Title: 📗 How Tesla Motors is Changing the Economy | SpeedyPaper.com
Headings: How Tesla Motors is Changing the Economy
How Tesla Motors is Changing the Economy
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Content: Since these combustion engines primarily use oil as a source of energy, the oil and gas industry, which is a major player in the U.S. economy, will inevitably experience the negative effects of this emergent trend. The growth in demand for the electric vehicles will hamper the continued growth of the national economy in the short run10. However, as more and more electric cars are purchased, the electric car industry may eventually grow and offset this economic decline. Nevertheless, this may take many years to achieve given the current poverty rates11 experienced in some parts of the United States. Automobile Industry
Tesla is concerned with both the methods of propulsion and efficiency when designing its cars. It has engaged in several non-price competition12 strategies that have improved their competitive advantages as an automobile company. The motor company has managed to achieve something that no other automobile company has managed to do in the past. This is to create an object of desire. It is for this reason that electronic vehicles sales are booming. In August 2013, 11,392 electric vehicles along with 54,855 hybrids were sold.