Tesla's Global Strategy: A Report on Sustainable Development Aspects

This report provides an analysis of Tesla's global strategy through the lens of sustainability, examining the people, profit, and planet aspects. The people aspect focuses on employee welfare and skills training. The profit aspect discusses responsible resource utilization for long-term economic viability. The planet aspect emphasizes reducing environmental impact through carbon footprint reduction and waste management. Key points of interest for Tesla's CEO regarding future sustainable development include accelerating electric vehicle adoption, increasing power wall capacity, encouraging technological innovation, increasing collaboration, and powering Gigafactory with renewables. Recommendations include hiring a chief operating officer, increasing transparency, and strategic decision-making regarding mobility. The report references academic sources to support its analysis and recommendations. Desklib provides access to similar reports and solved assignments for students.

GLOBAL STRATEGY AND
SUSTAINABILITY

TABLE OF CONTENTS
• The PEOPLE aspect of the three main pillars of sustainability in relation to Tesla.
• The PROFIT aspect of the three main pillars of sustainability in relation to Tesla.
• The PLANET aspect of the three main pillars of sustainability in relation to Tesla.
• Key points of interest for the CEO of Tesla regarding future sustainable development
• Relevant recommendations
• References

The PEOPLE aspect of the three main
pillars of sustainability in relation to Tesla.
• People sustainability on the other hand involves offering priority to
the welfare of the workers of Tesla. For instance, the target offers bi-
annual skills training to its employees which they can utilize in the
future.
• The skills that they need can prove out to be useful to the operational
activities in the future.
• Moreover, it may involve offering the workers with increased working
hours and also increased conducive working environment.

The PROFIT aspect of the three main
pillars of sustainability in relation to Tesla.
• For the profit of the economy, sustainability refers to using specific a
particular combination of resources in a accountable manner which will
permit them to be utilise on a longer period.
• For instance, a diesel power plant executes 24 in a day in a city using
the diesel engines which emit black smoke and develops a sound that is
distracting.
• The biggest thing about the sustainability is that if the planet and the
people are being taken care of then the profit could also be achieved.

The PLANET aspect of the three main
pillars of sustainability in relation to Tesla.
• This aspect often gets more attention. Most of the companies
emphasizes on the reduction of the carbon footprints, packaging
waste, use of water and other damages to the environment.
• Other than helping the planet, these activities can also have a
positive influence like the reduction of the use of the packaging
materials which means decreased spending and enhanced fuel
efficiency which assist with the budget of Tesla company.

Key points of interest for the CEO of Tesla regarding future
sustainable development
• Its acceleration of the take up of electric vehicles
• It increased the capacity of the power wall for free
• Its CEO is encouraging amazing new technology
• It is increasing collaboration
• Its huge Gigafactory will be fully powered by renewable

Relevant recommendations
• Hiring and empowering- a chief operating officer
• Being more transparent about the things that are necessary
• Being less transparent about the things that are unnecessary
• Deciding early about what to do about mobility
• Consideration of separating the mobility and the business of car
• Turning profitable

References
• Confetto, M.G. and Covucci, C., 2021. A taxonomy of sustainability topics: a guide to set the corporate
sustainability content on the web. The TQM Journal.
• Du, Y., 2021, December. The Impact of Environmental Regulation on Technological Innovation of Automobile
Industry in China’s Market-A Case by Tesla. In 2021 3rd International Conference on Economic Management
and Cultural Industry (ICEMCI 2021) (pp. 1957-1963). Atlantis Press.
• Rodriguez, A.J., 2022. A controversy analysis of Tesla's (big) battery in Australia (Doctoral dissertation,
Queensland University of Technology).