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Tesla Motors, an electric vehicle company owned by Elon Musk, finally owns Tesla.com, after a Silicon Valley engineer gave up the control over the domain name. Visitors who go to the said website will now be redirected to the company's official page, TeslaMotors.com.

Tesla's spokeperson Khobi Brooklyn confirmed the significant event on Friday, February 19, Tech Times reported. The said change in ownership of the domain name reportedly expands the business area of Tesla itself as it now reflects the company's growing emphasis of the inclusion of energy products as a core segment.

This fuels  rumors that the company might be changing its name from Tesla Motors to just Tesla for good. It was noted that last year, Musk was asked if he had the intention to change its name to Tesla to indicate that it would soon manufacture stationary batteries. He did claim that there was already domain problems that tiime. 

The new domain name, according to Business Insider, was owned by a Nikola Tesla enthusiast named Stu Grossman since 1992. It was noted to have been made private by the previous owner as he planned to turn it into a fansite, but it did not happen. 

John Berryhill, Grossman's lawyer, confirmed his client has been approached by several people, encouraging him to give up the domain name. "Mr. Grossman is an engineer and a big fan of Nikola Tesla," Berryhill said. "He's had it, and now Tesla the auto company got it," noting that this was a voluntary arrangement. 

Now, all web traffic from Tesla.com reroutes to TeslaMotors.com, Tech Crunch reports.

In related news, it was reported that Tesla is also likely to expand into other business areas as Elon Musk is planning to create a Tesla factory in the border region of China in mid 2016. With that, Tesla will have holding companies in several sectors.  There are no further details regarding this matter though.

Meanwhile, whether Tesla bought the domain name from Grossman is yet to be determined. There has been no announcement or explanation on the matter. Unfortunately, Grossman could not be reached for a comment while Tesla's representatives refuse to give one. Either way, it's a big win for the California-based company.