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.
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
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.