A Review of Factors Affecting Tesla's Profitability

Abstract

In recent years, the rapid development of the electric vehicle industry has attracted the attention of the majority of scholars. To better improve the development efficiency of enterprises in the electric vehicle industry and promote the healthy development of the market, this paper takes Tesla as the research object, makes a detailed analysis on the factors affecting the profitability of Tesla enterprises, and combs the relevant research literature on the electric vehicle industry. It is found that the factors affecting Tesla's profits can be roughly divided into internal and external parts. Among them, internal factors include leadership and innovation model, global market, goods and their prices, and credit and direct sales. External factors include the government and its policies, customer intentions, environmental factors and the number of charging stations. Finally, this paper believes that the company's leadership, labor force, policy, electric vehicle sales, and other factors greatly impact Tesla's revenue. The existing research results have made great contributions to this experiment and show that Tesla is rising steadily. What Tesla needs to do is continue to maintain its advantages and improve some conditions that are not conducive to the company's development, such as the lack of charging piles in some areas.