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Analysis on Electric Vehicle Industry’s Business Strategies -- Taking Tesla as an Example
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Abstract
Tesla, a trailblazing firm noted for its innovative business practices, is at the vanguard of the automotive industry’s transition brought on by the rise of electric automobiles. The paper analyzes Tesla’s business strategy in depth and looks at how it has affected the electric vehicle market. The study uses a literature review approach to look into Tesla’s novel business strategies, market positioning, and eco-friendly projects. This research analyzes academic literature, business reports, and case studies to determine what has contributed to Tesla’s success and offer practical suggestions for future study. The results highlight the revolutionary effect Tesla’s strategy has had on the automotive industry and the global advancement of electric vehicles. The paper elucidates the underlying strategic mechanisms that fuel Tesla’s expansion and market supremacy. Policymakers interested in encouraging sustainable mobility solutions and businesses planning to participate or compete in the electric car market can both learn valuable lessons from the results.
Keywords
Tesla, business strategies, electric vehicles, market positioning
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Cite this article
Yu,H. (2023). Analysis on Electric Vehicle Industry’s Business Strategies -- Taking Tesla as an Example. Advances in Economics, Management and Political Sciences,54,135-139.
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Volume title: Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
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