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Now it's official: Tesla has set up a local subsidiary in Israel - Walla! Business and Consumerism

2019-12-02T17:31:28.754Z

The incorporation documents reveal that the company plans to operate in Israel in the field of solar energy as well. Last month, Globes revealed that the company is preparing to enter Israel



Now it's official: Tesla has established a local subsidiary in Israel

The incorporation documents reveal that the company plans to operate in Israel in the field of solar energy as well. Last month, Globes revealed that the company is preparing to enter Israel

Ayalon Musk (Photo: AP)

Elon Musk on Wall Street, 2010 (Photo: AP)

About two weeks ago, Tesla registered a wholly owned subsidiary called "Tesla Motor Israel". The reason for listing the company is probably the vehicle import regulations in Israel, which require a car importer to be a company, registered in Israel.

According to the Companies Registrar, the Company's description is "Import, Distribution, Sale, Maintenance and Repair of Electric Vehicles and Stationary Energy Storage Equipment Systems, Energy Production Equipment, including Solar Panels, Solar Energy Systems, and / or Other Solar Energy Conversion Systems, and General All other energy production systems, related products, parts, accessories and related equipment, and to develop, own, operate, purchase, sell, maintain, design, engineer, obtain, build and install stationary energy storage systems, systems and equipment (directly) And through the establishment of special purpose entities created for the purpose of maintaining such assets) "

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The definition for the first time suggests that Tesla wants to operate in Israel not only in the field of electric vehicle marketing but also in the field of renewable energy, with emphasis on solar energy. It should be noted that Tesla also has a subsidiary engaged in the development and marketing of solar panels and advanced shingles, established in 2016, and recently began marketing a new and advanced generation of "solar glass roofs" that it claims to convert solar energy more efficiently than any other existing solution. Tesla's solution for private homes also integrates with innovative charging stations, which allow homeowners to store and use energy for home needs, such as car charging or home use, and not send solar power to the national grid as is customary. The venture began as a collaboration with SOLAR CITY, which Tesla acquired for $ 2.6 billion in 2016. The company's registered address in Israel is a law firm Naschitz Brandes, which represents Tesla in Israel.

As revealed in "Globes" in recent months, Tesla has made several preparatory moves for its entry into Israel, including contacts with sources in the charging industry as part of revenue for the company's unique charging network and publishing management and operational personnel recruits that were subsequently removed due to excess inquiries.

Source: walla

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