Tesla is quite an interesting company that seems to be ahead of the game In terms of car manufacturing. They have set out to try to be the most cost efficient company there is. CEO Elon Musk has a wide range of great ideas that have to do with saving our ecosystem and our money due to the use of solar panels. Although Elon Musk is trying to save us money is he really benefiting his company along the journey? Join me as we take a deeper look into the company Tesla one of the few motors that are 100 percent made in the US. A company for the future that focuses on energy innovation.
They’re great for the environment, but they’re pokey and impractical, and nobody wants to buy one. The stunning success story of the Tesla …show more content…
They completely dominate the market for low range electric vehicles. The company has had a very fast growth rate along the years since its conception. Tesla has unveiled a new model 3 that expected to be a cheaper version of the model X and S, that will totally revolutionize the car market and hopefully take part in fishing the company out of debt . Tesla has spent a lot of its financial resource, for investments for research and development for the transformative tech in their vehicles.Tesla has been raising a lot of debt due to their rapid expansion and has consequently sold stakes of their company to produce quick cash.Tesla has nearly $2.5 billion of long-term debt and capital leases on its balance sheet, which is about 72% of it’s total income. Interest payments on the company’s debt are so, so enormous that they will continue to eat up future earnings of the company.
Tesla Model 3 is prices much lower at, $35,000. This model is will be in the same price range as lower end Mercedes-Benz and Audis, making it quite affordable to the mass population.The anticipated can and will determine if Tesla can significantly increase the number of cars they need to produce in a few years.Tesla is building a Gigi factory, which enable the company to build batteries for its vehicles with lower …show more content…
Tesla might not have enough funds to back up all its projects. Here are some key aspects of Teslas marketing mix and why it is effective. One would say that the key element of the marketing mix is their product or product development.Tesla has built its success on the manufacturing well engineered vehicles that function on electric batteries. Apart from this Tesla new technological advanced batteries are being sold at prices that are convenient for customers of all sought. Tesla has done most of sales online, but does quite a bit in stores too.
If you ask me Tesla is a greats stock here are some reasons why. It has the best technology and strongest brand by far, in the auto market’s largest growth sector.The value of Tesla’s stock increased past Ford and General Motors to become the most valuable car company in the United States. The amount of Tesla's yearly car production rate is about to explode from 100,000 cars today to 500,000 cars in 2018 because of the company’s lower-priced Model 3. Even better, this doesn't even take into account Tesla's newest energy storage