Tesla Motors Case Study
Tesla motors is a company that produces and sells automobiles. Tesla is not any 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. A tesla is a vehicle, an all-electric vehicle that combines safety, performance, and efficiency. In 2016 Tesla’s annual revenue totaled to 7 billion dollars. Tesla is a profitable company. Tesla has seen potential growth in annual gross income, since 2012 from earning 30 million dollars to 2016 earning 1.5 billion in annual gross income. (1) The Tesla factory is located
Automobiles are 100% ran on electric, they include wireless updates, auto pilot, massive batteries, chargers, and the design. The model 3 features a price point that is very similar to a gas-powered car in the modern century. The back seats are ultra-modern that can accommodate baby seats and the back seats can be folded down to produce more trunk space just like cars today. There are many more aspects about the model 3 that make it futuristic. The model 3 can go 0 to 60 in under 5.1 seconds for an electric car. The interior features a 15-inch tablet and the roof is basically all glass. It features new door handles that is flush with the doors but when pushed in the right corner the handle will pop out and you can use it normally. (4) Tesla is still manufacturing the models S,3, and X. There are many benefits to self-driving cars. Some of these benefits would include having fewer accidents, less traffic congestion, increased highway captivity, lower fuel consumption, and enhanced human productivity. (5) Self-driving cars seem to be at the forefront for innovation and safety. Self-driving cars are revolutionizing how we will get around for decades to come. They include the top innovation and technology that we have to offer, and will be the largest innovation since Henry Ford’s assembly line.
Elon musk is considered visionary entrepreneur, because he is a risk taker and a billionaire entrepreneur. He is CEO of many companies and inspires people to follow their dreams and to maybe be as successful as him. His journey and all his success speaks for itself. His vision for Tesla Motor’s is to produce high efficiency low cost vehicles to reduce gas emission lowering pollution and to move toward a safer renewable world. His main goal is to transition into more sustainable energy and to be less reliant on fossil fuels. Elon is most notorious for his CEO position in Tesla Motors, but he is involved with much more than Tesla. He is involved with SpaceX, The Boring Company, and SolarCity. He is leveraging all aspects of innovation through so many different companies and organizations. Including vehicle production, rocket production, and Hyperloop production. Elon and his team introduce many innovative features to all these different aspects across all levels.
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.
Nikola Tesla (1856-1943) was an eccentric man that was many lifetimes ahead of his generation. He was a man that dreamed of giving the world an unlimited supply of wireless energy. His genius imagination allowed him to think outside the box and solve issues that others had thought were unsolvable. Nikola Tesla proposed his vision for a system powered by an alternating current generator to Thomas Edison and was shot down because Thomas Edison’s power structure had already been established using a direct current system. The two butt heads however Nikola Tesla was relentless. After being used and rejected by Thomas Edison, Nikola Tesla picked himself and went toe to toe with the most prolific inventor. The stage for David vs Goliath was set. Through Nikola Tesla’s borderline obsession to solve the design for an alternating current motor and sacrificing his own opportunity to become a wealthy man, we now live in a very efficient world where everyone reaps the rewards of his genius, few know his name, and even fewer know what he did.
Tesla Motors was founded in 2003 by a group of intrepid Silicon Valley engineers led by successful business owner, Elon Musk as another one of his top successful ventures over recent years past. They utilized Nikola Tesla into their brand name because their engine model was created using his personal models and technology. Musk’s goal revolves around accelerating the world’s transition towards electric mobility through providing a range of increasingly affordable electric vehicles, while simultaneously catalyzing innovation within the industry. The company designs, manufactures and sells electric vehicles and electric vehicle powertrain components. They are also the only automaker providing highway capable electric vehicles in North America and Europe. According to recent paperwork filed with the US Securities and Exchange Commission, Tesla produces at least 15 cars per week — mostly custom-ordered vehicles manufactured to owners' specifications.
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,
Tesla growth is highly dependent upon the adoption by consumers of alternative fuel vehicles in general and electric vehicles in particular. If the market for electric vehicles does not develop as we expect, or develops more slowly than it expects, business, prospects, financial condition and operating results will be harmed.
Electric cars are attempting to bring on an uprising. A modern company, Tesla Motors, is bringing the all-electric car to life. Tesla has been very successful in the past couple of years, engineering a vehicle that will impress safety standards. Although it has been quite a bumpy ride along the way for CEO and founder Elon Musk of Tesla Motors. Tesla has big plans for the future. However, the plans will not be necessary unless Tesla is allowed to sell their vehicles directly to the consumer and not through dealerships.
The contraposition for Tesla Motors is the rapid service received. Despite not having a traditional infrastructure, the company beats it opponents in its operational expeditiousness. The Palo Alto automaker’s response time for issues is often overnight, and always beyond convention. One customer with some play in his gears had his entire drivetrain replaced.
Tesla Moter, Inc. is an American company founded in 2003 by a group of engineers in Silicon Valley. The engineers proved that the electric cars could be better than gasoline-powered cars. Tesla not just designs and produces electrics cars, but it also provides technology and energy innovation to other automakers. The company is expanding its manufacture into other areas including Tilburg and Lathrop. Tesla Motor’s headquarters is located in Palo Alto, California, and it has world-wide subsidiaries in North America, Europe and Asia. And it has 200 stores and galleries, 120 of which are outside the USA, and more stores will open in the future around the world.
The focus of Tesla Company is on a niche in the automotive industry, which is building and selling electric cars. To a company like General Motors, the electric cars line of business is considered a side business, hence it only needs to study the patterns of Tesla’s cars then build on of its kind that will take Tesla out of business (Debord, 2015).
Tesla Motors Inc. is an American public company which is known worldwide because of its experience in designing, manufacturing and also the selling of electric cars and electric components for vehicles. The motor was started back in the year 2003 in San Carlos, California in the United States (Teslamotors.com, 2014). The company had its headquarters in Palo Alto and at the time of its inception, Elon Musk was its chief executive officer (CEO) (Hunger, 2010).
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,
Electric cars are becoming increasingly more necessary, and have more advantages than disadvantages. Electric cars help to decrease the noise, pollution as they are much quieter. They do not emit any (or much less) carbon emission than petrol cars. Electric vehicles are the greenest mode of transport in the personal transportation industry. For each litre of fuel used in an engine produces more than 2.5kg of CO2. CO2 will be produced by an electric car but still a very little amount. It is also possible to use renewable power or a green energy supplier in the electric car. Thus it would lead to less polluted and safe working environment for all of us. However, safety is a big concern with using vehicles. The fluids in the batteries actually take impact better than a fully made gas car because it is not that flammable. Petrol cars and diesel cars are more flammable than electric cars so they are greater of taking impact in the event of an accident. I think that this is a very good reason because fewer people would get injured or hurt. This would save money because electricity is cheaper than gas and electric cars are easy to operate. Also is very ECO –friendly which mean that it is cheaper to run and have to pay very little road tax. In a pure electric vehicle there’s nothing combustible and have far fewer moving parts than you would find in a petrol or diesel car.
Manufacturing will run on 100% renewable energy helping our environment a lot. As of the year 2018 almost 500,000 cars should be produced. Tesla’s market value is $33.5 billion. Tesla’s stock market has risen over 1000% since 2012. To start tesla Elon Musk invested $70 million of his own money. Elon Musk is a successful businessman with 4 companies valuations over $1 billion. Elon Musk has a networth of $12.1 billion. Many of the Tesla sale models are illegal in many U.S.
Tesla Motors is a California based pioneer in the manufacture of electric vehicles. The company pursues the goal of transitioning the world to a sustainable means of transport with a range of affordable electric cars. Tesla Motors started out as a company in the year 2003. It was founded by Mark Tarpenning and Martin Eberhand for the creation of efficient electric cars. The company’s chairman is Elon Musk, who has spearheaded the company’s major investments and has also been instrumental in the company’s product and corporate development. Tesla Motors is a large company and employs over 80 people including in U.K., Taiwan and California. The groups of employees reflect the nature of the vehicles of the company since they have diverse experience in software, automation and electronics.
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.