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Tesla Case Study Assignment Help
Tesla Inc. Company Overview
Tesla, Inc. is an American electronic and clean energy company car based in California. The company produces electronic products such as electric cars, solar panels, battery energy storage, and other green energy-related products. Tesla was founded in 2003 by a group of engineers who wanted to prove that electronic cars are better, quicker, and faster to drive than gasoline ones. Today, Tesla builds full-electric vehicles. In 2008, Tesla launched its first electronic powered power train. From there, Tesla designed the world’s first all-electric Sudden from scratch- the Model-S.
Model-S has gained a substantial market share for its performance, efficiency, and safety. The car acts as the world’s icon for the vehicle of the 21st century with the most extended range of electronic range of electric cars. Over time, Model-S from Tesla has improved software and architecture updates to an acceleration speed of 0-60 mph with 2.8 seconds. Since 2015, the company has extended its product line with Model X, Model 3, Tesla Semi, Model Y, and Cybertruck (Roberson, 2021; Tesla.com, 2018). As of March 2020, Tesla made sales of $26 billion. The company is valued at $773 billion.
Introduction to Tesla Case Study
Tesla, Inc., formally known as Tesla Motors, Inc., has become a world-leading company in innovative and innovative and energy solutions. The company has been an excellent opportunity to learn for students in the university. Tesla Inc. cases study provides students with real-life skills in opportunity analysis. Apart from the business perspective in the Tesla case study, the company includes insightful information about the future of cars and the environment.
According to Karamitsios (2013), the transport sector is the leading contributor to greenhouse gases globally. Automotive companies rely heavily on fossil fuel technology. Due to the environmental exposure caused by the emission of CO2 from cars, car manufacturers are required to implement environmentally friendly technologies in their products. Electronic vehicles have been described as the most appropriate solution to the problem. Tesla Inc. is one of the companies that have prioritized using electronic cars as the primary energy source. The company has gained interest in many scholars due to its use of the latest technology, such as AI.
Lessons from Tesla Approach to Innovation
In a review conducted by Furr & Dyer (2020), few companies have adopted new technology and innovation as Tesla. Based on the case study of Tesla, it is evident that Elon Musk is a master in building and using innovation capital to gain support. Elon Musk has shown success in his PayPal and Space X projects and demonstrated success in future projects. One thing about Musk is that he makes sure that he materializes his ideas by putting the ideas into physical form.
Tesla makes unique not the finished products but the architecture used to produce the electronic vehicles. As a result, Tesla has more software than the average vehicle, integrated around a single central software architecture. Despite that most gas-powered cars include software component, Tesla cars has a more complex architecture, making it hard for them to imitate Tesla’s ability to optimize vehicle performance and update software.
Tesla uses a simple architecture of a flat pack of batteries at the base, two electronic engines for front and rear, and no transmission. As a result, Tesla cars have an advantage over traditional electronic cars by having greater battery management efficiency, lower center of gravity, and greater energy density. This means that Tesla is likely to beat out competitors trying to leverage parts of the old internal combustion architecture.
Tesla Eco-system Strategy- Tesla Case Study
Tesla’s ecosystem strategy considers individual components in production. Tesla’s method of the system-level accounts for the fundamental system components needed for a consumer to use its product. This is why Tesla has built a charging network to cater to cars across the country. Tesla plans to install more charging stations fast to enable users to drive longer distances. In the future, they will force carmakers to create an interoperability network to cover the current need.
Tesla’s plan continues to be a multi-probed strategy for the fast-changing industry. The primary process has a unique element at each level of the ecosystem. For instance, Tesla has overturned the central product architecture. In addition, Tesla products have been highly inspired by the love for having eco-friendly driving.
Examples of Tesla Eco-System Strategy
Furr, N., & Dyer, J. (2020, February 12). Lessons from Tesla’s Approach to Innovation. Retrieved from Havard Business Review: https://hbr.org/2020/02/lessons-from-teslas-approach-to-innovation
Karamitsios, A. (2013). Open Innovation in EVs: A Case Study of Tesla Motors. Environmental Studies Journals, 4.
Roberson, B. (2021, March 23). Tesla (TSLA). Retrieved from Forbes: https://www.forbes.com/companies/tesla/?sh=4c92450148d4
Tesla.com. (2018, December 01). Tesla’s mission is to accelerate the world’s transition to sustainable energy. Retrieved from Tesla: https://www.tesla.com/en_GB/about