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Essay on Tesla Motors Situation Analysis
Tesla motors inc case study
Tesla motors inc case study
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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.
Tesla aims to design and sells high-performance, super efficient electric car. Tesla
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However, there are several external environments that we have to concern. Technological factors are likely to shape the competitive conditions and are the risks involving in auditing. The Autopilot is one of Tesla vehicle’s feature. The Autopilot of Tesla has different technologies than other cars. “Tesla 's Autopilot is a suite of different technologies including the automatic lane-keeping assistance, automatic emergency braking, and advanced cruise control which automatically maintains a safe distance behind cars ahead on the highway.” Tesla’s autopilot system allow drivers to keep their hand off the steering wheel, which makes Tesla more humanized. However, Autopilot is not the perfect at all. There is a news in June involving Autopilot that caused car accident. I think that the Autopilot system is still blamed for some reasons. And the incident will inevitably raise questions about the performance of the technology in the future. Customers may think the system of Autopilot will make them in danger. However, Autopilot system of Tesla is a breakthrough technology for electric vehicles in the market. Environmental and Social factor are another two challenging for the …show more content…
So after few months, the CEO of Tesla announced to improve Autopilot. From the CNN news, one article called “Tesla: Autopilot improvement coming” talks about Tesla will come out a new system to prevent the risk of crashing when drivers use Autopilot. “Tesla will roll out “major improvements” to its so-called Autopilot software with new versions of the software that will soon be download to owners’ Model S and Model X electric vehicles, CEO Elon Musk said Wednesday on Twitter.” I think the company is expanding and updating the information technology. The new system may improve the stability and operation of Tesla vehicles but the system still can’t confirm there will not happened the accident again. If these technology systems are not successful, the business and operation could be disrupted and the operating results could be harmed. Because the new system support the company to produce new vehicles in the future, which management time, cost, data experiment, and so on. If the company can’t figure out the problem of Autopilot or other technology problem, these risks may affect us to report financial statement accurately and
Support Detail 1: Now, cars are starting use a similar autopilot system as an aircraft uses the similar systems (Schmidt 230). Technology leaps to new grounds taking out the unnecessary dangers and hours of driving. Do opinions and views differ on the countries?
Drunk driving, sleeping at the wheel, and loss of control of a vehicle could be a thing of the past when it comes to new innovations being made towards self-driving cars. When one thinks of a “self-driving” car, it means not having to pay attention to the actual driving and going about putting make-up on or playing on your phone while the car takes you where you want to go, sounds completely sci-fi, but it is likely to happen in the near future. With advances in technology, the car is able to use satellites, cameras, and sensors to take the driver where he or she needs to go. Many companies are researching, manufacturing, and testing different
When the Tesla Model S was first released, Consumer Reports named the Electric Vehicle (EV) the most remarkable auto ever tested. The consumer protection publication; that has been looking out for their readers since 1936; said that the Flagship vehicle from Elon Musk’s Motor Company, was essentially flawless. Its performance on the track and in safety testing was second to none. However, due to a drop in quality class; from average to below; the Tesla Model S has been removed from Consumer Reports’ Recommended List.
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
The editorial board from the NY Times published an editorial titled “Lessons From the Tesla Crash” on July 11, 2016 which talks about the state of assisted driving features on newer models of cars. The board comes to a conclusion that having assisted driving features can make cars “more dangerous” and there must be rules set in place from The National Highway Traffic Safety Administration. According to the editorial these new rules would be set upon the manufacturer's teams to make sure that the systems are outfitted with “better testing and regulations”. The editorial prompts the agency to “take lessons from the history of airbags and the lack of strong regulations” and apply these past mistakes to better prepare society for this new technology.
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).
Tesla tightened safety precautions after the accident and made it impossible to take your hands off the steering wheel for a longer period. The Group had always stressed that the autopilot assistant did not commit a Tesla a self-propelled car. However, drivers had repeatedly left the system in control, as YouTube videos proved. The family of the Tesla driver who died said before the NTSB conclusions were published: "We have repeatedly heard that the car killed our son. It is just not the case.
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.
In July 12, The New York Times reported a news: “Inside the self-driving Tesla fatal accident”, which again caused enormous debates on whether self-driving cars should be legal or not.
Companies like Google, Tesla and Nissan, among others, have announced over the past few years that their companies are trying to develop self-driving or autonomous cars [Ref. 1 and 2]. Self-driving cars can provide many benefits to the average consumer. Studies have shown that because computers can react and process information many times faster than a human being, crashes on streets and roads can be decreased with quick and consistent evasion maneuvers by the autonomous car. They can also help maximize fuel economy by calculating the most direct and fastest routes. When the driving of an autonomous car demonstrates that the computer can safely and reliably transport the passengers to their destination, this frees up the passengers to do other things that they would not normally be able to do if they were driving the car manually. For this reason, self-driving cars can help maximize productivity of their passengers.
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.
Self-driving cars are the wave of the future. There is much debate regarding the impact a self-driving car will have on our society and economy. Some experts believe fully autonomous vehicles will be on the road in the next 5-10 years (Anderson). This means a vehicle will be able to drive on the road without a driver or any passengers. Like any groundbreaking technology, there is a fear of the unforeseen problems. Therefore, there will need to be extensive testing before anyone can feel safe with a vehicle of this style on the road. It will also take time for this type of technology to become financially accessible to the masses, but again alike any technology with time it should be possible. Once the safety concern has been fully addressed
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.
Automotive executives touting self-driving cars as a way to make commuting more productive or relaxing may want to consider another potential marketing pitch: safety (Hirschauge, 2016). The biggest reason why these cars will make a safer world is that accident rates will enormously drop. There is a lot of bad behavior a driver exhibit behind the wheel, and a computer is actually an ideal motorist. Since 81 percent of car crashes are the result of human error, computers would take a lot of danger out of the equation entirely. Also, some of the major causes of accidents are drivers who become ill at the time of driving. Some of the examples of this would be a seizure, heart attack, diabetic reactions, fainting, and high or low blood pressure. Autonomous cars will surely remedy these types of occurrences making us
The vehicles created by the company adhere to the environmental, safety and durability standards of America. The vehicles include safety features such as airbags, side impact protection and front crumple zones among others. One of the aims of Tesla Motors is to go green and ensure sustainability. The company has grown in the business of going green through the creation of efficient and sustainable vehicles. This paper seeks to look into the sustainable business of Tesla.