Summary After experiencing tremendous growth in the past few years‚ Tesla needs to contemplate on the idea of becoming an auto industry giant. In its current situation‚ Tesla cannot achieve that monumental goal because its cars are too expensive for the average consumer. According to USA Today the average price of new car is $31‚252. The basic Model S costs $62‚400‚ which puts it out of the reach of the average consumer. Tesla cannot become like their counterparts at Ford or GM‚ unless they start
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13 C. Cultural Forces 14 D. Demographic Forces 14 E. Environmental Forces 16 F. Political Forces 17 G. Legal Forces 19 H. Governmental Forces 20 I. Other Factors…………………………………………………………………………..22 III. INDUSTRY ANALYSIS 23 A. Definition of the Industry 23 B. Market Analysis 25 1 Products/Services 25 2. Price 25 3. Promotion 26 4. Place…………………………………………………………………………………..26 5. Customer/Target Market 26 6. Competition (Use Porter’s 5 Forces of Competitive
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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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A. Background Tesla Motors‚ Inc. is an American company that designs‚ manufactures and sells electric cars and electric vehicle power train components. Tesla Motors is a public company that trades on the NASDAQ stock exchange under the symbol TSLA. Tesla was founded in 2003 by Elon Musk‚ Martin Eberhard‚ Marc Tarpenning‚ JB Straubel‚ and Ian Wright. The headquarters of Tesla Motor located in Palo Alto‚ California‚ USA. Tesla has served in many countries‚ such as United States‚ Canada‚ Japan‚ Australia
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Product Demand – Tesla Roadster The Tesla Roadster is valued at £87‚945 with a £10‚000 deposit‚ in comparison to other electric vehicles this can be seen as a fairly expensive‚ because of this price the Tesla Roadster would follow an inelastic demand curve where a change in price would not drastically affect the demand‚ this is because there is not a large range of alternatives consumers can choose from at this price range for electric vehicles. Willingness to pay and demand for the car are
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that countries have experienced an increase in their production thus redefining tomorrow’s automobile and transportation industry. This year‚ the global production of EV is predicted to rise by 67% (IHS‚ 2014). 1.1 Market Trends According to the Green Car Guide (2014)‚ top Battery Electric Vehicles (BEVs) models include the BMW I3‚ Renault Zoe‚ Nissan Leaf and the Tesla Model S. In 2012‚ 90% of the EVs were present in the US (38%)‚ Asia (31%) and Europe (21%) (IEA‚ 2013; see figure 1 in appendix)
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Business Strategy Case Study-TESLA Team 1: Nitin Majgi Ben Kempenich Nomi Lee David Daar Should Tesla move start to produce gasoline or hybrid powered vehicles? Competitors: Tesla Motors has a focus of differentiation strategy‚ concentrating only on small group of people‚ who are rich and environmental conscious‚ attracted by stylish and beautiful looks of its cars. Because‚ it will be hard to reach out and compete with other auto-manufactured brands as
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Redlands Capstone Paper General Motors and Tesla Merger Juan Carrillo‚ Shane Cheek‚ Jeffrey Haynes‚ and Peter Delacruz February 23‚ 2013 Dear Fellow Shareholders: A meeting of Shareholders is scheduled for Saturday‚ February 23‚ 2013. Enclosed is a copy of our proxy statement. At this meeting of shareholders‚ the Board of Directors will be seeking approval to acquire Tesla Motors. The Board of Directors believes that this merger will provide General Motors revenue‚ growth‚ and competitive
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Introduction Brief history of the company Tesla Motors‚ Inc. is an American company that was founded in 2003. The driving idea behind the venture was proving electric vehicles could be a viable substitute of the gasoline powered cars without sacrificing comfort‚ performance or luxury. Apart from the core function of designing and producing electric cars‚ Tesla also provides advance electric vehicle powertrain components and know-how to other automakers‚ which are looking into venturing in
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Introduction The case on the global automobile industry demonstrated by lowering cost through innovative production without sacrificing quality is the defining characteristic in a successful company. I found this case interesting because it characterized a successful automobile producer as one that will cut cost in an innovative approach to deal with a market that is constantly changing. The innovation in producing automobiles started with Ford through mass production and continued all the way to
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