Geographic regions have had great influences on the determinants of innovative activities and technological changes. It is bound together by a network of shared advantages which has created regional innovation clusters as well systems of connection globally that brought about long-term economic prosperity, productivity, and growth. These geographic innovation has had profound effects on our society with the invention of the automobile undeniably a standout. However, there are over one billion vehicles in the world today (Plumer, 2011), releasing potentially catastrophic amount of greenhouse gas. Hence the interest in a cleaner alternative has continually increased with electric cars at the forefront of research and development. Federal …show more content…
In a market with hundreds of players globally, Tesla had to compete in one of the most mature and challenging industries in the world. Rather than being influenced by Detroit – Motor City, home of the Big Three American auto titans, General Motors, Ford, and Chrysler, Tesla decided to start its company elsewhere. Tesla Motors was founded in 2003 by a few engineers in Silicon Valley, who “wanted to prove that electric cars could be better than gasoline-powered vehicles” (Tesla, 2016)
Favorable Access to local universities
One of the most outstanding characteristics of the innovation powerhouse Silicon Valley that helped Tesla as a startup is the intrinsic network of facilities infusing the entire environment. Some of the most prestigious research universities in the world (e.g. University of California, Berkeley and San Francisco; Stanford University) are authorities of new technologies and inventions. As a startup, Silicon Valley’s top researchers provided Tesla the opportunity of exploiting these growing pool of talent by collaborating with them. In fact, Tesla and Berkeley teamed up to research on solar storage technologies (SolarCity, 2010) that would later on help Tesla to start building solar-powered charging stations for their electric cars (Parrott, 2015). Tesla had access to a deep reservoir of top technical talent and knowledge that would help to conduct innovative
Tesla Motors is a global enterprise specializing in the design, production, and marketing of electric powered vehicles founded in 2003 by the young businessman, Elon Musk. Elon is well known for co-founding paypal, and now he amazes the world again with his incredible vision of Tesla Motors, and being the main product architect. Tesla Motors appeals to the environmentally friendly market, by currently being the only company to sell a zero-emission sports car. Tesla’s fundamental motive and selling point is producing only electric vehicles, as opposed to competing companies, producing a combination hybrid, or diesel car.
Tesla Motors was founded during the year of 2003 in silicon valley, with one goal; to create a more sustainable way to power vehicles. Tesla strives to produce high quality electric cars at an affordable price. Tesla produces three models; the model s, the model x and the model 3, a wide price range allows anyone to make the transition from gasoline powered vehicles to electric powered vehicles.
This year more than a million electric cars were sold. It is on 60% more than last year. (Lorraine Chow). And half of them were bought by China. (Frank Holmes). But regardless of all the sales, electric cars are still only 0,2% of all cars in the world. (Megan Geuss). There are more than 17,000 charging stations in US, about 150 of which are in Iowa. (Electric Vehicle Charging Station Locations) And governments want Electric cars industry to grow. The most popular Electric cars brand received almost 200 million dollars from State Department and 1.3 billion dollars from Nevada State to build a massive battery factory (Harry
Tesla Motors is an American car company named in honor of the groundbreaking electrical engineer and physicist, Nikola Tesla. The company was founded by Elon Musk, a 42 year-old Stanford drop-out and South African born billionaire, entrepreneur, and innovator in electrical engineering, space exploration, and solar power (Ener D1). Having made his first claim to fame via internet money exchange giant, PayPal, Musk would make another tidal wave via the auto industry with the high-performance class of Tesla all-electric sports cars, four doors, and SUVs. (Griffiths 42).
Tesla Motors, Inc. is a startup automotive manufacturer of electric powered automobiles based in Silicon Valley, California. Named after the famous Russian inventor and visionary, Nikola Tesla, the company was started by Martin Eberhard in 2003 with the objective to manufacture and market electric cars that would be powered by Lithium-ion (Li-ion) batteries – the same kind of batteries that power notebook computers and cell phones. Funding for this venture was initially largely provided by Elon Musk, who was one of the founders of PayPal. After making roughly $180 million from the online payment service, he helped get Tesla off the ground in 2004 with an initial investment of $6.3 million. Later a number of wealthy individuals and private equity firms provided additional funding to the company.
Tesla Motors are noted to have personnel with a unique expertise in their field of work. These individuals help in carrying out activities that lead to the great performance of the company. The various innovations applied by these people is what led to the better performance of the company. Elon Musk along with taking over the leadership of the company brought about his experience in the firm and this was to influence the future performance of the company. Elon masterminded the designing of the Roadster and also included the marketing of the ordinary vehicle in the goals of the company (Hunger, 2010). This was something which had not been done by those who were there before him and thus his
Zoom! A bolt of red whisks across the street. Nobody had even heard the bolt zoom by. It stops at the stop light and the symbol said Tesla it was an electric car. It didn't even have smoke coming out of the small exhaust pipe. Electric cars are the way of the future because it doesn't hurt living creatures, the environment, and how to help with getting rid over the oil transportation machine.
The future American commuter will undoubtedly have to transition from the use of fossil fuels to new alternatives due to the diminishing availability of the nation’s oil resources. How will America respond to this upcoming issue? It is difficult to predict which alternative fuel source America will ultimately choose, but with the premier of Nissan’s electric powered Leaf and other companies; such as Tesla Motors and Chevy, with their electric cars ready for market, the electric car may be winning the race to become the new standard for the gasoline alternative. Electric cars resolve long standing environmental issues, but it will need to maneuver around many roadblocks to become a marketable consideration for the general public. The
Tesla Motors Incorporated, an American company that designs, produces, and sells electric vehicles and their electric components, has become one of the fastest growing car companies in recent history. The company’s main goal was to start creating electric vehicles that were accessible and affordable to the public. Founded in 2003 and taking off successfully by 2009, Tesla Motors started selling the first mass-produced vehicle to use lithium-ion battery cells and hold a range of greater than 200 miles on just one charge. Along with building their own electric vehicle models, Tesla also builds electric powertrain components for vehicles from other automakers including cars such as the Toyota RAV4 electric vehicle. Tesla has begun to maximize
Tesla Motors is an american automaker and energy company founded by Elon Musk, Martin Eberhard, Marc tarpenning, JB Straubel, and Ian Wright with the idea that electric cars are better than gasoline vehicles. The company designs, manufactures, and sells electric cars and electric vehicle powertrain components to other automotive companies such as Daimler and Toyota (Tesla, 2013). Tesla is stationed in Palo Alto and has wholly-owned subsidiaries in North America, Europe and Asia. It has 31 retail locations and service shops spread worldwide, and more stores are expected to be opened in the future (tesla, 2013). Tesla’s goal is to maintain profitability and offer high performance high-end electric vehicles for the average consumer. offer an efficient alternative to gasoline fueled vehicles .Tesla gained initial attention with the launch of the first zero emission electric sports car, the Tesla Roadster in 2008. For the company 's second vehicle, Tesla developed a zero emission luxury electric powered sedan the Model S. Tesla designs, develops, and manufactures lithium-ion battery packs, electric motors, and components for its own vehicles and some competitors like Daimler and Toyota.
Tesla Motors has built quite a reputation in the automotive industry since the establishment in 2003, leading the innovation in a sustainable transportation system. The company has grown to be the largest manufacturer of electric cars in the market. It has contributed more than 50,000 cars in road all over the world as of today. (Tesla Motors, n.d.). Its main goal is to create a transportation system towards to a zero-emission future that is more environment -friendly and sustainable.
Tesla Motors based in Palo Alto California, was founded in 2003 by Jeffrey B. Straubel, Elon R. Musk and Marc Tarpenning. This American company designs and manufactures electric-powered automobiles and operates as an Original Equipment Manufacturer (OEM), manufacturing electric-based power plant components for other automakers. Tesla is currently investing in the design of battery-efficient, cheaper, mass-market electric car models.
Tesla Motors is an American company, founded in 2003 in Silicon Valley by a group of engineers, who had a vision to create fantastic electric vehicles.
How can Tesla Motors continue to sustain its competitive advantage in not only the electric vehicle industry but also as a leader in sustainable lifestyle?