{"id":21233,"date":"2022-05-02T09:04:06","date_gmt":"2022-05-02T13:04:06","guid":{"rendered":"https:\/\/autosector.com\/?p=21233"},"modified":"2022-05-02T09:04:06","modified_gmt":"2022-05-02T13:04:06","slug":"elon-musk-management-success-tesla","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=21233","title":{"rendered":"A Look At Tesla’s Unbelievable Growth Under Elon Musk’s Leadership"},"content":{"rendered":"

This article comes to us courtesy of\u00a0EVANNEX<\/a>, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at InsideEVs, nor have we been paid by\u00a0EVANNEX<\/a>\u00a0to publish these articles. We find the company’s perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content free of charge. Enjoy!<\/em><\/p>\n

Posted on<\/span>\u00a0EVANNEX on May 02, 2022,\u00a0by<\/span>\u00a0Zachary Visconti<\/p>\n

There are many unconventional elements of Elon Musk\u2019s company management that have made him and Tesla what they are today. While he can sometimes be polarizing, it\u2019s hard to deny the numbers Tesla has posted under his leadership, especially compared to the next several largest publicly-traded companies.\u00a0<\/p>\n

As the Twitter takeover looms, there have been questions about Musk’s ability to successfully manage a\u00a0difficult-to-manage<\/em>\u00a0business. Looking back, Musk’s SpaceX entered the\u00a0rocket industry an underdog and went on to dominate.\u00a0And what about Elon’s bet on electric cars, Tesla<\/a>?<\/p>\n

When compared with the next 10 largest publicly-traded companies, Tesla ranks first in growth over the past decade and over the past year, in addition to being number one in share performance over both five and 10 years, according to data compiled by\u00a0Bloomberg<\/em><\/a>.<\/em><\/p>\n

Tesla\u2019s revenue has increased 260-fold in the past decade to $53.8 billion, with sales in the past year alone increasing 71 percent.<\/p>\n

In both five and 10-year share performance, Tesla ranked first with the automaker\u2019s stock appreciating 15- and 146-fold, respectively, to its recent stature floating around $1,000.<\/p>\n

Additionally, Tesla ranks first of the largest publicly-traded companies in employment increases, with its staff increasing five-fold since 2016.<\/p>\n

Other notable companies in the lineup include Amazon, Alphabet, Microsoft and Apple \u2014 all of which have been dwarfed by Tesla, despite being old-guard tech companies that all helped usher in the digital age.<\/p>\n

The impressive sales can be attributed to a handful of factors, including\u00a0Musk\u2019s engineering focus<\/a>, his strict deadlines and sales targets, and an emphasis on controlling Tesla\u2019s supply chain in its entirety.<\/p>\n

But Ark Invest Founder and CEO Cathie Wood<\/a>, notable for being right about Tesla\u2019s stock as far back as 2014, predicted a $1 trillion valuation for the automaker before others even considered adding them to their portfolios. Now, Wood is sitting on a platform of success, largely based on Tesla, and she\u2019s still bullish on the stock.<\/p>\n

Wood points out how Musk has implemented Tesla\u2019s system of\u00a0vertical integration<\/a>, and that the company\u2019s constant research and development efforts have let the automaker tweak its technology on an ongoing basis through software \u2014\u00a0a brand new concept for the auto industry as a whole.<\/p>\n

\u201cTesla’s vertical integration strategy has been critical,\u201d said Wood. \u201cTesla is in control of its cars [and] can tweak and change,\u201d unlike most automakers, where \u201cspecs are put to bed, you know, three to four years or five years prior. And they’re not going to change.\u201d<\/p>\n

Sure, Musk and Tesla\u2019s incremental change model has proven itself, but it\u2019s not the only thing they\u2019ve earned bragging rights over either.<\/p>\n

Wood also notes Tesla\u2019s data-collecting practices through its vehicles, which she says gives the company a technological advantage compared to other automakers.<\/p>\n

\u201cMore than a million and a half cars on the road are effectively data collectors for Elon Musk,\u201d Wood said. \u201cNo other auto manufacturer has cars equipped to send back this real-world driving data. In order to compete with Tesla, at let’s say a like-for-like price, they’ll either have to skimp on range or performance and rely on their brand, otherwise they’ll just lose money if they want to keep up with Tesla at the same price.\u201d<\/p>\n

<\/section>\n

===<\/p>\n

Source:\u00a0<\/em>Bloomberg<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This article comes to us courtesy of\u00a0EVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at InsideEVs, nor have we been paid by\u00a0EVANNEX\u00a0to publish these articles. We find the company’s perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content free […]<\/p>\n","protected":false},"author":1,"featured_media":21234,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/21233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21233"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/21233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/21234"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21233"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}