Explain THREE (3) advantages that Tesla would gain as the first mover in electric vehicle industry.
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Explain THREE (3) advantages that Tesla would gain as the first mover in electric vehicle industry.
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- Tesla Many analysts cite Tesla as the most innovative car company to enter the automobile industry in recent history. The company was founded in 2003 with the vision of being an independent automaker that would build affordable electric cars. Over the next 17 years, it produced five different car models and continues to introduce concepts for additional vehicles. It has also expanded into home battery and solar panel products. In the first half of 2020, 81% of electric vehicles sold were Teslas, and its affordable sedan, the Model 3, is the all-time bestselling electric vehicle ever. Tesla’s cars helped create a new market for electric vehicles. In addition, its cars have technological components that have advanced safety throughout the automobile industry. Its cars can come with self-driving capabilities and advanced safety warnings. Parts of these technologies have been adopted by other car makers. 1. Which ocean (red or blue) does Tesla fit in? How has the “ocean” changed over…1. How comparable is the price and performance of a hybrid Corvette to other "electrified" vehicles? 2. Why might GM prefer not to make hybrid vehicles? 3. How does GM hope to benefit from increased marketing of the new Corvette?What are the barriers to entry in the EV market? Develop about the Electric Vehicles (EVs) and Infrastructure market High market Barriers (Porter 5 forces)
- Explain Cultural, Economic, Social, Psychological factors related to the product Tesla?Tesla was founded in 2003 by a group of engineers who wanted to prove that people didn’t need to compromise to drive electric – that electric vehicles can be better, quicker and more fun to drive than gasoline cars. Today, Tesla builds not only all-electric vehicles but also infinitely scalable clean energy generation and storage products. Tesla believes the faster the world stops relying on fossil fuels and moves towards a zero-emission future, the better.Launched in 2008, the Roadster unveiled Tesla’s cutting-edge battery technology and electric powertrain. From there, Tesla designed the world’s first ever premium all-electric sedan from the ground up – Model S – which has become the best car in its class in every category. Combining safety, performance, and efficiency, Model S has reset the world’s expectations for the car of the 21st century with the longest range of any electric vehicle, over-the-air software updates that make it better over time, and a record 0-60 mph…What microenvironmental factors have affected Xerox’s performance since the late 1990s?
- No hand written solution Adiscussion of where the electric car industry is in the industry life cycle. A discussion of how Tesla is crossing the chasm from innovators and early adopters to the mass marketplease refer the below case link and solve the questons https://www.scribd.com/document/360480894/Caso-The-Rise-and-Fall-of-BlackBerry Porter’s 5 forces modelfactors 1. Bargaining Power with respect to New Entrants•Economies of Scale•Product Differentiation•Capital Requirements•Switching Costs•Access to Distribution Channels•Cost Disadvantages independent of Scale•Government Policy 2.Threat of New Substitutes•Availability of substitutesthat can perform same or similar functions•Potential returns of an industry in terms of profits•Ability of the company to charge higher prices 3.Bargaining Power vis-à-vis Competition: •Numerous or few equally balanced competitors•Slow industrial growth•High fixed or storage costs•Lack of product differentiation•Industry Capacity•Diversecompetitors•High strategic stakes 4.Bargaining power of Buyers (Customers)•Availability of Choice to Buyers•Large number of customers•Product is very important to customer•Dependency on distributors•Buyer information…The Tesla is a differentiated product. Why? What does the Tesla buyer value? What will happen to Tesla’s sales as more stringent emission requirements go into effect? If fuel prices increase? If fuel prices decrease?