Strategic Imperatives Tesla

Tesla
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July 20, 2021
When we think about high-end automobiles with cutting-edge technology that are also ecologically friendly, the name Tesla comes to mind first. This is true since the firm has grown in popularity as a result of its meticulously constructed, one-of-a-kind automobiles. Tesla has always been on the lookout for new technologies to stay up with the times, and one of the most significant changes that the entire globe is currently pursuing is the transition to far more sustainable resources rather than non-renewable resources that destroy our environment. Without a doubt these kind of innovation by Tesla will be the future of our technology in the following decades, However, in order to maintain their current popularity, they must master some strategic planning in order to remain steady in their sector. The author of this essay will discuss what strategic actions Tesla may take to overtake the competition in the next years.
As previously said, our present dilemma is the over usage of fossil fuel to power most of our machines because it is cheaper and easier to utilize than other fuel sources. According to (The National Academies, n.d.), 81 percent of the energy in the United States comes from sources such as coal, oil, and natural gas, all of which are classified as fossil fuels. These non-renewable resources are in great demand, particularly for powering industry and fueling automobiles. Our administration has witnessed the negative consequences of these practices, which is why renewable energy is now a priority.
That's where Tesla has an advantage, because their vehicles have some of the most cutting-edge sustainable technology available today. Their marketing approach should remain the same as it has been when the firm was founded, which is to provide the greatest electric automobiles that are also environmentally friendly. They will not only be the future and pioneers of contemporary electric automobiles, but they will also be the beginning of a shift to much renewable energy rather than fossil fuels. The tide of time is already turning in Tesla's favor; all they have to do now is continue to add competitive features to their vehicles in order to remove the competition between electric and gasoline-powered vehicles.
Tesla has not yet dominated the automobile industry due to its high price; for ordinary people with limited budgets, gasoline cars will clearly be preferred because they are considerably less expensive than electric cars. Electric automobiles are more expensive to purchase, but they are less expensive to operate than gas-powered vehicles. For starters, fuel prices are cheaper. Charging an electric car costs $300 to $400 per year on average, depending on when and where you charge it. The average annual cost of a plug-in hybrid is around $700. In comparison, filling up a gasoline automobile may cost anywhere from $1,000 to $2,500 each year. Because electric automobiles have fewer mechanical components and do not require oil changes, they are also less expensive to maintain and service....