Critical Evaluation of Elon Musk's Entrepreneurial Performance and Shortcomings

Innovation and
entrepreneurial

Table of Contents
TASK 3............................................................................................................................................3
Critical evaluation of entrepreneurial performance and any shortcoming of Elon Musk during
his investment in ........................................................................................................................3
REFRENCES ..................................................................................................................................6

TASK 3
Critical evaluation of entrepreneurial performance and any shortcoming of Elon Musk during his
investment in
Elon musk has made investments in various organisations since the start of his
entrepreneurial career. Tesla is an American clean energy and electric vehicle company which is
headquartered in Palo Alto, California. Elon Musk invested in Tesla during it's initial years. He
contributed US$6.5 million in January 2004 as a venture capitalist and made several other
investment round in order to build Roadster first car of the company. The business plan as a
start-up organisation involves three steps with the first step was to develop high end high
performance sports car in order to provide electric vehicles which were trendy and sustainable.
The seconded step of this business plan focused on creation of luxury sedan which would
compete with premium vehicles on a global scale. Third step of this business plan was top
produce low cost electric vehicles for the masses. A legal settlement in 2009 allowed Elon to be
considered co-founder of the company. Tesla is a leading member of the electric vehicles
industry and the market valuation of the company in the year 2020 is reaching 442 billion US
dollars. The share price of the company from September 2019 to the the same month in the year
2020 rose by 950 percent. The company produces wide range of electrical vehicles and offers
Solar panels and roofs to their consumer. In addition to this the company also offers Tesla
batteries which are used for small scale grid energy storage batteries. The goal of Tesla
according to Elon Musk is to create affordable mass market electric vehicles that could be as
cheap as $20,000 in third generation cars.
Entrepreneurial performance of Elon Musk
Tesla motors failed initially due to a technical fault in the first electrical vehicle model
Roadster. Roadster was the first electrical vehicle offered by Tesla and Elon Musk participated in
the product design of this model. Tesla had to recall 345 of their roadsters from the market due to