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Bus 475 evaluating a corporate societal relationship

Bus 475 evaluating a corporate societal relationship

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Running Head: ANALYSIS OF TESLA INC. 1

Analysis of Tesla Inc

Tiara Reed

Strayer University

Business and Society

2/6/2021

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ANALYSIS OF TESLA INC. 2

Analysis of Tesla

Introduction

Tesla Inc. is an American company with its headquarters in Palo Alto, California, which

is involved in automotive and energy products and services (Mangram, 2012). The company is

known for its significant growth in electric cars' production in its brand and solar panels'

production in its SolarCity subsidiary (Diamond, 2019). The company has set up several

factories and manufacturing plants. Gigafactory was established in Reno, Nevada, with its main

manufacturing plant called Tesla Factory in Fremont, California. The paper will focus on the

company's products or services, the impacts of stakeholders on its financial performance, and

how macro-environment factors affect its success.

Tesla's products and or services

Marc Tarpenning and Martin Eberhard founded Tesla in July 2003. The goal of the

engineering team was to show that electric cars do not have to be compromised. Electric vehicles

would be cheaper, more comfortable, and more convenient to drive than gasoline. It has

produced various models, including Models S, 3, X, and Y, as stated by the company in 2019.

Some models include Semi and Roadster vans (Mangram, 2012). In 2018, the company was

ranked as the world's leading best-selling maker of plug-in passenger vehicles, delivering over

245,240 units with a worldwide market share of about 12 percent for all plug-in segment

deliveries (Diamond, 2019). From 2017 to 2018 alone, the corporation managed to experience a

280% growth in its sales to 182,400 in 2018 compared to 48,000 in 2017.

Tesla manufactures electric vehicles and flexible goods for clean energy production and

storage. As soon as the planet escapes from the future with zero dinosaur-based emissions, Tesla

sounds stronger (Rosenbloom, 2017). To create a truly integrated energy climate, including

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Running Head: ANALYSIS OF TESLA INC. Analysis of Tesla Inc Tiara Reed Strayer University Business and Society 2/6/2021 1 ANALYSIS OF TESLA INC. 2 Analysis of Tesla Introduction Tesla Inc. is an American company with its headquarters in Palo Alto, California, which is involved in automotive and energy products and services (Mangram, 2012). The company is known for its significant growth in electric cars' production in its brand and solar panels' production in its SolarCity subsidiary (Diamond, 2019). The company has set up several factories and manufacturing plants. Gigafactory was established in Reno, Nevada, with its main manufacturing plant called Tesla Factory in Fremont, California. The paper will focus on the company's products or services, the impacts of stakeholders on its financial performance, and how macro-environment factors affect its success. Tesla's products and or services Marc Tarpenning and Martin Eberhard founded Tesla in July 2003. The goal of the engineering team was to show that electric cars do not have to be compromised. Electric vehicles would be cheaper, more comfortable, and more convenient to drive than gasoline. It has produced various models, including Models S, 3, X, and Y, as stated by the company in 2019. Some models include Semi and Roadster vans (Mangram, 2012). In 2018, the company was ranked as the world's leading best-selling maker of plug-in passenger vehicles, delivering over 245,240 units with a worldwide market share of about 12 ...
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