Entrepreneurs Can Benefit Through Tesla’s Business Model
Tesla Motors is one of the few companies that boasts of high-end electric vehicles. Investors and stakeholders have invested in a solid stock that has resulted in stability for them. The company follows a pattern that has resulted in their massive success. Tesla stock has also gained stability due to the same reason.
The first thing that the company religiously follows is innovation. For any company to become the industry giant, innovation plays a very important role. All those companies who do not innovate are usually the ones that do not do well with the consumers. It is extremely important to come up with new services and products every now and then to make a stable mark. Tesla products are not only innovative but are trendsetters that ensure that the product penetrates deeply amongst consumers.
Secondly the company always welcomes new ideas and motivating spirits on board. The company has those partners who not only benefit the company strategically but are also motivated and enthusiastic about TSLA products. The company has always made the right choice while prioritizing about who it really wishes to partner with resulting instability and growth.
Thirdly, the company also believes in diversity. Tesla has never followed a monotonous pattern but has the urge to come up with nothing but the best. This can be governed from the fact that Tesla will only be the first company to launch an autonomous car by the fiscal year of 2015. This it is a massive achievement for the company. Moreover, the company is not just a manufacturer of equipment that fulfill the companys need but also sells its products to all those who need. This further makes its products available to the masses and propagates sales.
Tesla not only cares about its image as a brand but has always associated itself with noble causes. People tend to have a soft corner for companies involved in philanthropic activities and undoubtedly Tesla is one of the few companies that care about humanity.
Moreover, the best part about the company is that it ensures a safer ecosystem since the cars manufactured by the company do not generate any fuel or gas emission conserving the planet.
Lastly, the company values its clients. It has never tried to charge extra or more than the designated amount making it a luxury yet the budget-friendly commodity.
Thus, for any entrepreneur who wishes to establish his business needs to study how Tesla Motor governs their business in order to have growth and stability in the times to come.