Author(s)

Bin Dai, Ruizhe Wang, Lingxiao Zhong

Corresponding Author

Ruizhe Wang

ABSTRACT

Tesla has developed rapidly in the field of electric vehicles. However, under this rapid development, Tesla also faces many management problems. The purpose of this study is to find out the reasons for Tesla's rise, the problems and challenges faced by Tesla, and the solutions to these issues. It is found that there are external and internal reasons for Tesla's rise. External reasons include energy conservation and emission reduction, technology introduction and integration, and capital support from various countries; Internal reasons include entrepreneurship and quality, industrial chain and production technology, and management advantages. Through financial data analysis of Tesla’s sales, profit margin, working capital turnover, and current ratio some problems were exposed, such as industry chain layout management issues and safety and quality problems. In order to address these problems, contract manufacturing, using clean energy, and finding alternatives, and focusing on local car makers can be effective approaches. Although Tesla's sales and profits are gradually rising, Tesla still needs to make further improvements in energy, technology, and production. Through this research, it is found that Tesla's development prospect is very clear, and it still needs a long way to go. To some extent, it is of great significance for Tesla to find a new way for future technological innovation.

KEYWORDS

Tesla, Management, Energy Conservation, Financial Analysis, Safety