Another economic assistance program is a Federal Tax credit of 7500 helps take

Another economic assistance program is a federal tax

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Another economic assistance program is a Federal Tax credit of $7,500 helps take the sting out of buying an electric vehicle but according to Forbes “a Senate bill proposed lifting the 200,000 vehicle cap with a 2022 phase-out.” (Myers 2019) While this is great for the consumer who is now buying an electric vehicle it also raises the question many people ask, should the average Wal-Mart employee really be subsidizing George Clooney’s auto purchase? Tesla Owners Taste, Preferences, and Technology Usage Not only does Tesla produce its famous automobile like the Model 3, it also produces many other technologically advanced energy products. You can buy everything from Solar panels for your home to massive energy storage facilities. Tesla is upgrading its battery technology with
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Tesla, Incorporated 13 a new 21700 battery cell, which it has been manufacturing since early 2017. Tesla also produces a home battery designed to store your clean energy, so you can use it anytime you want either at night or during an outage. Using their slogan “Power Everything” to help sell products and services to the consumer marketplace. Most of Tesla’s technological changes are found in their battery packs used to charge their products. As Tesla grows in popularity and become more affordable to the public, the company has seen an increase in sales since 2018. Tesla has also been expanding its “Go Anywhere” charging locations for the long-distance travelers with access to their global app. The company has also shut down most of its stores and moved towards using an online marketplace for sales. The online sales modification will allow Tesla to lower vehicle prices by 6%, on average, including its higher-end Model S and Model X. Tesla applies its generic strategy to achieve competitive advantage against other firms in the global automotive industry. In Michael Porter’s model, a generic competitive strategy represents the company’s approach to competing in the market. In this business analysis case of Tesla, the generic strategy reflects the company’s focus on using advanced technologies in its electric vehicles and related products, as a way of competing against all other motor companies. The company applies this strategy by developing new products with advanced technologies for minimal environmental impact. For example, the company offers solar panels, and developed the Tesla Roadster, which was the world’s first fully electric sports car. The company can apply the differentiation generic competitive strategy to increase the likelihood of success in using its growth strategy. A strategic objective linked to diversification is to increase Tesla’s R&D investment to identify new business opportunities. Another strategic objective based on this strategy is to acquire other firms or enter joint ventures to develop entirely new products. Individual tastes and preferences is what drives
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Tesla, Incorporated 14 consumers to most products or services and with Tesla this is no different. There are two key
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