Tesla in 2024 Holding on to the EV Lead Ramon CasadesusMasanell Eric Van Den Steen Karen Elterman 2024
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“The future is not what it used to be.” This sentence could be applied to the state of the energy industry today, as the future of sustainability and renewable energy is here and changing the way we do business in this era. The global energy landscape has transformed in recent years, with the increasing importance of renewable and electric energy sources. The Tesla case study, in fact, gives us a glimpse into the company’s efforts to push the energy industry into a more sustainable and green direction. The case study reveals that Tesla is not
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In 2020, Tesla set out to transform the auto industry’s future, and it did so to a great extent. In the US market, Tesla overtook General Motors as the largest manufacturer of electric vehicles (EVs), selling 144,800 of them in 2020. That’s an increase of 114,000 units, a 68.4% increase year on year. A year later, in 2021, that number grew to 2
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Case Study #1: Tesla Innovation On 25th June 2013, Tesla’s Elon Musk launched its first Model S electric sedan in Palo Alto, California, USA, to a crowd of about 200 attendees and 100 people working at the nearby Tesla headquarters. The Model S had an all-electric drivetrain and was built at Tesla’s Fremont plant. Since then, Tesla introduced Model S and Model X, and
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“Tesla has a lot of potential in 2024. The company has to address the weaknesses that are slowing down its progress towards achieving its goal of mass market EV penetration. As such, I am excited about the possibility that the company will maintain its leadership position in the EV market. dig this To address the weaknesses, Tesla has taken a number of steps. The company has made significant investments in producing high-quality EV batteries at reasonable cost. Tesla has also introduced two new models in
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Casadesus, Ramon. & Masanell, Eric Van Den & Elterman, Karen. (2021, October 14). Tesla in 2024: Holding on to the EV Lead. Strategy&. Retrieved 17 October, 2021, from www.strategyand.pwc.com/us/en/insights/articles/tesla-in-2024-holding-on-to-the-ev-lead.html
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Tesla in 2024: Holding on to the EV Lead The EV revolution will change how we live, work, and shop. In a year that saw significant shifts in society, a lot of those changes will accelerate. In the coming year, you’ll see a shift toward electric transportation. The world’s top electric vehicle (EV) company, Tesla, will remain at the forefront of this shift. Despite a few setbacks, the company remains poised to lead the way in the EV revolution
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“Tesla has been in the electric vehicle (EV) industry for only eight years, but its dominance is already undeniable.” According to the PESTEL analysis, Tesla is facing the same four competitors that challenged the traditional automobile industry: 1. Toyota (The Japanese multinational conglomerate company), the world’s largest automaker. Toyota is known for its reliability, excellent quality, and a strong brand. Tesla can’t afford to compete with Toyota click to investigate