1. Business Summary - Tesla Motors
Tesla has announced that it would not meet its forecast for vehicle sales this year and has lowered their targeted number. ... This has also given competitors the opportunity to catch up in terms of technology in the electric vehicle market. ... By positioning themselves to a niche market, Tesla promotes itself as the only high-class electric car brand. ... It shows that it has strong R&D department to overwhelm other competitors in automotive market. ... Targeting a niche market can be both beneficial and hurtful to the company. ...
- Word Count: 1738
- Approx Pages: 7
- Grade Level: Undergraduate