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  2. Tesla has succeeded where others have failed due to the following reasons12345:
    • Elon Musk had a game plan from day one
    • Compromise was never an option
    • Tesla never simply follows a trend
    • It hires like-minded people
    • Its cars are sustainable and sexy
    • Technology is the number one priority
    • Tesla has reinvented the designing, building and selling of cars
    • Tesla has built up its own supply chain
    • Tesla doesn’t advertise or use a dealer network
    • Tesla’s secret of success is not just the invention of luxury electric cars, but the successful business model that has enabled it to kill its competition
    • Tesla’s products and services make it such a desirable brand that consumers want to associate with
    • The market for fully electric vehicles is growing, and Tesla has a unique business model
    • Tesla’s fundamental goodness comes down to acceleration of sustainable energy and autonomy.
    Learn more:

    7 reasons why Tesla has succeeded where others have failed

    • 1. Elon Musk had a game plan from day one From day one Tesla Motors had a solid plan. ...
    • 2. Compromise was never an option ...
    • 3. Tesla never simply follows a trend ...
    manufacturingdigital.com/smart-manufacturing/7-re…
    Tesla has reinvented the designing, building and selling of cars. Where most of the industry buys components from many suppliers, Tesla has built up its own supply chain: it has custom-built its own electric engines, battery packs and self-driving tech, even its own glass. It also doesn’t advertise or use a dealer network (customers buy online).
    theweek.com/951827/how-tesla-made-it-to-the-top
    Tesla’s secret of success is not just the invention of luxury electric cars, but the successful business model that has enabled it to kill its competition. The product and the services provided to support the use of its products makes it such a desirable brand that consumers want to associate with.
    www.vehiclesuggest.com/why-tesla-is-so-successful/
    The market for fully electric vehicles is growing. The reasons are many, including new regulations on safety and vehicle emissions, technological advances, and shifting customer expectations. But much of the mainstream acceptance and excitement for electric cars can be attributed to Tesla Motors Inc. (TSLA) and its unique business model.
    www.investopedia.com/articles/active-trading/0721…
    “The fundamental goodness of Tesla... so like the ‘why’ of Tesla, the relevance, what’s the point of Tesla, comes down to two things: acceleration of sustainable energy and autonomy,” Musk said on the Tesla quarterly conference call on Wednesday.
    www.cnbc.com/2019/02/04/elon-musk-on-the-why-…
     
  3. People also ask
    Why is Tesla so powerful?Tesla has a huge lead over other automakers. See how the electric-car company's brand became so mighty. Tesla CEO Elon Musk has built Tesla into one the most powerful brands in the world. Jae C. Hong/Associated Press For years, potential competitors kept an eye on Tesla as it absorbed all the risk of creating a viable market for electric vehicles.
    What is Tesla's secret of success?Tesla’s secret of success is not just the invention of luxury electric cars, but the successful business model that has enabled it to kill its competition. The product and the services provided to support the use of its products makes it such a desirable brand that consumers want to associate with.
    Is Tesla a success story?They have always determined to shoot for the stars and go for gold. In conclusion, Tesla is a truly remarkable success story. Some of that may be luck and good publicity, but a lot more was a good strategy and seeing the future for what they could make it to be, not what conventional wisdom said it was.
    Why is Tesla a great company?A huge reason why Tesla was able to deliver high-quality products to its customers and why it still continues to achieve breakthroughs in digital transformation is because of its vertically integrated business model. Tesla owns most of its supply chain therefore the production of its batteries, car bodies, and even programming is done in-house.
     
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    WEBFebruary 28, 2020. HBR Staff. Summary. Tesla and its flamboyant, and sometimes erratic, innovator Elon Musk have turned the more than a century old industry upside down in a mere 16 years. T...

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    WEBOct 26, 2021 · Brendan McDermid/Reuters. The newest member of the trillion club. It finally happened: Tesla yesterday attained a $1 trillion market cap — a rarefied level previously reached only by Apple,...

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