company much later after they named it Tesla Motors and played an important role in the popularity of Tesla.

Eberhard and Tarpenning were confused that whether they should name the company after Michael Faraday or Nikola Tesla.

Who was Nikola Tesla?

Nikola Tesla was born in July and he was one of the greatest inventors. He was an electrical engineer who belonged to Serbian culture. Tesla studied Physics in 1870 without receiving any degree. Here are some of the inventions of Nikola Tesla –

  • The Tesla coil
  • The Tesla Turbine
  • Neon lamp
  • Induction motor
  • Niagara falls transformer house
  • Alternating Current

Why Is Tesla Called Tesla?

Tesla Motors is the one and only oldest publicly listed American Automaker. Tesla Motors is based in Silicon Valley. Elon Musk became the CEO of Tesla in 2008. He renamed it, Tesla, Inc. from Tesla Motors in 2017. He renamed the company to simply make the company focus on a wider group of things rather than just motors. Tesla started making Solar Roofs, House Powering Batteries, and much more.

Back in the time when there was hardly any Electric vehicle; Eberhard wanted to have the most energy-efficient car. He didn’t want to buy a gas car because it is just barely 25-30% efficient. And the other option like Hydrogen-powered vehicle is also 25-30% efficient. AC Propulsion’s tzero impressed Eberhard & Tarpenning quite a lot; so they wanted Tesla Motors to make high energy-efficient electric vehicles.

TZero

Most people believe that tons of DC batteries are required in electric cars and they don’t think much about what happens to the mechanism of the cars. The reality is that electric cars function on AC. For this DC battery power has to be converted into AC to make the electric motors run.

Thomas Edison was known for DC (direct current) and Nikola Tesla for AC (alternating current).

Tesla Motor Achievements

Tesla Motors’ stock is the third most shorted on the American stock exchanges: 52.9% shares of float. This company is one of the most successful companies and the name of Nikola Tesla proved to be quite lucky for this company; as it is setting milestones one after another.

  • Self-Driving

It has a self-driving beta version that drives all the attention of drivers worldwide.

  • Selling Cars

This company targets their sale. They targeted that by 2020 they will be able to sell 500 cars. And, Tesla is quite close to the number as they have shipped 455 cars globally.

  • Launch of The Tesla Model Y

In January 2020; Tesla launched the 5th edition of the car which was quite successful in the market too.

  • Tesla Semi Truck

They admitted that they would definitely launch a battery-powered truck. In 2019, This truck was all ready to get worked on by the engineers.

Conclusion

Tesla was one of the most underrated scientists of this world, he provided better electricity and technology to the world. Tesla Motors is named after him to give him a tribute. So, now you know why Elon Musk named his company Tesla. If you like this article, please tell us in the comment section.

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Elon Musk has 155 IQ.

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