All You Need to Know About Writing a Case Study on Tesla

 

Tesla has transformed the auto industry today. It is only due to it that automakers are embracing innovation and are able to design hybrid and electric cars. Since its foundation in 2003, Tesla has continuously enhanced and utilized groundbreaking technologies. It can be rightly said that the company has ushered in a new era for the automotive industry. Many university students are given the work of preparing a case study on it. Through it, they can sharpen their business acumen and enhance their perspective. Are you one of those students who have been assigned its case study? If so, then these Tesla case study tips are what you need.

 

Impress your teachers with your case study!

Writing a case study on Tesla can turn out to be a very interesting experience. Here is what you need to keep in mind while preparing one.

 

#1. Start with a comprehensive analysis

After giving a brief introduction about Tesla, you need to analyze what problems the company is currently facing. At present, the company is not able to meet the production levels. Hence, they are encountering a lack of trust from the company’s investors. Tesla has great potential to attain profit by focussing on car production. So, you can analyze all the issues and how they can be met.

 

#2. Conduct a SWOT analysis

Tesla has been a source of inspiration for many different car brands. Write about the company’s strengths, like their readiness for innovation and great customer experience. Then, write about their weakness, like the errors they commit during the production process and high operating costs. Now, you need to write about the opportunities, i.e., how they can expand their global sales in places like China. Then, elaborate the threats like their choice of raw materials that fluctuate based on the global demand and increased competition.

 

#3. Do a comprehensive financial analysis

You need to undertake a study of their revenues and determine how they are spending their resources. Discuss their total assets and how liabilities and assets have both increased in the years 2016 and 2017. Then, you should propose some valid solutions that will help the company to engage with the customers in a better manner.

 

#4. Write the solutions and recommendations

Tesla is finding it difficult to meet its production levels. You can propose solutions like diversification of the supply chain, investing more in research and development, and expanding to foreign markets. Discuss these solutions and put forward the optimal one according to you.

 

By now, you must have realized that a great case study on Tesla can be written, keeping in mind a few key points. 

 

Summary: University students are often given a case study on Tesla. The article outlines ways by which they can bring about an efficient process.