Tesla is an auto company incorporated in July 2003. It was formed by Elon Musk and Marc Tarpenning. The company's aim is to utilize its powertrain and proprietary battery technologies to manufacture electric cars that would reduce the dependence on fuel. It produced and sold its first car in 2007. The period between 2008 and 2012 was a challenging period for the company with losses totaling to $943.5 million. In 2013, the company turned around and saw its global revenues increase to $2.0 billion. The stock market price rose from $34 in January 2013 to $250 by March 2014. ...
Essays on Electric Car
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As requested, I have examined the current market conditions and business settings in Spain that will hopefully provide you with the significant insights regarding the decision of initiating electric car manufacturing business in Spain. The Spanish automobile industry offers us lucrative prospects not only in manufacturing electric automobiles but also presents us with an opportunity to export our products to over 130 countries around the world.
Spain has a population of 46.4 million people and its GDP stands at $1199 bn. Spain’s GDP is 1.42% as percentage share of the World’s total (World Economic Forum, 2016). Like ...
Executive summary
Tesla is an example of a company that is able to disrupt an industry. Before Tesla, the fully electric car was an idea in the research and development laboratories of gasoline-powered cars. After Tesla, the fully electric car is almost synonymous with the name of the company. The technologies behind the car are still expensive and this means that it is still a niche product. However, Tesla is working towards making it a more mainstream car. This paper looks at the efforts of Tesla to get its Model S into the Singaporean market. This paper begins with an introduction ...
During the Third Session of the 2010 National Academy of Engineering Grand Challenge, Vikram Rao an Executive Director of the Research Triangle Energy Consortium discussed strategies that could be applied by the current generation to promote energy self-sufficiency ("Summit Series on the NAE Grand Challenges"). In his opinion, one of the key strategies that modern engineers can apply to achieve this objective is to develop energy efficient machines such as the Electric Car. However, he went further and noted that this could be a temporal solution to the current energy challenges experienced by consumers and developmental stakeholders. Besides, Vikram ...
Air pollution can be defined as the act of introducing mixtures of solid particles as well as gases into the environment. Examples of solid molecules or gases entail chemicals, biological materials, as well as particulates. This paper discusses air pollution as an environmental problem within my community. Air pollution affects animals, humans, as well as the environment. Additionally, it affects the health of the environment or that of animals or humans, as well as causes climate change. The paper is set to discuss some mechanisms that can be employed to foster positive environmental actions in curbing air pollution. It ...
1.0. Introduction Founded in 2003, Tesla Motors has undergone excellent growth in many aspects such as company size, profitability, product line, etc. Based on gradual progress, now the company has grown into one of giant industry players. It mostly deals in electric cars and trains with more focus on former (The Case, n.d.). This report sets out to analyze the company’s current strategies relating to its product line and future prospects of growth and identify the areas for improvement. In the final section, the consultant recommends the most practical strategy to the company directed towards raising its competitive ...
Innovation and Technology Management Individual Report
Innovation and Technology Management Individual Report
The research idea selected is the tesla Model 3 electric vehicle. This vehicle the most recent innovation in the transport industry since it offers environmental sustainability as a benefit to users. The company has developed the vehicle as an electric vehicle with zero carbon emissions. It is expected by Tesla Motors that the new and innovative vehicle will be ready for shipping to consumers by the end of 2017. According to the Tesla website, the vehicle is highly efficient in energy consumption since it allows a range of up to 215 miles per ...
Introduction
The development in the automotive industry has resulted in the production of various sustainable technologies. The paper is going to examine the problem of the pollution and contribution to reduction of the automotive industry to the climate change in carbon dioxide emissions. The partial solution for the transport industry has already been introduced with the technology of electric vehicles. The sustainability of the technology will be examined with the shortcomings and disadvantages of the battery production of electronic vehicles. The thesis of the paper is that electric vehicles are more sustainable than the traditional cars and use sustainable technology ...
This paper would be dedicated to the assessment of the business environment of BMW Company in the European region. Three following perspectives would be considered: demographics, technology and innovation.
Demographics
In accordance with the information, represented by the ICCT (2013), there is a significant decrease of the total number of the registrations of the new passenger cars since 2007 (there was a 23% decrease in this index). It is possible to state a fact that there is a direct interrelation between the economic climate in the region and the vehicle sales trend. This trend is evidently represented in the southern ...
INTRODUCTION
The electric car was introduced to the market over a hundred years ago. The car used a battery to power most of its applications during operation. There are two varieties of the electric vehicle in the market. First, the hybrid electric vehicle (HEV) has a battery and a system of the electric drive but has no capacity to plug in. The second type is a plug-in hybrid vehicle (PHEV) which obtains its energy from liquid fuel or the battery and has a plugin. Over the years, the performance capacities of these cars have been improved up to 300 hp ...
In these latter days, it is hard to imagine the world around without automobiles. They are everywhere and have become an essential part of human’s everyday life. Significant part of people has own autos, and even more of them can drive. However, technological progress does not stand still; everything changes, and automobiles are not an exception. Nowadays, the problem of environmental pollution is especially acute, and gasoline-powered engines, which are one of the main reasons of air contamination, silently recede into the past giving place to electro motors. Electric cars enter people’s lives and symbolize the era ...
1. Applying Industrial Models to Tesla. Tesla is an automotive industry that mainly deals with the manufacture of electric cars. The company has the biggest market share of electric cars (Hamburg 74). Subjecting the company to the five forces industrial model reveals interesting facts about the company, and what it does to keep up with the stiff competition in the electric car market. The electric car manufacturing industry is faced with stiff competition, and a company ought to have the competitive leverage to survive. The Tesla Company has some of the most interesting strategies for keeping up with competition. ...
Abstract
The future of electric cars becomes apparent with progressive increase on environmental degradation due to the excessive use of fossil fuels. Therefore, the need necessitating the use of electrical car is attributed to the new onslaught to use green and sustainable energy in almost all spheres of life. Thus, the need for environmental conservation and sustainability has predisposed world regions to adopt robust measures that would curb the entire globe form adverse effects of global warming generated by poor conservational practices. This article thus, discusses about the predisposing factors behind the design and preference to electric cars, and why ...
Buying a car is usually a hard choice to make. Many people want and have a car. However, it takes them a while to decide which car is worth their time and money. Lately all-electric cars have been added to the vehicle market. Not too many people have trust in them, but there are people who still make these eco friendly purchases. Personally I would not be a fan of such a vehicle. I am a traditionalist in the car purchasing. Even, though, the all electric cars have been occupying the market, they are not seen as trustworthy in ...
Industry Overview
In the present market, the automotive industry globally encompasses the prime manufacturers, Toyota, Volkswagen, GM, Honda, Ford, etc., all operating in the global competitive marketplace. Since the second half of the 1990s, it is understood that automobile industry’s globalization accelerated with the construction of highly significant overseas facilities and the establishment of acquisitions and mergers between the global automobile MNCs (Hiroaka, 2001 p.1). In the year 2015, sales of passenger cars globally reached 73.9 million vehicles and the total sales reached above 90 million. On the basis of current growth rate, the automobile industry is expected to grow ...
After analysis of these 5 movies I totally agree with the main plot of movies and judgment made in them. At least 4 movies are very similar: An Inconvenient Truth, Supersize me, Bowling for Columbine and Who Killed The Electric Car. The main problem in all this films is the unwillingness of government to lose control over society and undesirability of business to lose millions of dollars. Over the decades mankind has formed numerous problems. Global warming, climate changes, adiposity, health problems, inefficient using of electricity, shooting in schools, illegal arms trade and many others. I am deeply convinced ...
The Electric Vehicles (EVs)
Electric vehicles (EVs) are known to acquire all their auxiliary power from the inbuilt batteries. The batteries are rechargeable and are charged from the grid electricity. The electric car is normally powered by the electric motor instead of the gas engine. The motor receive its power from the controller which is powered by means of the rechargeable batteries. The technology of EVs is able to provide zero emissions of the Green House Gasses (GHGs) as well as the air pollutants. According to the international energy act of 2011, the electric vehicle can drive at an average range of 150 ...
[Professor]
Executive Summary Tesla has put its share in the automotive market as one of the leading providers of innovative electric vehicles. This marketing plan is made in order to add electric motorcycles to the product list of Tesla. The company has the commitment to offer affordable electric vehicles to the public, and it makes the company able to move towards the advancement of the vehicles and reduction in their prices. The company has potential to compete at the level of electric and hybrid vehicles. This marketing plan includes different findings, which allow Tesla to find new target ...
Elon Musk, a Canadian-American citizen, born in South Africa, is the current CEO (part owner) of two of the most exciting companies in the world today. He had a middle-class upbringing; he taught himself computer programming at a tender age, and a bullying victim learnt to stick up for himself. After graduating from high school in 1989, he moved to Canada (and later the US), where he attended Queen’s University and the University of Pennsylvania respectively. In 1995, he (along with his brother) started a web company called Zip2, which he sold in 1999 for $307 million. He then co-founded X.com, which merged ...
Carbon Footprint
Introduction The number of private vehicles are now increasing. It is an alarming issue since more cars mean more sources of greenhouse gas emissions. These vehicles used traditional diesel and gasoline engines which emits large amounts of greenhouse gases (Barmore, 2013). The current number of cars reached about 1 billion. The largest quantity of cars is from the United States which is the birthplace of the land vehicles. The latest trend about the quantity of private vehicles is that it will be doubled in 2030. That is about 2 billion cars that are contributing to the air pollution ...
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Applying Analytical Concepts and Tools to the Complex Business Problems of Tesla Motors I. Current Strategic Profile According to the case study presented the mission of Tesla Motors, as articulated by the founder and CEO Elon Musk, is to “[b]uild [a] sports car, [u]se that money to build an affordable car, [u]se that money to build an even more affordable car”. One of the objectives of the company is to build an electric car that compete with or even out compete a gasoline car. Tesla Motors has done this by ensuring that these ...
Introduction
Tesla Motors is an American car company founded in 2003 by a group of brilliant innovators known as Silicon Valley engineers. An entrepreneur Elon Musk named it in honor of a remarkable man Serbian inventor and electrical engineer Nikola Tesla (1856-1943). The late 1880s saw the realization of Tesla’s signal accomplishment of his AC motor. Its success was based on a series of inventions as well as patents for using two sources of alternating current which were out of phase with one another. Tesla realized that his inventions created a rotating magnetic field which could eventually make a motor that could navigate over ...
Introduction
Design thinking can be defined as the creative process of coming up with new innovative ideas to solve problems. Design thinking combines innovation and critical thinking to allow data to be organized, decisions to be implemented and solutions to be enhanced. Design thinking can be applied in all areas of industry such as technology, business, science, education, humanities and architecture. Design thinking process starts with defining the problem. Then research is done on previous attempts to solve the problem. Research is followed by ideation where design thinkers brainstorm and come up with different ideas on solving the problem. Then ...
In addition, the batteries in electric cars pose a number of challenges. The battery life is substantially short lived and requires constant charging, something that a busy American would find very distasteful. As it is, the battery could end when an individual is on the road, and they would have to recharge it. The full recharging of an electric car takes about twelve hours(Anderson & Anderson, 2004, 17). These are a lot of hours considering that the battery can only last for 100 miles. Such length for a recharge is not accommodative for most people who opt for the normal cars that take ...
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Global Strategy Please type your Institution name here Introduction Tesla Motors, Inc. is one of the players in the American auto industry, which was established in the year 2003 by a group of bright, smart and innovative engineers of the Silicon Valley. These engineers demonstrated that vehicles using electricity could be remarkable substitute for cars that run on petrol or diesel. Tesla does not limit itself to designing, production and marketing of electric cars, but it also offers extremely sophisticated components of electric vehicle powertrain to other players including other automotive giants like Daimler and Toyota. Tesla ...
Abstract
Cars have always played an important role in the course of human development. In the past, man had a vision to introduce an invention to transport people along long distances. To turn the vision of a self-propelling automobile into reality, it took the development of a reliable combustion engine that operated on liquid fuel. In 1672, the first steam-powered vehicle as a toy for the Chinese emperor was built by Ferdinand Verbiest, a member of a Jesuit mission in China. As the automobile industry grew, so did the rate of environmental pollution. Car engines are considered to be the prime source of air pollution. The ...
Introduction
The depletion of fossil fuels and the increased levels of vehicular that are being expressed across the world made the automobile companies to look for alternatives to the conventional internal combustible engines that run on petrol and diesel. One of the most important inventions in the field of automobile history is the hybrid engine technology. Hybrid cars combine the conventional petrol powered engines with the electric motors. A small petrol engine that is fit inside a hybrid car operates a dynamo that produces electricity (Barett nd). The electricity that produced will be in turn utilized for running the electric motor which ...
(Author)
Elon Musk Elon Musk (full name: Elon Reeve Musk) is South African-born Canadian American businessman, space pioneer, and inventor. He is also the motivation for Tony Stark – Iron Man’s superhero. He emigrated to Canada when he was 17 years old and then moved to U.S. He is the CEO, CTO and chief designer of California-based Company, Space Exploration Technologies (popularly known as “SpaceX”); Chairman, CEO and chief product architect of Tesla Motors, and chairperson of SolarCity.
Personality Traits
Elon Musk has the fascination to explore and study new topics of interest. Ever since he was young his parents ...
Contemporary Issues in Travel and Tourism
Introduction Traveling away from one’s home for the point of pleasure, leisure, business, or religious obligation has progressed from ancient times to its contemporary form. This diverse industry generates income and jobs all around the world, for both less economically developed nations and the world’s super powers in Europe, North America, and across Asia. In the US alone, tourism generated 1.4 billion US dollars in the year 2013 with the most popular tourism spots being New York City, Los Angeles, Chicago, and Washington D.C (World Travel and Tourism Council, 2014). These places have a high level of ...
Introduction (Description of the topic and problem addressed) The United States of America has more than 250 million registered vehicles currently in use. Every year, 10 to 11 million vehicles reach their maximum usage on the road and are taken out of service. The above figure clearly explains some of the main environmental impacts that such large number of automobiles both on the roads and on those taken out of service create. The main issues associated with the automobiles when it comes to affecting the environment are centers on climate change, gas emissions, and fuel economy. In an effort ...
Importing and Exporting Operations
Introduction Chilean Trade Company is a startup company operating in the import/export business. The company’s main business specialization is Lithium products trade operation between Chile and US as both of these countries provide high-technology products. The impacts of such trade of operations must be clearly understood. Different methods are considered along with the business set up, organization, and location to come to such a conclusion. The strategic approaches are elaborated and further described so that the document can act in guiding investors, public consumers and the government.
Chilean Trade Company (CTC) is a start-up company located in Hamburg with a ...
The idea of developing an electrically powered car has been around for more than a century now. This was mainly as a result of the increasing need to reduce the number of oil powered automobiles currently in use because they greatly contribute to environmental pollution and the ever fluctuating oil prices and unpredictable supplies as was observed in the oil crisis of 1970s. A significant breakthrough for this idea was in 1888 when the first electric car was made. It became popular in the 19th and early 20th century majorly because it was less noisy and produced low emissions. However, its ...
Introduction
The history of hybrid electric vehicles in the United States dates back in 1834 when they were first invented. By the year 1900, there were close to 1680 electric automobiles sold within the United States (Mi, Masrur & Gao, 2010). However, the world’s first hybrid electric automobile was built in 1898 by Dr. Ferdinand Porsche that was made using an ice that could spin the generator located at the wheel that could power the electric motor (Kenney, 2010). Quite a number of electric car companies emerged in the United States in the 1920s, with Woods of Chicago and Baker of ...
[Institution affiliated] The Chevy volt case tells more when it comes to strategic planning for large organizations. First, what should come to consideration was the vision of the company and the situation that the company of the organization is faced with now. In this case, General Motors was faced with unending losses and it was high time that they brought something new to the market to save their depreciating stocks. For one, the company, through its previous products that they had designed as far as locomotives are concerned, they were becoming irrelevant in the industry. Their revival ...
- Investigate the importance of Electric Vehicles to EU and National Energy Consumption. Although the energy efficiency in the transport sector is increasing, mostly because of the measures taken by the automobile companies to design new cars that consume less oil and gas, and although because of this the CO2 emissions of new cars are reduced compared to the CO2 emissions of older automobiles (Enerdata iv), the energy consumption in Europe and European countries continues to be an increasing concern, considering the fact that despite the economic crisis the citizens’ transportation with personal cars has not decreases, as ...
Q1 A competitive advantage for a company is the game plan that management comes up with to secure market share or a competitive advantage. The company adopted a lower cost provider strategy by providing alternative car model, which is $5,000 less than fuel car in the US market. This was a strategy to counter fuel car manufacturers. The business could not have impacted if the prices of electric car were same as fuel cars. The company further employed a strategy of partnering with electric car providers with an aim of edging out competitors within the electric car battery service providers. The low ...
Exam: An Analysis of Better Place Company
Introduction Better Place develops and sells battery-charging and battery-swapping services for Electric cars. The company has progressed slowly and faced numerous challenges since the inception in 2008. The company has registered a loss of $500 million and a less than significant sale of about 750 cars in a period of six years in its main market-Israel (Gunther). The company is on the verge of bankruptcy and this has been caused by negative effects mainly from its macroeconomic environment. In spite of the current challenges that Better Place is facing, the industry in which the company operates is attractive and has a ...
1. Has the company chosen an attractive industry to be in? Why/why not? Explain your position The company has not chosen an attractive industry to be in. While electric cars will be someday be great and a major hit in the automobile industry, now is not the time. Yes the electric car industry promises a bright future in motoring which includes lower carbon emissions and higher fuel efficiency. However, today, electric cars are described as being expensive and inconvenient. It is not a new industry. Pioneers such as Thomas Edison and Henry Ford did imagine an electric car. However, these cars ...
Limitations on the Study
While discussions about oil and gas as energy sources utilized for automobiles are extensive, when it comes to electric energy as a source of making the cars on the move, the literature is still very new and in progress. Therefore, there is a limitation in the electric energy existent research, because this field is now emerging. However, this limitation impedes the current research from a cursive development. Precisely the fact that this sector of electric car is now emerging makes Tesla a successful pioneer in the industry. Nevertheless, there other similar attempts on the market of electric automobiles, but because they come ...
Introduction
Mobility is a significant basis for quite a number of private and economic activities. Thus, it forms a critical part of our everyday life. In many countries, mobility demand is mainly met by road traffic, with modern automobiles and road networks allowing for a high level of individual mobility. However, there are issues that are a consequence of this mobility. For example, mobility results in significant environmental problems in terms of carbon dioxide emissions that are mainly attributed to the burning of gasoline. Another problem is the declining fuel reserves and the subsequent rise in oil prices which translates to rising fuel prices. For ...
General Motors (GM)is a United States vehicle manufacturer based in Detroit, Michigan, known for brands such as Chevrolet, GMC, Buick, Pontiac, Oldsmobile, and Cadillac. William “Billy” Durant founded GM on September 16, 1908; he was already a successful manufacturer of horse-drawn vehicles (“Company: History”). GM’s mission statement is, “G.M. is a multinational corporation engaged in socially responsible operations, worldwide. It is dedicated to provide products and services of such quality that our customers will receive superior value while our employees and business partners will share in our success and our stock-holders will receive a sustained superior return on their investment” (“Mission ...
Are they Competitive with Conventional Cars?
Electrical cars are vehicles that work on rechargeable electric power supply that runs the engine instead of gas. Scientists believe that electrical cars are environmentally clean vehicles that do not produce as much poisonous gasses and waste as conventional cars nowadays. There are many kinds of electrical vehicles; some types of electrical vehicles use the energy that is stored in Lithium batteries. Other kind of electric-power cars use a combination of electric power and gas to run their engines called hybrid cars. In the 1800’s there were many initiatives in making an electric motor. Davinport made the first American ...
Report: Low Carbon Transport Systems
Summary Research sources selected for this paper include three strategy / policy approaches to achieving a low carbon transportation system. “Towards low carbon transport in Europe” describes the European Union (EU) policies and plans they have set in place to achieve the desired CO2 emission reductions. “Low Carbon Transport: A Greener Future” is the UK’s strategy document. The United Kingdom, as a member country of the EU thus shares some of its plans and targets. A more locally-based research source is “Birmingham Low Carbon Transport Strategy 2011+” – a low carbon transportation system strategy from the perspective of an English city ...
Executive Summary
Fisker Automotive was founded by Henrik Fisker and Bernhard Koehler, in California, USA to create environmentally conscious vehicles which are at the same time supreme examples of luxury, style and performance. Fisker Automotive was born in 2007 out of the vision of providing performance and style alternatives to vehicle enthusiasts who also are inclined towards being environment friendly. Fisker was one of the earliest of automobile manufacturers to have produced plug-in hybrid electric vehicles with its luxury sports sedan Fisker Karma. The Karma has been on available to retail customers since November 2011 and more such performance and style ...
Electric vehicle
Abstract The following paper discusses at length the various kinds of Electric Vehicles (EV) available by giving examples and discussing their specifications in order to make the reader aware of the available electric vehicles in the market. The Greenhouse effect is a major cause of concern and can be controlled by watching ones carbon footprints. Investing in an electric vehicle is its stepping stone. The paper is thus written with the view of providing a comprehensive view in the available short, medium and long range electric vehicles.
The growing percentage of air pollutants let into the air due to ...
The General Environment and Global factors
Stable Political factors to instill interests to various groups -The stability of the country’s government sends a signal of confidence, strength, to various interest groups and investors. -Similar political party ideologies influence promises stability in the country.
- Agreements on world trade like the UK being further expanded -Potential subsidy from the European Union and the UK government.
Promising Economic growth to boost income level.
-Improved environment awareness makes people demand more of the environment friendly product.
- Easily fits into the country’s gross domestic product and the per capita income of populace as it is not expensive as private cars. ...