Tesla Mission Statement

Improved Essays
Background on Tesla:
Tesla is truly unlike any other company. Although many companies have taken up conservation through recycling and sustainable resourcing, Tesla has devoted themselves to providing sustainable products to provide clean, safe energy products for generations to come. According to CEO Elon Musk, the mission statement is “to accelerate the world’s transition to sustainable energy” (Tesla 2017). Focusing on renewable and sustainable energy, Telsa produces a wide arrange of products to propel modern society into a more energy friendly future.
Tesla’s image heavily reflects the mission of the company. Providing sustainable products, while maintaining a company image of sustainability can prove to be daunting. The company maintains
…show more content…
focused on innovating technology that would decrease the modern consumer’s reliance on fossil fuels. Tesla unveiled their first car, the Roadster, in 2005. Despite being a large milestone for the company, it was not until the release of the Model S in 2008 that Tesla became a leader of fully electric vehicles. The Tesla Model S, with the help of technological and software modifications, shattered records to reach 60 miles per hour in 2.8 seconds. In 2012, Tesla added the Model X, a sports utility vehicle to its product line, which rolled out of production in 2015. The Model X would become the first SUV to be rated a perfect 5 in all categories, including rollover risk, by the National Highway Traffic Safety Administration (Isidore). Although proven successful, Tesla still had one major obstacle: price and distribution. Electric vehicle technology was and remains a newer exploration for the automotive market. Therefore, the cost of Telsa’s vehicles are higher than that of gasoline automobiles. However, Elon Musk, the current CEO, hopes to change this with the introduction a friendlier mass market option known as the Model 3. The Model 3 will have a significantly lower starting price at approximately 35 thousand dollars. Together with their automotive industry, Tesla has established a network of charging stations throughout the United States to offer drivers usage when away from home (TechCrunch), allowing …show more content…
The company produces the Powerwall and solar panels used for energy generation within the home. The Powerwall seamlessly operates through solar energy to provide electric power any time of day or night through their rechargeable units without failure for the average consumer. With a cost of approximately 5,500 dollars per unit, Tesla’s Powerwall provides energy for a homeowner’s need with an energy efficiency rate of ninety percent, considerably more efficient than that of its competitors (Tesla 2017). For commercial and utility purposes, Telsa produces the PowerPack. While also powered by solar, the PowerPack is built to supply a greater amount of energy than that of the power pack through 16 individual battery pods per unit. Generally used in the presence of a solar field, the product is designed to supply power for large businesses or, with a great scale, entire cities at 200 kWh of energy per pack (Muoio 2016). The Powerwall and Powerpack, along with the vehicles, hopes to propel the usage and integration of energy

Related Documents

  • Improved Essays

    Explanation The cost of buying and operating EVs and HEVs can be attributed to two main contributors: the initial cost of purchase and the driving cost. The initial cost is the price of the vehicle which, in case of EVs, depends heavily on the price of batteries (Nykvist and Nilsson). The driving cost is the expenses required to keep the vehicle operational, such as maintenance, fuel, and spare part cost. Because these factors vary depending on the type of vehicle, a comparison that accounts for all of these criteria is needed to show the total life cycle cost (LCC) of each type of transport.…

    • 822 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Law 1176

    • 2703 Words
    • 11 Pages

    In December 2013, the City Council of New York passed Law 1176. This law calls for 20% of newly constructed or upgraded parking spaces be capable of charging electric vehicles. This would require the necessary installation of EV charging equipment with an electric current of 3.1 kW or more. The added cost of this equipment is around $4,000, and is meant to accommodate and add a sense of security to the electric vehicle owners in New York City, knowing they have a place to refuel. Law 1176 promotes electric vehicle adoption, and many other benefits.…

    • 2703 Words
    • 11 Pages
    Improved Essays
  • Improved Essays

    Owning A Tesla Car

    • 360 Words
    • 2 Pages

    Owning a Tesla car has its benefits, yet there are few drawbacks that need to be addressed, to ensure this vehicle is widely applicable to the entire society. One of the benefits of owning an electrical vehicle, is no emissions are produces as the vehicle is powered and operated through electrical energy only. This means it requires no sort of fossil-fuels or biofuels, required to actively operate this vehicle. This is essential in current society, as the global warming due to excess production of greenhouse gases, is impacting the entire globe. Through the introduction of green vehicles that produce little to none greenhouse, these automobiles can effectively curb the threat of climate change due to greenhouse gases.…

    • 360 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    According to the annual report Tesla (2014), they rely on their relationship with Daimler and Toyota (Brown 0.2013). Partnership is very important to Tesla, because the supply of these companies make up a high percentage of the profits, and therefore, they cannot lose them, which makes high-strength considerably. However, they also sell their cars to individual customers, and many of the incentives offered by the government to give potential customers a tax credit deduction (Ministry Of Transportation, 2010). These programs stimulate demand of electric vehicles that make…

    • 1186 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    Tesla addresses this objective through their research, which is done on a regular basis in the automotive market. Additionally, the company continues to improve its…

    • 936 Words
    • 4 Pages
    Great Essays
  • Improved Essays

    EV1 Case Study

    • 897 Words
    • 4 Pages

    Audi, Porsche, and Mercedes – Benz are spending greatly in battery – electric cars as opposition for the Tesla Model S, which costs anywhere between $70,000 and $105,000. However, as more electric cars are manufactured, prices are more likely to drop. In about 10 years, the price of an electric vehicle will be approximately the same price as the price a similar size gasoline vehicle. The price of batteries are also decreasing, and the price of motors and controllers and all the unique components used to manufacture electric vehicles are decreasing considerably, which will eventually cause the price of the electric car to also decrease.…

    • 897 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Corporate Level Strategy and Business-Level Strategy, Tesla Motors is a company that has known how to well penetrate in the car industry and in the market. According to Liu, Kang, Wu, Chen & Hon “Tesla is pursuing market penetration strategy and related constrained. Tesla intends to enhance their influence on the current markets with their current products. They also market their electric powertrain components to other automakers (2014).” Tesla is really focusing on working on market penetration and all related to it, so the company wants to penetrate in the market using their current products and offering tis product to other car companies.…

    • 722 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    The company has had both successful and unsuccessful when it came to developing and researching. It is at this stage where Tesla Motors and other companies find new ways to promote to different segments with its features and promotions. Tesla is known to produce eco-friendly electric cars and is considered to be one of the most dominant companies within that part of the market. The company is still testing out the waters for its automotives while at the same time developing and growing its brand and…

    • 1028 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The company’s strength in design and engineering is Tesla’s largest differentiation from its competitors. The company has used its advanced engineering and design to build the foundation for its strategy,…

    • 1053 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    Tesla has differentiated its brand from other companies by adding luxury to its car in terms of utility. Tesla focuses on making its brand more environmentally friendly by offering sustainable alternative models of vehicles that are energy efficient. For example, The Model S is a sports vehicle that offer a unique combination of luxury in terms of styles, safety, convenience, to name a few features. On the other hand, the Model X was more advance in terms of luxury in that made the car more sophisticated such as a falcon wing door system and touch screen driver interface. However, these features did not compromise the vehicles performance and energy efficiency.…

    • 1161 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    It is obvious, that Tesla is not the first company that deals with green technologies and there is a great number of other companies that proclaim their adherence to environmentally friendly technologies. However, these companies just try to make traditional vehicles less environmentally unfriendly, while Tesla tends to create absolutely new Electric vehicle that could reduce emissions to zero. That is why, it is possible to say that the unusual character of the company and usage of new technologies, which are taken as the technologies of the new era, could help it to evolve and attract more…

    • 1691 Words
    • 7 Pages
    Improved Essays
  • Superior Essays

    When implementing this strategy, it is important for operations managers to do market research. Tesla noticed that the use of gasoline cars was negatively effecting the environment, therefore they designed a car that is powered by electricity and consumes 50% less CO2. This allowed Tesla to target consumers who also had the same vision as Tesla, focusing on being environmentally sustainable. Most individuals would prefer a car that is easy, convenient, reliable and environmentally friendly. Tesla has met all these factors which has pleased consumers and therefore improved the performance of the business.…

    • 1833 Words
    • 8 Pages
    Superior Essays
  • Improved Essays

    In fact, Tesla even produces some other products to help the environment such as solar panels and things of that nature. “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” (Tesla 2017). They are working hard to reduce the CO2 emissions produced by the people and they also produce products that help one harness energy from renewable sources like the wind, water, and the sun. This truly puts them one step ahead of their competitors.…

    • 1080 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Tesla Target Market Essay

    • 1100 Words
    • 5 Pages

    Therefore, Tesla wanted to introduce an alternative in this specific market segment as there were no high end fully electric cars at that time. Tesla has developed a line of luxurious electric vehicles that combines performance and style, while still maintaining a competitive price. Tesla’s Model S and Model X were designed to be the best electric performance cars on the market and still are one of the most affordable vehicles in that specific market segment.…

    • 1100 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    The first thing they need to do is to tell customers what an electric car is, a so-called "primary concern," and then talk to customers about what a Tesla car is. This is because an electric vehicle is a new thing and even now not a lot of people are using the electric vehicles. The most customer just knows the name of the electric car but the consumers don't know really the about electric car's knowledge. Tesla must first cultivate consumer's perception of electric vehicles to let consumers understand, why so much for Tesla and what is the reason behind. There are no cars dealers are willing to spend so much effort to get consumers to know electric cars, which can only be done by the Tesla…

    • 1059 Words
    • 5 Pages
    Improved Essays