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Analyzing the Impact of Technological Innovation: A Case of Tesla's Self-driving Technology
- 1 Rosedale Global High School, Kunming, Yunnan 650000, China
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Abstract
Against the backdrop of rapid global economic development, autonomous driving technology, as a revolutionary change, has attracted a large number of investors and corporate enterprises to invest and explore. This paper studies Tesla's R&D investment in Autopilot technology and its impact on market competitiveness between 2017 and 2019. By analyzing data from Tesla's official website and other reliable sources, the study finds that Tesla's high R&D investment and data-driven approach have significantly improved the safety and reliability of its Autopilot technology. For example, Tesla's Autopilot system enables a highly automated driving experience through multiple sensors and powerful computing capabilities. The results show that Tesla's leadership in Autopilot technology has greatly enhanced its market competitiveness and driven the industry as a whole. The study's conclusion suggests that Tesla's technological innovation not only improves the company's competitiveness but also drives changes in the mobility ecosystem, which has a positive impact on Tesla's development.
Keywords
Tesla, Technological Innovation, Self-driving
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Cite this article
Xiao,T. (2024). Analyzing the Impact of Technological Innovation: A Case of Tesla's Self-driving Technology. Advances in Economics, Management and Political Sciences,99,121-127.
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The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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Volume title: Proceedings of ICFTBA 2024 Workshop: Finance in the Age of Environmental Risks and Sustainability
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