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Strategy ImplementationProfit MaximizationAdvertise and promote the productReach economies of scaleResolving current issuesBecome costumer centricCater the needs of costumers
Conclusion“In conclusion, it is evaluated that Tesla’s Model X is currently at theinitial stage of Growing phase of PLC. However, it should take some stanceto cater or deal with the Quality, Style, Designing and Pricing issue toenhance its market share and create a perfect core value proposition for thecostumers.”
ReferencesAntti Lyyra, K. K. (2018, February 5).How Tesla is changing the product life cycle in thecar industry. Retrieved from :-in-the-car-industry/Bhasin, H. (2017, December 31).Shopping products. Retrieved from: Claessens, M. (2015, April 27).Three Levels of Products. Retrieved from:/Siler, S. (2019).Model X Review, Pricing, and Specs. Retrieved from: Tesla. (2019).Services. Retrieved from :