- Discussion Paper on Market Forces and Government Interventions for Business Leaders
- Unit 10 Customer Relationship Management Assignment – CRM Processes & Stakeholder Roles
- CIPD 7HR02 Resourcing and Talent Management to Sustain Success
- Athe Level 3 Health and Social Care Assessment Questions
- M/618/4168 Unit 2 Principles, Values and Regulation in the Health and Social Care Sector – ATHE Level 3
- ILM Communication Skills Self-Assessment
- ILM Unit 8600-309: Understand How to Establish an Effective Team
- CMI Unit 525 Using Reflective Practice to Inform Personal and Professional Development
- Understand and Work with a Wide Range of Stakeholders and Organisational Structures – Assignment 1
- Assessment: Financial Performance Evaluation of Savory Snacks Company Ltd for Credit
- CMI L5 Assignment: Managing Stakeholder Relationships: Strategies, Challenges, and Best Practices
- Level 3 Unit 2 Assignment: Principles, Values and Regulation in the Health and Social Care Sector
- COM4006 Assignment: Introduction to Academic Skills and Professional Development
- Assessment: Managing Organisational Change: Evaluating Strategies, Challenges, and Impact
- UNIT CMI 706 Assignment: Finance for Strategic Leaders: The Role, Scope, and Impact of Finance
- ENGINEERING DESIGN TMA2 v1: CAD Design Report: Specification, Evaluation & Drawings
- Unit CMI 514 Assignment: Analysis of Organisational Change: Managing Change
- EMS402U TMA1: Engineering Design Solutions: Concept Development & Assessment
- LEVEL 3 UNIT 31: Effective Project Management (International BTEC )
- ILM Level 4 ASSIGNMENT: Managing equality and diversity in own area
BMBM6015: Tesla is an American electric vehicle (EV) and clean energy company, with Headquarters in California: Strategic Management And Sustainability Assignment, UOW, UK
| University | University of Wales (UOW) |
| Subject | Strategic Management And Sustainability |
Tesla is an American electric vehicle (EV) and clean energy company, with Headquarters in California. Their product range includes a range of electric cars and sports utility vehicles as well domestic energy storage technology (and related products such as solar roof panels). Established in 2003 by two American Entrepreneurs Martin Eberhard and Marc Tarpenning, the company was named after the famous inventor and proponent of alternating current, Nikolai Tesla.
The company’s initial mission was to develop an electric sports car, a highly ambitious and expensive undertaking from which much of the funding was obtained from the PayPal co-founder serial entrepreneur and billionaire, Elon Musk – who invested more than $30 million into this innovative and fledgling organization. This cash injection and consequent research and development lead to the production of its first car in 2008 – the 100% electric “Roadster”.
The efficiency compared to diesel and petrol engines were notable, as the Roadster could achieve the equivalent of 135 miles per gallon – more than double the efficiency of most fossil fuel sports cars and with comparable performance and ever-increasing mileage range. However, despite many tax incentives put in place to encourage the use of more environmentally friendly, the $109,000 price tag meant that this was clearly pitched as a luxury brand car
Do You Need Assignment of This Question
In 2008 following the stepping down of the company’s founders, Elon Musk became the new Chief Executive. Two short years later a decision had been taken to take the company public on the NASDAQ stock exchange. Following a much-publicized and successful Initial Public Offering the company raised over $226 million.
Since 2012 the Roadster is no longer in production and Tesla has looked to broaden their offering by producing new vehicles such as the Model X – which is considered a “crossover” vehicle that offers many of the features of an SUV but is built on the chassis of a car. The increasing demand for electric vehicles across a wide variety of vehicle types has driven Tesla to produce more modestly priced vehicles such as the $35,000
Tesla has grown to be the largest player in the global EV market with a market share of 16% of the plug-in market and a 23% share of the battery-electric segment in 2020
- Module Learning Outcomes
- Critically evaluate the competitive and development strategies of an organization in the context of contemporary strategic management issues.
Buy Answer of This Assessment & Raise Your Grades
Unlock success with our specialized assignment writing service and Case Study Writing Help tailored to UK students. Struggling with “Strategic Management and Sustainability” at the University of Wales (UOW)? Our expert team is dedicated to your triumph, guiding you through intricate concepts and case studies like Tesla’s strategic approach.
From dissecting business models to exploring sustainability, we’ve got you covered. Secure top grades and elevate your academic journey by tapping into our expertise. Your path to excellence starts with us!
Answer
