Tesla’s Impact on Automobile Industry

DOI

No DOI

Published In

Volume 3, Issue 5 (2022)

Published Online

September-October 2022

Pages

85-92

Article Type

Research Article

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No DOI available for cross-reference

Abstract: Tesla has made an absolute dominance in the automobile Industry by its brilliantplans and innovations done over the years, Despite the downs Tesla has faced in the past years,The company still managed to go on and create a bold reputation in automobile market withalreadygiant automobile manufacturers like Mercedes, Honda, Audi being in the play.Tesla has managed to successfully create an huge audience which ends up giving more motivation forTesla to come up with new innovations by the day and making amends in the AutomobileIndustry, Tesla has always been known for its creativity which is what makes them different fromthe other companies in the Automobile Industry. By this report we’ve learned about Tesla’s Financial and Legal Struggles during the beginning of the company then wewitnessed how Tesla managed to overcome it and turn into one of the most dominant companies in the Industry.Therefore I’d like to conclude my report with some last few points. In this report we've witnessed how the company began itself, what it went through, how it's going on and its future plans for the upcoming years. Tesla has been a phenomenal company, Despite the fact of being a young automobile manufacturing company, It has been leading the automobile market for almost a decade and looks forward to keep its dominance . Tesla has been one of the brilliant companieswith its innovations and technology over the years and will carry on to do so.