In June 2002, he founds Space Exploration Technologies, or SpaceX. Elon had long been fascinated by the possibility of life on Mars as a member of the Mars Society, a non-profit organization dedicated to encouraging exploration of the red planet. He was intrigued by the opportunity of colonizing Mars, launching ‘Mars Oasis’, a project with a goal of creating automated greenhouses, which in the future could have become a basis for a self-sustaining ecosystem. This, he hoped, would rekindle faded public interest in space exploration. The main issue was the enormous delivery costs, mainly the rocket at $15 million or more. He even tried buying refurbished ICBMs from Russia, but never struck a solid deal. Musk, taking a huge risk, decided he would …show more content…
Tesla was founded in 2003 by Martin Eberhard and Marc Tarpenning, a pair of engineers, who funded the company until the first round of funding in 2004. From the very beginning, Tesla positioned itself as the first true manufacturer of electric vehicles - Musk supported such ambitions, coming in as a leading investor and putting $40 million into the car company. He joins the board as chairman and product architect, splitting his time between SpaceX and Tesla. Tesla’s first car, the Roadster, a sports car based on the British Lotus Elise, began development. By 2006, the project had made it into the newspapers and Musk received the Global Green product design award. The company continued to grow with an increasing number of investors including Larry Page and Sergey Brin, founders of Google. Unfortunately, shortly before the Roadster entered production, a streak of bad luck began for Musk. Some management failures led to the car being almost twice the price as originally anticipated, at $92,000. During this crisis, Elon took control, firing everyone who stalled the projects development, including Eberhard. Shortly after this, Tarpenning also leaves. In 2008, the Roadster is finally released, having a range of 245 miles (394 km), a number unprecedented for a production electric vehicle, and doing 0-60 mph in less than four seconds. It showed that an electric car could be fast and sporty, good-looking, and efficient at the same time - contrary to public stereotypes. The main reason for Tesla’s success, however, is the Tesla Model S, a premium electric sedan with a range of 265 miles (426 km). Production of the Model S began in June 2012, with an MSRP of $70,000. Consumer Reports rated the car a 99 out of 100 and it achieved the highest safety rating ever on any vehicle, partly thanks to its floor-mounted battery giving it a low center of gravity. To charge its cars, Tesla built stations called
Because of new techniques he used to make the car more advanced he included the assembly line and the price dropped to $575 within four years and sales went
Henry Ford was an entrepreneur who founded the Ford Motor Company in June of 1903 and grew it into a very successful business. He achieved this through free enterprise, an economic system which places few restrictions on business activities and ownership. This system allowed Ford to begin his company without restrictions from the government either preventing him from establishing it or from limiting his success. It not only helped Ford to achieve his goals in business, but it has also helped many other entrepreneurs as well. The free enterprise system has been a necessary component in allowing people, such as Henry Ford, to start, grow, and own their own businesses.
He received several opportunities when he was in the need of millions to produce his car. Tucker received investments, from Abe and Bennington and even stockholders to get his production started. He was then offered a factory building, under the circumstances of being able to produce 50 cars. One of his biggest opportunities came when he could purchase steel at a reasonable price and the ability to use a helicopter motor in his car. Tucker’s strengths, being a risktaker, innovative and a team player, over took all.
Cars are the most important products in the modern lifestyle. Whether it’s going to work, school, the mall, or even your friend’s house, it’s likely that you will be using a car to get there. As you all know, cars can have drastically different prices and look drastically different as well. I’m sure everyone here has a car, and I’m also sure everyone here will be buying another car in the future. Whether you want a car that can fit a large amount of people, or a sports car that can go extremely fast, an electric car will almost always be the best option for you.
Introduction The world has seen a lot, but space exploration has had the most significant effect on the world since sugar. The space race and things like the Sputnik change the way the world thinks. While space exploration can be very expensive, space exploration has had the greatest effect on the world because it has exponentially changed the world in education, culture, global challenges, and has created life changing innovations for many people. The thought of "discovery" and "exploration" Space exploration has been the best thing since sugar because it brought the world together.
Definitions Private space contractors - non-governmental organizations that fund endeavours in space. While some of these companies plan to pursue space research, others plan to mine asteroids. Kármán line - located 100 Kilometers (62 miles) above sea level, the Karman line the boundary between Earth’s atmosphere and space commonly knowns as where space starts from. International Space Station (ISS) - the ISS is a large spacecraft that orbits Earth which is a home for astronauts as well a data collecting science lab. Launched in 1998 and receiving its first crew in 2000, astronauts from around the world have lived on it ever since.
TESLA Motors In The Netherlands 1. Introduction Tesla Motors Inc. is an American car manufacturer based in California. Founded in 2003, it has become one of the fastest growing companies in the electric vehicle (EV) market. In 2016, Tesla had a revenue of $2.28 billion and sold 76,230 units (Ferris, 2017).
The vision of Tesla is ‘to create the most compelling car company of the 21st century by driving the world’s transition to electric vehicles’. Based on the mission and vision, the company’s strategy was determined. Tesla’s strategy is to enter at the high end of the market, where customers are prepared to pay a premium, and then drive down market as fast as possible to higher unit volume and lower prices with each successive model. (Musk,
Many people think that space exploration is a waste of money. They think that people shouldn’t be looking to the stars and that space exploration is unnecessary. Then there is the people who think otherwise. People from NASA, or people who just in general love space ,want to fund for the cause. They think that space can help the economy improve and that there is more to space than stars and a bunch of planets.
Technologic factors: Technology is perhaps one the most important factors responsible for Tesla’s internal environment decisions and capabilities: digitalisation, improving technology and globalisation is having a significant effect on the automobile industry. Indeed, these technological advancements now allow for fully electric vehicles and driverless cars. The high rate of technological change is both an opportunity and a threat as the winners of this technological race will be those capable of appropriating these new technologies before their competition. Technological advancement is also a threat, since there is a risk of Tesla’s technology becoming obsolete, the firm must ensure that its R&D spending remains consequent so that it doesn 't fall behind its competitors. (panmore.com, Tesla Motors, Inc. PESTEL/PESTLE Analysis & Recommendations)
The automotive industry is facing changes due to ecological impacts on the environment. Many automotive manufacturers such as BMW and Audi are now entering into the electric car industry where Tesla has established itself in. In this environment, there is a need for rapid innovation a firm 's capability to produce new technological products become crucial to survival in this industry. For this reason, human relations management will be beneficial to an organization as it allows creativity in employees who will be able to respond to changes in the environment efficiently and quickly which gives a company flexibility. " CEO Elon Musk created a master plan to compete with other automotive manufactures which were to Build sports car, use that money to develop an affordable car, use that capital to create more affordable vehicles, produce zero-emission electric vehicle power generation options (Tesla).
Organisations have long struggled to retain employees without pouring in too many resources into incentives, however there are many other factors that influence the motivation for an employee to work for an organisation. The following factors are very important to retaining employees: ➔ Vision and Mission: Each organisation has a vision set by its leaders, a ground basis on which it stands for. This vision is the key for driving innovation, research and development for the company. Vision is also the driving force and motivation for its employees, to push their limits and to outperform the competition.
Market Tesla’s long-term strategic goal is to create affordable mass market electric vehicles (EV). In order to achieve that goal it will increase the number and variety of EVs available to mainstream consumers by Selling it’s own vehicles in a growing number of company-owned showrooms and online. Selling patented electric powertrain components to other manufacturers and serving as a catalyst and positive example to other automakers. Competitive advantage is the low cost of Tesla’s battery pack, which allow to sell the Model S at a reasonable price but with near-normal (up to) 300 mile range, a combination other EVs have yet to deliver.
With space exploration beginning with Generation X, who are now our parents, living on other planets and in space has always been a thought. The space voyage, starting with Kennedy, has yet to see a halt in the space exploration advancements. Kennedy had said in 1961, that within ten years they will send a man to the moon, and by 1969 three men took the first steps on the moon. Scientists and researchers see that with a will there's a way, and the goal set for Mars colonization is the year 2020. Technicalities have arised to the scientists, but the ambition to overcome and find solutions for the problems are just one step behind.