Essay on The Future Work -Tesla Motors

THE FUTURE WORK

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Description of company..............................................................................................................1
Literature Review........................................................................................................................2
Scenario development.................................................................................................................3
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................4

INTRODUCTION
Present study will be based on Tesla Motors which is a technology firm and working as
an independent auto maker. Current assignment will give description of the company, its
products and services. Furthermore, impact of technological advancement on unemployment rate
will be discussed in this study. Numerical data in this respect will be presented in this report.
MAIN BODY
Description of company
Tesla Motors was established in the year 2003 with the intention to prove that electric
vehicles can be better and quick as compare to gasoline cars. It is specialized in making electric
cars, energy storage (Jenn, Azevedo and Ferreira, 2013). In the year 2008 Tesla has launched its
first electric car Roadster. The main success of maker was that this electric car was able to run
245 miles on a single charge. Its performance was good as compare to gasoline cars. This
lightweight care body was manufactured by using carbon fibre. In manufacturing of this auto
mobile part engineers have not used internal combustion engine. Tesla has signed production
contract in the 2005 with Lotus. Tesla has delivered electric cars to consumers at affordable rates
(Johnston and Marshall, 2016).
In the year 2014 revenue generated by Tesla motors was US$3.198 billion. Operating
income of the company was 186.7 million, net income was 294.0. In the year 2014 its total assets
was 5.849 billion whereas total equity was 911.7 million. Currently company has employed
12000 employees. At the time of hiring of candidates it generally looks upon the candidates
those who have interest in electric vehicles and have necessary skills to work in auto mobile
company (Quatraro and Vivarelli, 2014).
Products, services and customers
Tesla Motors offers electric vehicles and Tesla energy vehicles. It offers sedans and sport
cars to consumers that want to drive safe and fast (Sovacool, Noel and Orsato, 2017). Cited firm
is producing Tesla Energy Products which is part of stationary energy storage products. It is
generally used in commercial vehicles. Cited firm applies model S in its car manufacturing
process (Brotchie and et.al, 2017). Due to implementation of this model it has received positive
reviews from consumers.
Tesla provides replacement services, repairing services to its consumers if any fault occur
in the car. It has many service centres in many locations those who provide three free services to
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its potential buyers (Schwab, 2017). Services of company include pay bill through online system,
customization of subscription, review subscription, get chance to win gift, get tailored services
and suport from customer service executive.
Its customers are youngsters and middle income class people those who are unable to buy
expensive cars of Toyota and other companies. Fuel is the major concern for these clients this,
company targets this customers so that they can travel in electric luxurious cars (Coppola and
Morisio, 2016).
Literature Review
As per the view of Carl Benedikt Frey† and Michael A. Osborne‡, (2013) increasing
technologies is declining manufacturing employment due to which current rate of employment
has been decreased to great extent. In many of the firm auto mobile companies are taking support
of high technologies due to which they do not require much staff. That is cost effective for the
firm but affect income sources of population to great extent. Brotchie and et.al, (2017) argued
that there has been structural shifting in the labour market because middle income labours have
been nor working as low income service occupation. It has been described that technological
innovation is increasing and development in sophisticated software is affecting labours market
negatively.
Johnston and Marshall, (2016) has pointed the thing that there are some works which are
manual and cognitive but still some works are in the organization for which company's are
required skilled employees because these task can not be completed by any machine. These are
such as driving, legal writing, medical diagnoses, selling etc. According to Carl Benedikt Frey†
and Michael A. Osborne‡, (2013) auto mobile industry has been grown well as compare to
previous year, there has been 6.8% growth in this industry. It is because of implementation of
advance technologies. Due to this, companies are terminating their staff so that they can reduce
cost and can apply these machines in the workplace (Carlson, 2013). This helps in increasing
production and supports in manufacturing a correct model or car which can not produce by
engineers because they may make mistakes.
According to Schwab, (2017) improvement of sensing technology has improved data
sourcing which has helped in rendering many tasks computable. It is facet that most of the auto
mobile firm fit these sensors in their auto mobile products in order to improve supply chain
management and identifying or measure moisture in this field. Jenn, Azevedo and Ferreira,
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