German Luxury-Car Makers Look Beyond Home Market BMW to expand Plant in U.S.‚ Daimler Will Boost Investment in China Venture By William Boston and Neal E. Boudette Updated March 28‚ 2014 2:56 p.m. ET A new BMW X4 is unveiled last Friday at the BMW manufacturing plant in Greer‚ South Carolina as the Germany luxury auto maker announced a $1 billion expansion for the plant. Associated Press German luxury car manufacturers BMW AG and Daimler AG have unveiled plans to spend billions on new car
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motors were made practical and affordable by Nikola Tesla and his induction motor. Before Tesla invented the induction motor was the dc motor that was impractical because it required two electric supplies for just one motor and expensive to make because it required rare materials on the other hand the induction motor needs but one power supply and can be made with inexpensive materials. The induction motor is powered by alternating current (AC) Tesla was one of the first to discover AC. He believed
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In 2.8 seconds the Tesla Model S P85D can go from zero to sixty MPH. Elon Musk is the owner of Tesla‚ Solar City‚ and Space X. All of those companies all have one thing in common they are all trying to help the world. Tesla is trying to solve the problem of fossil fuels by being an all electric car company. Solar city is using the greatest source of energy from the sun to power your home. Space X is trying to expand the world by exploring other planets in addition to Earth. As the owner of these
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Capitalism refers to the factors of production being privately controlled rather than by the state and that money is invested in businesses to make a profit. The foundation of capitalism was created by Adam Smith‚ a Scottish philosopher and economist‚ during the Age of Enlightenment. Smith’s objectives differed from those of the feudal empires and monarchies. The natural laws created by Adam Smith‚ which characterize the Industrial Revolution in the United States‚ led to a dramatic increase in competition
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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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THE WAR OF CURRENTS Tesla vs Edison: THE WAR OF CURRENTS In the "War of Currents" era (sometimes "War of the Currents" or "Battle of Currents") in the late 1880s‚ George Westinghouse and Thomas Edison became adversaries due to Edison’s promotion of direct current (DC) for electric power distribution over alternating current (AC) advocated by Westinghouse and Nikola Tesla. Thomas Edison American inventor andbusinessman was known as "The Wizard of Menlo Park" and pushed
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for co-founder of Zip2‚ PayPal‚ SpaceX‚ Tesla Motors Salary $1 [1] Net worth $872 million+ Title CEO and CTO of SpaceX Chairman of SolarCity CEO of Tesla Motors Spouse Talulah Riley (2010-) Justine Musk 2000–2008 Children Five sons Signature Elon Musk (born June 28‚ 1971) is an American engineer and entrepreneur best known for co-founding PayPal‚ SpaceX and Tesla Motors. He is currently the CEO and CTO of SpaceX‚ CEO and Product Architect of Tesla Motors and Chairman of SolarCity. Musk
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ultimately decided which type of current became the standard for the generation of electricity today. Due to different advantages and disadvantages‚ Edison promoted direct current (DC) for electric power distribution‚ whereas Westinghouse and Nikola Tesla both advocated alternating current (AC). Edison ’s direct current was initially the standard for the United States for electricity distribution as not only did DC work well with incandescent lamps (the principal load of the day)‚ but DC systems could
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Threat of New Entrants Just entering the automotive industry in 2003‚ Tesla themselves are facing the challenges of being the new entrants into the market. A high capital is required to begin any business expenditure. Tesla is not expected to become profitable for another 18 months (Taylor‚ 2011). There is a relatively low barrier to entry due to the higher demand for environmental friendly vehicles and with other outlets for available technology for lithium-ion batteries‚ it is a level of playing
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Tesla goes NASCAR with “Ludicrous Mode.” Not real NASCAR. But it could be interesting to see. The 2018 Tesla Model 3 buyers will have the option to add Ludicrous Mode to their electric sedan. What does that mean? It may be a wordplay steal from the movie‚ “Spaceballs‚” which was written and directed by comedy legend Mel Brooks. In that blockbuster classic‚ the spacecraft had a “Ludicrous Speed.” This allowed it to accelerate and reach speeds of a ludicrous nature. I could see Elon Musk being a big
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