![]() However, changes and trends in the global market can prompt the business to modify these statements to ensure business relevance, possibly leading to new products in addition to electric vehicles, battery packs, and solar energy solutions. This success comes with Tesla’s generic competitive strategy and intensive growth strategies, which are directed toward satisfying the corporate mission and the corporate vision.Įlectric cars and related energy products are the focus of Tesla Inc.’s corporate vision statement and corporate mission statement. With a strong brand image and increasing popularity, the company is positioned to succeed in the global electric automobile market. For example, the company aims for leadership as a multinational automotive business that focuses on electric vehicles. On the other hand, the corresponding corporate vision statement shapes Tesla’s direction of organizational growth. The corporate mission statement guides the automotive company’s strategic decisions to fulfill the primary business purpose. This condition highlights the appropriateness of Tesla’s corporate mission and corporate vision to the business organization and its market opportunities. ![]() Continuing business growth shows that the market is favorably responding to the company’s automotive and energy storage products. Tesla Inc.’s (formerly Tesla Motors, Inc.) mission statement and vision statement reflect the nature of the prominent electric automobile manufacturing business and related operations. Tesla Inc.’s corporate mission statement and corporate vision statement reflect the strategic goal for dominance in the global market for electric vehicles and renewable energy solutions. A Tesla Roadster at the 2009 Washington DC Auto Show. ![]()
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