Elements and Factors behind Tesla's Growth - Case Study Example

The paper “Elements and Factors behind Tesla's Growth” is a persuasive example of a business case study. The fluctuation in the cost of fuel to operate cars and machinery has resulted in many innovative attempts to find an alternative. Many motor vehicle companies have taken the challenge to research and invent vehicles that do not require gasoline but rather rely on electricity for energy. The initiation of such a noble course aimed at producing cars that use clean energy without having any wastes that pollute the environment.

However, the concept of electric cars has grown to surpass the need to protect the environment and incorporate a desirable lifestyle that communicates class for persons who own such cars. The Tesla Company is most notable for its innovative mechanism towards ensuring that the electric cars it produces are efficient to all the needs that one has. The company has forged a name for itself by ensuring that it produces both basic and luxury cars that suit different markets and present good competition to those that are powered by gasoline.

However, many companies also produce electric cars. Despite this fact, Tesla standouts as the main manufacture of such cars and monopolize some aspects of the market. Exploring the various elements that contribute to the company’s growth both in sales and popularity is an empirical factor as it forms the basis of predicting its long-term success. Such an evaluation requires the research and exploration of the factors behind the company’s popularity, analyzing its initial years of establishment, and analyzing whether various theories such as the RVB and the Dynamic Capabilities apply to the strategies that Tesla uses.

An in-depth understanding of the organization also requires an insightful evaluation of its leader, Elon Musk, analysis of its stakeholder’s internal and external communication, and the determination of the company’s risk of collapsing. Understanding the factors that make the company successful requires that one evaluates the key drivers and elements of innovation in Tesla Motors.ELEMENTS AND FACTORS BEHIND TESLA’S RECENT GROWTHThe recent past marks a remarkable increase in the market share of Tesla Motors as well as in its popularity among car enthusiasts.