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Jerusalem Life

| Tesla aims at more than car sales in Israel

Janglo News    
Tuesday, 03 December 9:44 AM

Two weeks ago, US-based electric car maker Tesla (Nasdaq: TSLA) registered a wholly-owned subsidiary in Israel under the name Tesla Motors Israel. The reason for registering the company appears to be the regulations governing vehicle imports to Israel, which require the importer to be a company registered in Israel.

According to the entry in the registry of companies, the business of the company is "The importation, distribution, sale, maintenance and repair of electric vehicles and mobile energy storage systems, energy generation systems and equipment, including solar panels, solar energy systems, and/or other solar energy conversion systems, and in general all other energy generation systems, accompanying products, parts, accessories and accompanying equipment, and to develop, own, operate, purchase, sell, maintain, plan, engineer, obtain, build, install and order fixed energy storage systems, and energy generation systems and equipment (whether directly or by setting up special purpose entities formed for the purposes of maintaining assets as mentioned.)"

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