Tesla Car Industry: Global Recession Of 2008-2009

Today’s society now has a greater concern for the environment which can affect the automobile industry. More people want hybrid or fuel efficient cars to decrease their carbon footprint. People also want to see businesses take on more corporate social responsibility as well as continuing advances in technology.

Introduction Automobile usage has increased in America and elsewhere in the world. In a research done by Sutherland, J., et al. (2004) “The US has a contributed to 200 million passengers in cars and light truck over the past few years. Further in 1990, studies showed that US cars increased six times faster than human population. The leaders in the automotive industry must adopt some key elements to ensure success in this fast-moving environment. They must invest in knowing their markets, building brands, adapting product strategies and taking long-term view on their goals and objectives. This paper outlines some of the key factors which should be considered. Environmental factors automotive designers and engineers have always said the main threats in the American Automotive industry are the environmental factors such as fuel economy and the clean air regulations. Automotive Emission posed different problems than manufacturing discharges such as coal smoke. Increased fossil-fuel emission has resulted from the million car increase. Irritation smog, which is comprised of carbon monoxide, hydrocarbons, sulfur oxide and other various chemical mixtures are cited in major cities such as Los Angeles. These auto emissions are also said to cause headaches, visual pollutions, contribute to lung cancers and other respiratory disease. In the end, the engineers have designed cars that are better environmental performers, cost effective and fuel efficient to reduce the environmental

Tesla is working on implementing a self driving feature to all three of their models. This will allow Tesla's vehicles to be safer than a human driver and increase the amount of buyers. Tesla has plans to introduce a fourth car to the line, at a cost so low, almost everyone will have the ability to afford it. This will help increase market share and generate a higher profit. Tesla's earnings are expected to grow at a 30% annual rate over the next five

The automotive industry was the most adversely affected in the crisis. The effects of the Great Depression also set the stage for another huge moment in the American automotive industry. During the depression, automobile companies had to make financial sacrifices to stay in business, and the working conditions of their employees worsened. Hours got longer, pay cuts were rampant, and strikes and walkouts became worse. This would lead to eventual unionization of the automotive workers in the late 30s and early 40s. The formation of the UAW in 1935 and its huge growth in subsequent decades drastically changed the landscape of the industry for both auto companies and their workers. When the depression ended, there was a large increase in replacement demand. More families could afford to purchase cars, and those who already had them were looking to upgrade to newer models.

Opportunity: For the overall electric automotive industry and Tesla, they should improve its financial performance through government incentives to alleviate the problem of carbon emissions from its car models.

The car market has been ran by companies such as Volkswagen, Toyota, Ford, BMW, and many other companies, but one of the newer, up and coming companies in this market is Tesla Motors Inc. Tesla has been around for a little over 10 years, and have come quite a long way from where they began. Tesla now sells luxury electric vehicles different than any other electric vehicles today, and they have big plans for expansion in the future. Tesla may not be one of the biggest car companies today, but one day they will be considered alongside companies such as Toyota and Ford.

In 2008 and the years after, the auto industry along with most other industries suffered greatly due to the recession. This impacted Detroit, the Motor City, greatly. Thousands of people were out of work, many companies leaving the area, and the overall moral of the city changed.

Every day, millions of Americans turn on the engines of their cars and drive to school or work. What these people do not realize is that the vehicles they operate greatly pollute the planet. According to the Environmental Protection Agency’s recent website post, “Environmental Impacts from Automobiles”,

Americans have always been interested in automobiles. One piece of evidence to prove this would be how children cannot wait to turn 16 and get their driver's license and their first car. This is always an exciting time because most teenagers are in the market to buy a new vehicle. If they aren’t, their parents are in the market to purchase a new or used vehicle for their newly licensed drivers. Teenagers seem competitive in who has the best vehicle in some way; whether is comes to have the best car out of all their friends and others may just want good gas mileage to get to school, home, and work. Whatever the case is, we always think our vehicles are better in some ways than other vehicles on the road. Whether

In 2008, the auto industry lost millions of dollars daily due to a deficit in auto loan financing. Years of collective bargaining with unions and a lack of fuel efficiency incentives caused the heartbeat of the big three auto industry to nearly flatline. These problems left them with only two alternatives, face bankruptcy or accept a resuscitation life line.

I would recommend that Tesla Motors continue their promise to mass-produce affordable electric vehicles. As mentioned in Myopia, one of the greatest enemies of this knowledge is mass production. Tesla would be able to eliminate other car manufactures from entering the market with affordable electric vehicles and take on the existing car manufactures that are producing electric vehicles. Tesla Motors is still a leader in the electric vehicle industry and if the Model 3 becomes a huge success, they will dominate the affordable electric vehicle market.

So we all know that cars use gasoline right? And when cars use gasoline, they create carbon dioxide which increases global warming. But when you hear about the idea of electric cars, you would be excited and you wanted to order one instantly. You were ready to abandon your old cars and soon you will be slashing your carbon footprint into that sexy new vintage Tesla Model S. But if you are selling that old car you have had for years to buy the new Tesla, all you really are doing is just buying a bright shiny eco-friendly car. Yes, it may be the new trend of the next generation, but it still has its downsides. Usually, the companies who make electric cars like to market them as the greenest object known to mankind. Yet that message they are sending

In contrast, emissions from automobile fueled by gasoline and industrial plants and other factories that burn oil and coal negatively affect the atmosphere. Pungent smelling odors in the air, which is being expelled from these facilities are being deemed greenhouse gases. Nearly, eighty percent of the United States greenhouse gases are carbon dioxide emissions from energy connected sources. The automobile industry took notice specifically the electric-auto maker Tesla Motors, who ditched their electric car patents in an effort to incite a revolution in the production of electric cars. Tesla Motors realized that their company could not mass produce enough electric cars to compete with the auto makers who were producing gasoline cars at an enormous

The natural environment such as our main natural resource for fueling our vehicles, oil, has aided in the increased sales of the Toyota Prius. Since gas prices increased in 2008, a fuel efficient car such as the Prius is economically and environmentally friendly. Toyota created the hybrid that “combines a gas engine with an electric motor” using less gas than the usual sedan. (Kotler & Armstrong, Principles of Marketing, 2010)

In 2015, Tesla sold 10,045 Model S cars which was a 55% increase in sales of this car from the previous year. Considering how well the Tesla Motor company’s stocks are doing, how many expectations they are exceeding increasingly each year, the massive amount of profit annually, and the growing market of electric motor vehicles, I believe Tesla Motors will be around for quite some time and, with this information, I confirm it is a stable company. The goal of Tesla Motors is to create affordable mass market electric vehicles in an effort to reduce carbon emissions, along with water and land pollution generated by oil and gasoline, two required ingredients in the operation of ordinary motorized vehicles that control 99% of roads globally. Their goal has been achieved and continues to be achieved each year in the progressing amount of electric cars sold not only by Tesla Motors, but other motorized vehicular manufacturers that have borrows some ideas from the electric car design Tesla created. Elon Musk and the other founders of Tesla Motors wanted to enter the auto motive industry with a high-end product of which targeted affluent