Tesl Background Summary And Business Conditions - 1637 Words

Tesla Background Summary Business Conditions Inspired by the patented design of Nikola Tesla, Tesla INC. was established in 2003, when a group of engineer from Silicon Valley challenged the theory that electric car could be better than gasoline powered cars and more efficient. With Elon Musk, as CEO, Tesla’s mission is to increase its sustainable energy productivity and market its products to become more affordable. To provide electricity, Tesla utilizes lithium ion battery for energy, and now its extension spreads to 30 countries from across North America, Europe, Australia, China and South Korea. In 2012, Tesla launched the first fully operated electric sedan, with moderate comfort and storage, the battery is located in the†¦show more content†¦It could create a major difficulty for the company to continue to thrive, especially when the unit price for a car is farfetched for most consumers to afford. Employee Values and Loyalty Adjustment Tesla continues to hire more than 2,500 employees annually. 95% of its workers are in the United States, totaling 85% males, along with an average of 36 years old. To retain its employees, Tesla offers full health benefit to all of its workers, including dental, vision, preventative care, life insurance, bereavement, concierge services, as well as birth control and a plan to reduce maternity costs to assist its employees. (Lejeune, 2012). The organization examines closely its candidates before accepting them within its assembly, even the CEO conducts some of the interview. To enhance, the firm relies on high demand for Engineers and qualified staff. Despite recent layoffs in China, Tesla has no shortage of applicants, however the company fails to publish detail information about its workers regarding salaries, wages and other form of compensations. (Roberts, 2015) Internal External Issues As an emerged company, Tesla contributes significantly to administrative misconduct, fraud, underachievement and controversies. For instance, when Designer Engineer, Cristina Balau Stated that quality issues increased as production augmented on Tesla’s Model S, due to the application of bad parts in the car, she was force to quit her job and later filed aShow MoreRelatedBusiness Plan9238 Words   |  37 PagesDiploma in Business Studies (BM111) Faculty of Business Studies Universiti Teknologi MARA, Johor Bahru. ------------------------------------------------- Madam Nor Fazlin binti Uteh, Lecturer Fundamental of Entrepreneurship (ENT 300) Universiti Teknologi MARA, Johor Bahru. 25th February 2013 Madam, SUBMISSION OF BUSINESS PLAN PROPOSAL (ENT 300) Referring to the subject stated above, we submitted this proposal of our project paper for our ENT 300 subject.This business plan is focusing