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Tesla swot analysis paper
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Tesla Final Project For the strategy project I decide to write on Tesla. The industry in which Tesla competes is the auto industry as well as alternative energy industry. It is mostly known for the work that it does in the Automobile industry. The industry has been mainly dominated by the “Big Three” more specifically Ford, General Motors, and Dodge. I chose to do my strategy project on Tesla because it has revolutionized the automotive industry from its use of a battery to power a car to production of a giga auto manufacturing plant with the lowest carbon foot print. Tesla is interesting to me because I have been waiting on them to release a car that is affordable and for the masses. I have been following the company for a while since …show more content…
Therefore revolutionizing the industry of space travel. Tesla is on the forefront of not only mass producing battery power cars that travel faster than the average car. While also being able to travel the same amount length as a gas powered car before needing to be recharged. They are also creating an industry from the ground up by having to add enough charging stations nationwide to help achieve the goal of competing in the auto industry. Tesla is also on the forefront of making alternative energy use possible for powering and making homes, business, and factories that are completely off the grid. The data that is advisable for me to develop my analysis I will use new coverage from all the major networks, the Tesla's website for their mission statement, future goals, and for future acquisitions, Kelly Blue Book for the value of cars as well as reviews, and Forbes. I develop and analysis of Tesla by preforming a SWOT Analysis, looking into the strategic management plans they have in place, and a look into their …show more content…
Even though that was the first accident that was a result of the new trend. There are still only a few states that even have laws in place to make it legal to use autopilot on cars. Even though future laws are pending every single car maker still has some sort of autonomous feature placed in future cars. I do believe that once the new laws are released and Tesla does an update to their Auto pilot system cars driven by people in the future will be a farfetched idea. The conclusion that can be drawn from the steep analysis is that autopilot seems like a scary new trend but their will come a time when it will totally illegal for a person to take control of their car unless in emergency situations. All new technologies have to be tweaked and updated until it able to perform at the level that both the government and the firm sees
All my money has been invested into experiments with which I have made new discoveries enabling mankind to have a little easier life,” Tesla (1927). This philosophy of Tesla hold true on both accounts, Tesla did make life easier for mankind and he did invest all his money attempting to accomplish that task. “Despite his accomplishments, however, Tesla died penniless and without the accolades that would he would ultimately earn over a century later,” according to Whipps (2014). Aside from the above quote which reminds us of how determined Tesla was, we have various technologies that current culture utilizes on an everyday basis which solidifies his importance on society. For example, Tesla is responsible solely for or developing the technology or methods which enable, alternating current, light, x-rays, radios, remote controls, electric motors, robotics, lasers, wireless communications and potential limitless free energy. An argument could be made that Tesla has had such a profound influence on our society that the inevitable switch to battery operated, fully automatized motor vehicles is led by a company which utilizes the brand name of
Even though there are competitors in the electric powered automotive market, no one else manufactures and supplies their own battery pack to power the vehicle. Tesla’s exclusive technology creates entry into the electrically powered luxury automotive market extremely difficult. The ease of entry categorizes Tesla as an Oligopoly market structure. As mentioned above, although there are other competitors inside the electric powered automotive industry, Tesla is the only one designing and manufacturing their own powertrain components for the cars to operate. Categorizing them with all other alternative fuel brands gives the company a “false picture of the market Tesla is trying to capture.” (Speculations,
Another incredibly talented and well- known inventor is none other than Nikola Tesla. Tesla was born in Smiljan, Lika, in the region of Croatia on July 10, 1856. His father was an Orthodox priest, and his mother was a house hold appliance inventor. As a child he was known for being ingenious and obsessive. Tesla was a very fast-paced and obsessive learner. He often pulled all-nighters, or functioned with only a few hours of sleep. Tesla loved challenging the standard theories, along with improving and advancing them. Unfortunately, his obsessiveness with subjects and challenges caused him to develop Obsessive Compulsive Disorder. (SOURCE). As a young adult, he took classes at the Realschule, Karlstadt iin 1873, and although he started his career
Nikola Tesla was a Serbian American inventor, electrical engineer, mechanical engineer and physicist. He was also considered an eccentric genius and recluse. Tesla is best known for his feud with Thomas Edison over AC power Versus DC Power. He was also well known for inventing the Tesla Coil which is still used in radio technology today. Nikola Tesla was mostly forgotten until the 1990’s when there was a resurgence of interest in popular culture.
Tesla Motors Case Study Tesla Motors is a company that produces and sells automobiles. Tesla is not an old automobile company. Tesla specializes in all electric cars that run 100 percent on battery and focuses on the future. Tesla is looking into the future and realizes that fossil fuels will eventually run out. Tesla is moving toward a zero-emission future for the better.
Portfolio Project: Tesla Motors Case Study Tesla Motors (Tesla), founded in 2003 by Elon Musk, is an automotive company focused on enhancing Electric Vehicle market by creating optimum performance, all electric, vehicles for every class of consumer (Tesla Motors, 2015). In order to achieve such ambitious goals, Tesla Motors not only designs, but also manufactures, and personally sells the company’s electric vehicles (Hirsch, 2015). As additional quality assurance, Tesla Motors also designs, manufactures, and sells, electric vehicle power-train components, and battery products (Hirsch, 2015). Yet, despite the pivotal role Tesla’s self curated products play in the success of Tesla’s vehicles, the socially responsible company does not privatize Apart from Musk’s concise vision statement Tesla has a truly inspiring mission statement, “At the core, Tesla Motors believes that electric cars should not be perceived as a sacrificial mode of transportation. Tesla Motors has brought the best of both the automotive and technological worlds together by permanently etching the image of electric cars being a step backwards in performance, efficiency, and design” (Tesla Motors, Chiefly, and most apparently, it is the goal of Tesla Motor to generate demand for Tesla vehicles (Andrade, Holloway, Payne, Roy & Sheffield, 2015).
In the recent past, Tesla has been noted as a great competitor in the automotive industry. This is attributed to its three huge competitive advantages. Generally, the advantage lies in its ability to bring about innovative disruption in the industry. This include; a strong battery supply chain that is sustainable in itself, a supercharger network celebrated by the customers and a software system several leagues ahead of its competitors (Zach, 2015).
“Money does not represent such a value as men have placed upon it. All my money has been invested into experiments with which I have made new discoveries enabling mankind to have a little easier life.” (Politika, 1927) During his 86 years Nikola Tesla obtained around 300 patents worldwide for his inventions, while many inventions developed by Tesla were not patent protected. Tesla’s inventions ranged from alternating current motors to a World Wireless System which is a proposed telecommunications and electrical power delivery system and Teleforce which is a self-defense weapon system that used pellets or slugs that were accelerated to a high velocity in a vacuum chamber then fired out of nozzles that would aim at the target. (Glenn,
Tesla Motors initially gained widespread attention by manufacturing the Tesla Roadster, the primary totally electrical sports automobile. The company's second vehicle was the Model S, a completely electrical luxury sedan. Tesla additionally markets electrical powertrain elements, as well as lithium-ion battery packs, to automakers, as well as engineer and Toyota. Tesla's CEO, Elon Musk, has said he envisions Tesla as an independent maker, geared toward eventually providing electrical cars worth cheap to the typical client.
Tesla will help improve the environment by reducing air pollution and by reducing fossil fuel usage by using electricity instead of gasoline. This will make the world a safer and more efficient environment. This will further improve how our future
This has resulted in exposing many automobile users to unpredictable prices of fuel. These issues were, however, the reason for the inception of Tesla Motors so as to bring into existence another set of automotive which serves the similar purpose but uses another form of energy that is electricity to drive them instead of the disadvantageous gasoline-powered engine. This invention was influenced by a number of factors in terms of its planning and performance (Hunger, 2010). Factors affecting Tesla’s planning and performance. The success of any organization, just like the Tesla Motor, largely depends on the planning of the activities by the management team in the company.
Tesla has managed to build a notable brand name for itself not in the electric car market, but in the overall automotive industry. Its brand performance offers a robust, reliable and unique image that gives customers the satisfaction that electric cars can be stylish, reliable, hassle-free and much less bulky than internal combustion engine vehicles.
In this report, we adopt SWOT analysis to determine the strategic fit between the company’s internal, distinctive capabilities and external threats in the current market. Recommendations were provided in the later part of the report on the possible approach to tap on external market opportunity and our suggestion to resolve current issues faced by the company.
Tesla is highly recognized for its excellent lead in the enhancement of a sustainable future. In summary, there is a need for protecting the environment to become cleaner, greener and sustainable one. With the number of vehicles that operate globally on petroleum and diesel, the environment will be wasted and totally degraded in a short time. It is important to apply such new technologies for the better of the future. Tesla been a pioneer in this industry has brought about changes that can be applied to change the world. For this reason, as many companies as possible should embrace the strategy of Tesla in the development of a sustainable future.
The Capital investment, skilled and licensed labour force, technological advancements, working with good quality suppliers is considered big barriers of entry into this industry. The future requirement of electric cars and hybrid vehicles has opened this industry to some new entrants like Tesla.