Tesla's Semi Truck And Regulatory Credits Scheme Case Study

PAGES
18
WORDS
5297
Cite
Related Topics:

Tesla Reflection

Part of Teslas strategic mission is to pursue a sustainable future for humankind. Currently it does that by producing the Model 3an affordable EV for consumers. However, because other competitors are also producing more affordable EVs today, Tesla has to strengthen its product line-up in order to stay relevant. It can do that by producing the promised semi-truck EV and by segueing into other areas of transportation, such as trains or planes and bringing EV solutions to them as well. One problem that remains is that there are environmental concerns about mining the materials needed for battery production. As LeBeau (2021) points out, recycling existing batteries is necessary to help reduce the environmental impact of mining that companies like Tesla leave on the world. Tesla should be focused on erasing its carbon footprint on the back-end of production. Today it focuses mainly on the front end of production by promoting its EVsbut damage to the environment has already been done on the back-end through mining the materials needed to create the batteries in the first place. If Tesla truly wants to commit to sustainability, it should work to create batteries that are 100% recycled so that it is a truly carbon neutral company. Thus, the social issue here that affects Teslas strategy is whether the company is truly as sustainable as it purports to be. Not being truly sustainable can negatively impact its reputation among consumers and damage its brand appeal.

From a biblical perspective, it is important that a company do as it says and commit completely to the vision it projects. It is not enough to talk the talk, especially if otherslike former Tesla executive and co-founder J.B. Straubelcan see that Tesla is not really being a truly sustainable company (LeBeau, 2021). The important scriptural verse that applies here is James 2:18-26: But someone will say, You have faith and I have works. Show me your faith apart from your works, and I will show you my faith by my works. You believe that God is one; you do well. Even the demons believeand shudder! Do you want to be shown, you foolish person, that faith apart from works is useless? Was not Abraham our father justified by works when he offered up his son Isaac on the altar? You see that faith was active along with his works, and faith was completed by his works. In other words, it is not enough to promote faith in sustainability if one is not doing the work necessary on both the front-end and the back-end to ensure sustainability. Teslas works should match its faith in sustainability. It needs to focus on creating a battery that is 100% recycled.

As Thompson (2020) notes, social issues are important to consumers today, and they are especially important to consumers of EVs. Tesla has talked a great game up to this point, but now the company is being called out by Straubel for failing to live up to the doctrines it preaches (LeBeau, 2021). Works matter, as James points out. A company like Tesla can claim to be sustainable and can claim to promote sustainability, but consumers and competitors will be able to point to the companys production process and show that it is not truly sustainable. In order to be authentic and committed to its mission, Tesla needs to adopt a strategy of focusing on 100% sustainability by incorporating a recycling program into its production so that it can wean itself off mining completely. From a Christian perspective, it is important that the works match and line up with the faith. Teslas faith is in sustainability. Its works should show as much.

Sources Used in Documents:

References


Dent, S. (2018). VW's I.D. EV will deliver a 300 mile range for the price of a Golf. Retrieved from https://www.engadget.com/2018/12/17/vw-id-range-and-more-info


Kozinets, R. V. (2019). YouTube utopianism: Social media profanation and the clicktivism of capitalist critique. Journal of Business Research, 98, 65-81.


Levin, T. (2021). From bitcoin to emissions credits, here's how Tesla got creative to turn its biggest profit ever. Retrieved from https://www.businessinsider.com/tesla-earnings-profit-bitcoin-regulatory-emissions-credit-sales-elon-musk-2021-4


O’Kane, S. (2018). Tesla allegedly covered up drug trafficking and spied on employees at the Gigafactory, whistleblower says. Retrieved from https://www.theverge.com/2018/8/16/17704274/tesla-gigafactory-drug-trafficking-cover-up-sec-whistleblower


Olsen, P. (2019). Tesla Model 3 Loses CR Recommendation Over Reliability Issues. Retrieved from https://www.consumerreports.org/car-reliability-owner-satisfaction/tesla-model-3-loses-cr-recommendation-over-reliability-issues/


Tesla. (2013). Mission statement. Retrieved from https://www.tesla.com/blog/mission-tesla


Tesla 10-K. (2019). For the fiscal year ended December 31, 2018. Retrieved from https://www.sec.gov/Archives/edgar/data/1318605/000156459019003165/tsla-10k_20181231.htm


Tully, S. (2020). Tesla’s biggest profit center is dangerously close to running out of power. Retrieved from https://fortune.com/2020/09/30/tesla-profit-revenue-environmental-credits-elon-musk/


Yuying, A. & Qingrun, R. (2018). Tesla’s international expansion strategy. Retrieved from https://globalmarketingprofessor.com/teslas-international-expansion-strategy/


Cite this Document:

"Tesla's Semi Truck And Regulatory Credits Scheme" (2021, July 30) Retrieved April 29, 2024, from
https://www.paperdue.com/essay/tesla-semi-truck-regulatory-credits-scheme-case-study-2176483

"Tesla's Semi Truck And Regulatory Credits Scheme" 30 July 2021. Web.29 April. 2024. <
https://www.paperdue.com/essay/tesla-semi-truck-regulatory-credits-scheme-case-study-2176483>

"Tesla's Semi Truck And Regulatory Credits Scheme", 30 July 2021, Accessed.29 April. 2024,
https://www.paperdue.com/essay/tesla-semi-truck-regulatory-credits-scheme-case-study-2176483

Related Documents

Tesla Motors became a public traded company, (NASDAQ stock quote code: TSLA), earlier this year. You are the Channels Manager for Tesla Motors. How do you think Tesla has developed its distribution strategy, i.e. what were the most important things to have been considered? With the launch of the model S. sedan due in 2012, how would you further develop the distribution strategy over the next five years, and why? Tesla

Tesla Motors Strategy
PAGES 9 WORDS 2991

Tesla Motors has a cash flow problem, which makes it vulnerable to the many larger competitors who want into the electric vehicle business. The advantage Tesla has is with its battery technology, which is vastly superior to anybody else's, and in its brand name and leadership. The in-house distribution is unique to the industry but it might be too early to determine whether this is helping Tesla or hurting it.

Tesla Basic Info
PAGES 2 WORDS 608

Tesla Motors was founded in 2003 "by a group of engineers in Silicon Valley who wanted to prove that electric cars could be better than gasoline-powered cars." The company's first car, the Roadster, was launched in 2008 and the second car, the Model S, was launched in 2012. The company has been a major success since its inception, and while it still is not turning a profit, its revenues are

Tesla
PAGES 11 WORDS 3438

Tesla Case Analysis General Environment/Industry Analysis The automobile industry is changing quickly with more and more competitors entering into the EV market. Jaguar is introducing its I-Pace, a premium EV with a base model price under $70k. Audi is introducing its E-Tron Quattro E-SUV this year and an E-Tron Sportback next year. Porsche is bringing its Mission E Cross as its second EV. Mercedes plans a 2018 EQC Electric SUV. And then

Summary There are certain aspects of Tesla' s business model that distinguish it from other automakers. These manifest either in its accounting policies, or in the ways in which those policies will affect Tesla (but maybe not its competitors, even if they utilize the same policies). The direct-to-consumer sales model in particular holds influence over some policies, while the company's youth handcuffs it with respect to how it handles things like

Tesla Motors Analysis
PAGES 4 WORDS 1365

SWOT Analysis: Tesla Motors Tesla Motors was founded in 2003 and it specializes in high-end electric vehicles. The company operates out of Palo Alto California and it has over 2000 employees. It was founded by Elon Musk who has prior success in SpaceX and PayPal. The company's goals is to accelerate the transition to electric mobility with a full range of increasingly Despite the fact that it has received loans from