Proposed new business model one of teslas new

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Proposed New Business Model One of Tesla’s new business models is the development of new vehicle such as the Model X and Model 3. According to Tesla’s Annual Report 10-K for 2014, the firm is developing the Model X crossover vehicle which the firm intents to field in third quarter of 2015. Interestingly enough, the firm already has approximately 20,000 reservations for its model in anticipating of sales later in 2015. Nonetheless, the firm acknowledged that there a number of factors which affect the ability to launch the program for Model X on time and cost. Some of these factors are the completion of production tooling, supplier readiness, and successful completion of the validation testing. After the Model X, the goal of Tesla is to introduce the Model 3 vehicle. The Model 3 will be a lower priced sedan which would be available sometime in 2017. These new vehicle models show that Tesla is innovating and wanting to reach out to a greater customer segment. The production of new models with coupled with a new leasing program. In addition, the firm is offering prepaid maintenance plans for models such as the Model S. This combination of products and services will hopefully position Tesla in a more solid financial state.
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GROUP CASE STUDY 3 30 Exhibit 4 – Tesla Motors Financial Ratios
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Running head: GROUP CASE STUDY 3 35 References Breman, B. (2009). Tesla Model S. Hybrid Cars. Retrieved from Insideevs.com, (2014). February 2014 Plug-In Electric Vehicle Sales Report Card: Inside EVs . Retrieved from - card/ Investopedia (2015). Who are Tesla’s main competitors? Retrieved from - competitors.asp MacKenzie, A. (2013). 2013 Motor Trend Car of the Year: Tesla Model S - Motor Trend. Motor Trend Magazine. Retrieved from a_model_s/ Musk, E. (2013). The mission of Tesla. Tesla. Retrieved from Musk, E. (2013). The secret Tesla Motors master plan (just between you and me). Retrieved from - you-and-me New battery technology (2015). Retrieved from - news/?p=1350
Running head: GROUP CASE STUDY 3 36 Ohnsman, A. (2014). Tesla tops $30 billion as Stanley Morgan boost outlook. Bloomsberg Business. Retrieved from - jumps-after-morgan-stanley-boosts-price-outlook Pontes, J. (2014). EV sales: Europe December 2013. Retrieved from - sales.blogspot.ca/2014/01/europe-december-2013.html Rothaermel, F.T. (2013). Strategic management. McGraw-Hill Education.

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