Products of Fortune 500 Company Annual Report

User Generated

ivpgbenagubal

Economics

Description

Select a Fortune 500 company from https://fortune.com/fortune500/. Research the company’s most recent annual report. You might find easy access to your company’s annual report at https://www.annualreports.com/.

  • Identify background information on the company, including the company name, ticker (stock) symbol, GICS Sector, and GICS Sub Industry.
  • Summarize the products the company produces and sells, and who their target customers are.
  • Describe factors that could shift the demand curve for the company’s product(s) (see the risk factors discussed in the K-10).
  • Describe factors that could shift the supply curve for the company’s product(s) (see the risk factors discussed in the K-10).
  • Describe whether the company’s product(s) would be expected to have an elastic demand or inelastic demand.
  • Discuss the firm’s profitability with an explanation of the difference between accounting profit and economic profit.
  • Examine the costs the company incurs and discuss whether the majority of costs are fixed or variable in nature.
  • Describe the market structure that best describes the market the firm is in.
  • Analyze how the market structure affects the profitability and pricing power of the firm
  • Minimum of 3 references and 1200 words

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Please view explanation and answer below.

FORTUNE 500 ANNUAL REPORT

1

Fortune 500 Annual Report
Student
Professor
Course
Date

FORTUNE 500 ANNUAL REPORT

2

Background information of the company
Tesla Motors is an American electric automobile company that was founded in 2003 by
two engineers from Silicon Valley whose goal was to show that there is no need to compromise to
own and drive electric vehicles. The engineers wanted to show the world that electric cars can be
faster, better, and more fun to drive in comparison to gasoline cars (Tesla, n.d.). Thus, the company
develops, designs, manufactures, sells, and leases electric cars and energy storage and generation
systems. It also offers services that are related to these products. Its mission is to accelerate the
world’s transition into sustainable energy (Tesla Inc., 2020). The company’s ticker symbol is
TSLA. It operates within consumer discretionary as its GICS sector and automobiles GICS subindustry.
Products and Target Customers
Tesla develops, designs, manufactures, sells, and leases electric cars and energy storage
and generation systems. Through the automotive segment, the company offers electric cars and
automotive regulatory credits. It manufactures sports and sedan cars such as Model S, Model X,
Model 3, Model Y, and Tesla Roadster. The company also designs, manufactures, and sells the
Cybertruck. Furthermore, through its energy storage and generation segment, the company offers
solar panels, solar roofs, and solar energy systems. The company has leveraged its technological
competence in the management of energy, batteries, integrated systems, and power electronics to
manufacture and develop energy storage products, such as Megapack, Powerpack, and Powerwall
(Tesla Inc., 2020). Notably, Tesla’s range of products is considered to be quite expensive for the
average customer. As such, the company’s target market is made of wealthy households and
individuals.

FORTUNE 500 ANNUAL REPORT

3

Shift in the demand curve of products
One of the factors that can shift the demand curve of Tesla’s products is customers’ tastes
and their willingness to adopt its electric vehicles. Consumers’ willingness to adopt electric
vehicles will increase demand for Tesla’s vehicles and shift the demand for the company's products
to the right. Another impor...


Anonymous
Excellent resource! Really helped me get the gist of things.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Similar Content

Related Tags