Overview of Strategic Management

Strategic
Management
Student Name
3/25/2020
Contents
Background................................................................................................................ 3
Challenges faced by Tesla.......................................................................................... 3
PESTLE Analysis.......................................................................................................... 5
References................................................................................................................. 7

Background
Tesla Motors an American electric-automobile company. It was founded in
2003 by Martin Eberhard and Marc Tarpenning, American contractors and
was named after Nikola Tesla, a Serbian American inventor. The
incorporation of Tesla motors was done to develop an electric sports car.
Tesla is widely recognized for his important contributions to electrical
engineering and science and has become a symbol of pop culture for
engineers in recent decades. The company established to show that electric
vehicles do not need any concessions–they can run faster, quicker and more
enjoyable than conventional cars. Today Tesla produces clean, efficient solar
energy manufacturing and storage technologies not just for all electric cars,
but also. The sooner the planet starts depending on fossil energy, the more
Tesla claims it heads to a path with zero pollution, the stronger. In the year
2008, Tesla launched its state-of-the-art battery and electronic power trains,
Roadster (Amayo, Horsfall Jr, and Feldmann, 2016).
Moreover, from the following 11 years on the market, Tesla has rated both as
company and as an automobile organization as the world's top-selling plug-in
and best-selling electric car battery maker by vehicles in 2019, with a market
shares of 17% for the contact category and 23% of the electric battery sector
(Chen, and Perez, 2018).
In the following part there will be more detail about challenges faced by
Tesla or upcoming challenges and environmental factors which impacts Tesla
market.
Challenges faced by Tesla
As the competition is rising and there has been a good growth in the profit of
the company there are still some challenges left to be solved. The challenges
are as follows: