Operations Management of TESLA Inc.

Operations Management
of TESLA Inc.
1

Contents
INTRODUCTION...........................................................................................................................3
TASK...............................................................................................................................................3
Company Introduction:................................................................................................................3
Quality Management of TESLA Inc:..........................................................................................4
Lean Production at TESLA Inc:..................................................................................................6
Triple bottom line for TESLA Inc:..............................................................................................7
Recommendations:......................................................................................................................8
CONCLUSION................................................................................................................................8
REFERENCES..............................................................................................................................10
2

INTRODUCTION
Operations management is a set of activities by the management which aims at increasing
the overall efficiency of the operations of any organisation. In the following project report, an
attempt has been made to understand the approach which is being followed by the management
of TESLA Inc., an American car and automobile manufacturer with high-technology equipped
vehicles, for the operational management of the company (Cornell and Damodaran, 2014). In
this report, an attempt has also been made to evaluate the performance of TESLA Inc. in three
major areas of economic, social and environmental impact with the help of triple bottom line
framework. At last the report aims to provide some recommendations and suggestions for the
management of the company to increase the efficiency of operational management.
TASK
Company Introduction:
TESLA Inc., formerly known as TESLA motors, is an American automobile manufacturer
which deals with the production of electric cars and automobiles. The company was founded in
the year 2003 by two American entrepreneurs Martin Eberhard and Marc Tarpenning and they
named the company after an American inventor Nikola Tesla to signify the focus of the company
to bring the best technology in the field of automobile sector. The company was formed with the
objective of building an electric sports car with the aim of mitigating the consumption of fossil
fuels. The first car was launched by the company in the year 2008 named Roadster which could
drive up to a total of 245 miles on a single charge. Since then, company has been bringing
disrupting technological revolutions in the automobile industry and sector. The current CEO of
the company, Elon Musk, has vision to develop a completely automated self-driven technology-
equipped car with no need of drivers. It is important to understand that the company is not only
dealing in car manufacturing but it is focusing on innovative technology. Operations
management refers to the concept and approach of the management concerned with evaluation
and monitoring of the business activities of an organisation with a desire to bring the highest
level of efficiency in the organisation (Fernandez Garces, 2018). It has the aim to undertake
conversion of goods and materials into products with the best possible efficiency to increase the
profitability of the business operations. The two distinct approaches of operations management
3