Using the industry life cycle model, elaborate on the stage of the life cycle that the car industry was in prior to Tesla’s entry. How was Tesla able to enter this industry? What competitive advantages has it created along the way?
First, consult the data you gathered on your selected companies in Milestone One and review the current state of the economy by examining current interest rates and inflation rates retrieved from the Value Line and S&P Dow Jones websites.
July 4, 2019For Tesla’s primary source of future revenue, is it reasonable to rely on trends in the historical sales in order to forecast future levels of sales? Why or why not?
July 4, 2019Using the industry life cycle model, elaborate on the stage of the life cycle that the car industry was in prior to Tesla’s entry. How was Tesla able to enter this industry? What competitive advantages has it created along the way?
Please review the attached article about Tesla and answer the following questions: (2000 words are required)
1. Using the industry life cycle model, elaborate on the stage of the life cycle that the car industry was in prior to Tesla’s entry. How was Tesla able to enter this industry? What competitive advantages has it created along the way?
2. What does Tesla need to do to “cross the chasm” and become a mainstream player in the car industry? What are likely to be the key sources of resistance (consumer/supplier/distribution/etc) that it will encounter, and how can it overcome them?
3. Specify three key strategies that Tesla needs to implement to stay ahead of the competition and ensure its viability in the long run.
