Speech Assignment Tesla Motors Electric cars are bringing revolution into automobile industry. They are the future cars. Tesla Motors Inc. is an American company that designs‚ manufactures‚ and sells electric cars and electric vehicle components. Tesla Motors was incorporated in July 2003 and has managed to become one of the leaders in the market of electric cars in very short period of time. The success of Tesla Motors is mainly related to the
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Tesla Motor‚ Inc. possesses a variety of issues that impact their company’s potential to be successful. The current issues that are impacting Tesla Motor‚ Inc.’s ability to be successful is that they’re only creating electric sports car‚ the Tesla Roadster and Model S‚ their administrative system is unstable and their company is in major debt. The decisions and actions by the Managers that lead to the problems confronting the company is that their administrative system is unstable‚ which leads
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For Tesla‚ the good thing is that not many pure electric vehicles exist in Europe at present. And the ones who have announced their plans to launch a pure electric car will take at least two to three years to execute them. Till now most developments in the European EV industry has been towards building plug-in cars rather than pure electric ones. BMW‚ VW’s Audi and Porsche‚ and Mercedes all have invested huge sums to produce plug-in hybrid electric vehicles. According to Professor Ferdinand Dudenhoeffer
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over Toyota at the top. G.M. can utilize Tesla’s innovation and technologies to continue to move forward with our vision to design‚ build‚ and sell the world’s best cars. Conversely‚ Tesla’s can utilize GM’s manufacturing facilities and distribution channels to exercise economies of scale and achieve their goals of making electric
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Marketing mix: a. Product Tesla is a new company. It only has three vehicle models. Based on information that Tesla has a few competitors and it starts make a profit in the first quarter of 2014. We assume that Tesla’s Model X electric vehicles are still in the introductory stage. People who buy its products are innovators and early adopters. The target market is the consumer who wants to take a risk in order to experience new design and technology to experience. Model X has not been released yet
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1. The PESTEL framework: Political factors: · The federal tax credit was summed up to 7‚500$ for what is called qualified plug-in electric drive vehicles. · The U.S. government imposed taxes and at the same time boosted in investment by supporting it through the $1.3 billion invested in the hydrogen powered research. · The government also imposes regulations which might form/deform the shape of the industry thus affecting it negatively positively. Economic factors:
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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 increase the number of EV’s (Electric Vehicles) available to the
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now headquartered in Palo Alto‚ California (“Tesla- Investor”). The company designs‚ develops and manufactures electric vehicles and electric vehicle powertrain components. Tesla also provides the same services and powertrain components to other manufacturers of electric vehicles (Analysts Corner 2). Tesla Motors is best known for producing the Tesla Roadster‚ an all electric sports car released in 2008‚ with outstanding performance results (“About Tesla”). Tesla has developed a unique marketing
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are surging oil prices‚ Telsa Motors introducing their lithium ion sports car to the market‚ increasing concern for global warming which may lead to tighter regulations designed to limit carbon emissions‚ the costs of manufacturing lithium ion batteries was falling‚ and Toyota’s best selling hybrid called the Prius. The rise of oil prices leads to increased gas prices and as a result consumers demand for fuel efficient cars increased which was proven by the number of Prius’ sold by Toyota. 3
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Planning for the Chevy Volt Case General Motors is a company in deep trouble. As car sales in North America collapsed in 2008‚ GM‚ which had already lost money in 2007‚ plunged deeply into the red. With losses estimated at $14 billion‚ the company was forced to go cap in hand to the government to beg for public finds to help it stave off bankruptcy. Fearing the economic consequences of a collapse of GM‚ the government agreed to loan funds to GM‚ but it insisted that the company have a clear
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