Tesla is a company that is on the forefront of electric vehicle manufacturing. However, the company has not always enjoyed success. Elon Musk, the CEO of Tesla, told reporters that the company was only a month away from bankruptcy following poor manufacturing turnaround times and missed deadlines when the company introduced their model 3 sedan (Isidore, 2020). However, Tesla now ranks as one of the profitable vehicle manufacturers.Answer the questions below. Limit your submission to no more than 1,000 words including any tables or figures. Please cite any relevant literature (this does not count towards word limit). Submit your paper single-spaced with one inch margins following APA guidelines.You may refer to Tesla’s website for more information: https://www.tesla.com/1. What business level strategy has Tesla followed with respect to their involvement in the automobile industry? How has it changed over time?2. In 2014, Tesla introduced plans to build a “Gigafactory” where they would build that majority of the lithium ion batteries required to manufacture their electric vehicles. What form of vertical integration is this? How might it allow Tesla to become more competitive?3. Tesla has recently expanded into home based solar largely using the “buy” option by acquiring solar city. How did this decision to buy contribute to Tesla’s competitive advantage in home solar? What are some risks associated with the decision to buy rather than build or borrow?4. Tesla has only just begun international expansion activities in earnest. What are key risks the company may face to expand abroad. How can Tesla minimize these risks? Which global markets should Tesla prioritize?
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