Strategy is the key to success. Tesla Motors has separated from the competition in the automobile industry. The question is how and why It all comes to the type of strategy the company has implemented and what makes them different form their competitors. In todays global economy having a unique strategy on how to market to customers is very important. The customer needs will always change due to changes in their environment. This is why it is important to develop a strategy that fits the needs of
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SWOT Analysis: TESLA MOTORS By Xin Xiong August 10th 2014 Company Overview Founded in 2003 and based in Palo Alto‚ Tesla Motors is one of the leading high-tech automobile companies‚ which produce the fully electrical vehicles and powertrain elements. The company runs operations in 31 countries and hires over 6‚000 staff around the world. Tesla Motors has an increasingly high growth rate‚ recording its revenues of 2‚013‚496 in 2013 (See Figure 1). Sales of its current model‚ Tesla Model S‚ reach
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INTRODUCTION Tesla Motors is a global enterprise specializing in the design‚ production‚ and marketing of electric powered vehicles founded in 2003 by the young businessman‚ Elon Musk. Elon is well known for co-founding paypal‚ and now he amazes the world again with his incredible vision of Tesla Motors‚ and being the main product architect. Tesla Motors appeals to the environmentally friendly market‚ by currently being the only company to sell a zero-emission sports car. Tesla’s fundamental
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Andrew Martin COMM 336 Informative Paper 4/4/2013 Tesla Motors Tesla Motors is a car company that designs‚ manufactures and sells electric vehicles. This public company was founded in 2003 by Ian Wright‚ JB Straubel‚ Marc Tarpenning‚ Martin Eberhard and most notably Elon Musk. Its headquarters is located in Palo Alto‚ California‚ with its main production plant in Fremont‚ California. The company was named after Nikola Tesla‚ a renowned electrical engineer and physicist. Its goal is to
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Course: Commerce 101 Section: 7 Student Number: 12679149 Assignment title: SWOT Analysis Strengths Opportunities First in the market – Tesla Motors have the opportunity to strengthen their position as the ‘pioneer’ of electric cars as they are one of the first firms to cater for the premium electrified vehicles market. Foothold in China – Tesla and China Unicom has teamed up to build over 400 charging stations in 120 cities. China Unicom’s interest depicted through the corporation’s willingness
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April 9‚ 2013 E Block The Madness Of Nikola Tesla ! In “Tesla Man Out Of Time” by Margaret Cheney‚ Nikola Tesla was personified as an erratic and eccentric innovator . Along with crazy electric experiments and bizarre OCD fits‚ Tesla did invent marvelous inventions. These include the radio‚ Tesla Coil‚ alternating current (AC)‚ X-rays‚ and arguably a death ray. The radio was not invented by Tesla‚ rather it was revolutionized by Tesla. In the late 19th century radios were almost like telegraphs
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Technology factors: · Technology is highly used and thus ready to assist in the availability of these cars. Ecological factors: · The cars that are produced by tesla are environmentally friendly. Legal factors: · The regulations in the U.S. help the growth of such a business. 2.For the Tesla Company‚ in order to analyze the industry’s environment‚ one has to cover each aspect of the Porter’s 5 forces. First force is the competitive rivalry which is considered very high
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Nikola Tesla was a Serbian-American inventor and electrical engineer who contributed to the American society through power sources. Nikola Tesla was an individual of change because he made the Alternating current power generator which we use today‚ and left an age of new possibilities‚ power‚ and energy sources. At this time Tesla was competing with edison‚ Thomas Alva Edison was an American inventor and businessman‚ who has been described as America’s greatest inventor. Tesla leaves many legacies
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TESLA Motors IPO June 2010 By: Brad Taylor Tesla Motors‚ Inc. was formed in 2003 to design and produce affordable EV’s (electric vehicle) and sell into the mainstream market place. The company is in the auto manufacturing industry and the consumer goods sector. To sustain its significant cash flow needs to support its heavy research and development spending and growing infrastructure needs (dealerships)‚ the company completed a public offering in June of 2010 where it sold 13.3 M shares
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Tesla Motors was not really challenged the way other innovative ideas have been in the past‚ however it was repeatedly dismissed. Before the Roadster came out people put the idea of an practical electric auto into the boondoggle category. After it came out detractors denounced it as a niche market car. Belittled Tesla Motors by implying they had only succeeded in editing a Lotus Elise into an electric go-kart. After the Tesla Model S was released the tune changed drastically. For the first time
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