Q & A: Tesla’s Musk
Question 1
The leadership example chosen for this analysis is the case of Elon Musk, CEO of Tesla, and his tweeting out in 2018 that he “funding secured” to take the company private at $420 per share. The stock price was well below that at the time and it shot up exuberantly to around $380 on the news even as most analysts wondered whether Musk really had funding secured as he promised. Notorious for over-promising and under-delivering (the Tesla Model 3 had been “coming” for years with consumers who had already placed down payments still waiting more than 2 years later for delivery), Musk’s promise to take the company private seemed even more far-fetched than most of his promises. True enough, over the following days and weeks a sordid story emerged in which drugs, a desire to “burn the shorts,” and serious SEC violations all played a…...
Preventing Bias on Twitter
Elon Musk is the CEO of Tesla and is a popular leader in the EV space. He is active on Twitter but has made some controversial tweets in the past. One came when he stated that he was going to take Tesla private at $420 per share (an inside joke later revealed to be made for his much younger girlfriend at the time Ms. Grimes). Another came when he called Thailand cave diving hero Vern Unsworth “pedo guy” and was subsequently sued for defamation. Another came recently when Musk said that “the coronavirus panic is dumb” (Stewart, 2020). Musk tends to present information in cavalier ways, often trying to appear humorous to a younger generation of stakeholders who tend to idolize him.
Any bias presented by Musk is towards those who do not heap adulation and praise upon him. He subtly attacked Bill Gates after Gates’ opinion contradicted…...
Crimes in the Business WorldElon Musk and Tesla are being sued in civil court for securities fraud as a result of Musk, acting as CEO of the company, Tweeting that he had funding secured to take Tesla private at $420 a share. The stock price immediately leapt, which hurt short sellers, and then the share price crashed when Musk confessed that he did not in fact have funding secured. The Board did not know of Musks intentions when he made his claims on Twitter; however, the Board does have a role to play in the self-regulation of the company. The Board must demonstrate corporate management, so as to show that the company is not engaging in actions harmful to the interest of shareholders and is not engaged in unwarranted forms of self-dealing (Friedrichs 305). Because Musk was acting on his own when he informed shareholders of the false news of…...
mlaWorks Cited
Friedrichs, D. Trusted Criminals: White Collar Crime In Contemporary Society. Cengage Learning, 2009.
Levine, M. “Elon Musk’s funding.” Bloomberg, August, 13, 2018. https://www.bloomberg.com/view/articles/2018-08-13/funding-for-elon-musk-s-tesla-buyout-wasn-t-so-secure
Mitchell, Russ. “Judge deems Musk’s ‘funding secured’ tweet false and misleading. A trial awaits.” Los Angeles Times, April 15, 2020.
https://www.latimes.com/business/story/2020-04-15/tesla-musk-funding-secured-trial
Human Resources and Change: Major Responsibilities of HRM
The three major roles of human resources management (HRM) are (1) administrative, (2) operational, and (3) strategic. The functions that fall within these roles include: recruiting and selecting hires, orientation, maintaining stable and quality workplace environments, managing employee relations, and training and developing staff. This paper will show how the HRM of the company Tesla, Inc., including the manufacturing, finance, and marketing subsystems are in need of change. By comparing these subsystems to other successful subsystems, this paper will indicate that Tesla can improve its productivity and increase demand. In that context, the impact of change, stakeholder satisfaction, attracting, developing, and maintaining human resources, internal consistencies, connectivity to the course, and the application of personal Christian worldview will all be addressed.
Subsystems in Need of Change
The most major organizational subsystem within Tesla that is in need of change is manufacturing as the company has…...
Final Integrated Paper: SpaceXExecutive SummarySpaceX has been defined as one of the most innovative companies today. As a matter of fact, the company has been at the forefront in efforts to conquer space exploration and even make it possible for non-astronauts venture into space. This paper concerns itself with not only the strategic initiatives of the enterprise, but also the diverse innovations that the company has deployed in the past. It also highlights the companys innovative and sustainability efforts.DiscussionSpaceX defines itself as a designer, manufacturer, as well as launcher of advanced spacecraft as well as rockets (SpaceX, 2021). As the company further points out, it was established in the year 2002 with the overall mandate of revolutionizing space technology. Some of the spacecraft and aerial vehicles that the company has developed in the past are inclusive of Falcon Heavy, Falcon 9, Dragon, and Starship. The companys founder, Elon Musk, happens…...
mlaReferences
Baltzan, P. (2017). Business Driven Technology (7th ed.). McGraw-Hill Education.
Furth, J. (2018). Why Amazon and Jeff Bezos are so successful at Disruption. https://www.entrepreneur.com/article/312481
Greg, 2015
Johnson, D. (2019). 11 of the biggest innovations shaping the future of spaceflight today. https://www.businessinsider.com/spaceflight-travel-innovations-spacex-rockets-2019-10?r=US&IR=T
Discussion and Responses1aI think the most relevant area in a Code of Ethics today is that regarding respect for persons and not engaging in harassment. Since the #MeToo Movement began, a lot of focus has been on making sure people are not abusing their positions to harass others. People should be able to go to work without having to worry about that sort of thing, and yet it still happens. So I would say that is where the most important principle is to be found today.1bSafety in the workplace is crucial. Long ago workplaces were very unsafe because there were no regulations in place. Today, workplaces are overseen by OSHA and must keep up with industry standards. And yet as you point out workplaces are unsafe in other wayssuch as in social ways, where harassment gets a free pass it seems. This is largely a cultural area that needs to…...
Leadership Ethics of Elon MuskIntroductionElon Musk is the founder of SpaceX and The Boring Company, a tunnel construction company. Previously, he co-founded Tesla Motors, where he is currently the CEO. He also co-founded Neuralink, a company that is developing brain-computer interfaces, and he founded OpenAI, a non-profit research company devoted to advancing artificial intelligence in a responsible way. Musk is known for his bold leadership style and for his unconventional approach to business. Musk has also been praised for his vision and ambition, as well as his commitment to ethics and safety. He has been listed by Forbes as one of the most powerful people in the world, and Time magazine has named him one of the 100 most influential people in the world (Moskowitz, 2022). Musk is a highly respected figure in the business world, and he is known for his innovative thinking and his dedication to making technology…...
mlaReferencesClair, R. P., Brown, N. E., Dougherty, D. S., Delemeester, H. K., Geist-Martin, P., Gorden, W. I., ... & Turner, P. K. (2019). # MeToo, sexual harassment: an article, a forum, and a dream for the future. Journal of Applied Communication Research, 47(2), 111-129.Moskowitz, D. (2022). The 10 richest people in the world. Retrieved from P.G. (2021). Leadership: Theory and Practice. Available from: VitalSource Bookshelf, (9th Edition). SAGE Publications, Inc. Safronova, V. (2022). How many children does Elon Musk have? Retrieved from https://www.nytimes.com/2022/07/07/style/elon-musk-children.html#:~:text=And%20although%20there%20is%20nothing%20to%20indicate%20that,sexual%20misconduct%20toward%20an%20employee%20in%20the%20past .Shrivastava, R. (2022). Elon Musk’s relationship with employee may have violated Tesla’s ethics code. Retrieved from https://www.msn.com/en-us/money/companies/elon-musk-e2-80-99s-relationship-with-employee-may-have-violated-tesla-e2-80-99s-ethics-code-experts-say/ar-AAZn7brhttps://www.investopedia.com/articles/investing/012715/5-richest-people-world.asp Northouse,
.....humans interact with technology in increasingly sophisticated and meaningful ways, the ethical and philosophical questions posed by artificial intelligence start to become more pressing than ever before. The science fiction genre has promoted as ambivalent a relationship between humans and technology as scientists and futurists have. Both the potential benefits and drawbacks of artificial intelligence have been explored, asking human beings involved in the development of AI technology to consider the ramifications of their work. For example, Nick Bostrom has indicated the need for developers of artificially intelligent systems to work with cognitive scientists to mitigate risk by programming AI from the beginning to act only in the best interests of humans (Shead 1). However, the assumption that AI will somehow eventually need or want to compete with human beings with the potential to overcome or conquer human beings is just that: an assumption. It is a flawed assumption because…...
Global Company Report: Tesla, Inc.
Introduction: Summary of the Business and Its Industry
Tesla, Inc. was launched in 2003 in California as a niche market luxury carmaker that specialized in electric vehicles (EV). The Tesla Roadster was its first product. The Roadster was a high-end EV and not a mass market car. Today, Tesla offers the much more affordable Tesla Model 3, which is a mass-market EV designed for the common man. Its other products include the Tesla Model S and the Tesla Model X. Tesla sells its cars in North America, Europe and in Asia. It has recently obtained financing to build cars in China, where its vehicles are already being sold, and is currently poised to enter Japan’s market. Tesla’s focus on sustainability and its CEO Elon Musk’s use of social media has made Tesla a favorite among investors who view sustainability as the future and Musk’s innovative leadership as…...
Tesla Business Strategy AnalysisGeneric Business StrategiesTeslas generic business strategy is broad differentiation, with a view toward integration of the various components of its business canvas. Its key businesses are automotive and energy generation and storage. It has key resources in terms of intellectual property (IP), engineering teams, and battery/solar production plants.CostTeslas cost structure consists of the following: equipment 20%, body 12%, chassis 7%, drive 15%, battery 35% and other 11% (Li et al., 2021).DifferentiationTesla has multiple brands that service multiple customer needs and price points. It began with a very expensive, ultra-niche oadster, before broadening production with the Model Sbut this still too expensive for the average consumer. It then went into the electric SUV market with the Model X, later displaced by the Model Y. The Model 3 was developed to be a low-cost EV for the average person. Tesla has also offered solar panels and solar cells to…...
mlaReferencesBBC. (2021). Tesla partners with nickel mine amid shortage fears. Retrieved from M. A., Ireland, R. D., & Hoskisson, R. E. (2013). Strategic management: Concepts and cases: Competiveness and globalization (10th ed.). Mason, OH: South-Western Cengage Learning.Kolodny, L. (2020). Tesla’s sale of environmental credits help drive to profitability. Retrieved from https://www.cnbc.com/2020/07/23/teslas-sale-of-environmental-credits-help-drive-to-profitability.html Kolodny, L. (2021). Tesla CEO Elon Musk goes to trial Monday to defend $2.6 billion SolarCity acquisition. Retrieved from https://www.cnbc.com/2021/07/10/tesla-ceo-musk-goes-to-trial-monday-on-2point6-billion-solarcity-deal.html Kozinets, R. V. (2019). YouTube utopianism: Social media profanation and the clicktivism of capitalist critique. Journal of Business Research, 98, 65-81.Li, Y., Lin, J., & Xu, S. (2021, September). Analysis of Tesla’s Business Model: A Comparison with Toyota. In 2021 International Conference on Financial Management and Economic Transition (FMET 2021) (pp. 30-39). Atlantis Press.Stringham, E. P., Miller, J. K., & Clark, J. R. (2015). Overcoming barriers to entry in an established industry: Tesla Motors. California Management Review, 57(4), 85-103.https://www.bbc.com/news/business-56288781#:~:text=Goro%20mine%20in%20New%20Caledonia,secure%20its%20long%2Dterm%20supply .Hitt,
Analysis of Leadership Communication: Twitter (now known as X)Evaluate the communications for how effectively leadership met the needs of internal and external stakeholdersThe decision-makers at Twitter, now referred to as X, astutely navigated a merger understanding with Musk. They ensured the terms were upheld even when Musk contemplated reneging. Initiating our review, we delve into whom the executive team of X (formerly Twitter) prioritized during the negotiations. In one study, authors reveal that shareholders reaped substantial rewards, averaging about 38% of the pre-acquisition market worth, and the cumulative benefit for all non-Musk shareholders surpassed a whopping $10 billion. Furthermore, the senior management of X benefited handsomely, both in their capacity as stakeholders and as top-tier executives or board members. The merger resulted in approximately $215 million in gains for the four chief officers (Bebchuk, Kastiel, and Toniolo, 2023).Considering the Well-being of Xs EmployeesBefore Musks acquisition, X had always championed a…...
mlaReferencesBebchuk, L., Kastiel, K., & Toniolo, A. (2023). Twitter’s Corporate Leaders Pushed their Stakeholders under the (Musk) Bus. ProMarket. Retrieved from Callahan, C. (2022). Twitter’s company culture? ‘Used to have an amazing culture, unsure of future.’ Digiday. Retrieved from https://digiday.com/media/twitters-company-culture-used-to-have-an-amazing-culture-unsure-of-future/ Sullivan, J. (2023). ‘You shouldn’t be a jerk to get ahead.’ Harvard Law Today. Retrieved from https://hls.harvard.edu/today/the-business-ethics-of-elon-musk-tesla-twitter-and-the-tech-industry/https://www.promarket.org/2023/02/08/twitters-corporate-leaders-pushed-their-stakeholders-under-the-musk-bus/
Tesla AnalysisSWOT AnalysisStrengths Strong brand equity around the world Strong culture of innovation Strong and dynamic leadership team Economies of scale Access to low cost capital sources in both the debt and equity markets. Government policies cater towards productionWeaknesses Potential lack of focus with the acquisition of Solar City. Upfront costs relative to other transportation choices is still high Highly capital-intensive business which requires large amounts of continued investment thereby lowering distributable earnings to shareholders The product relies on commodities which are subject to high levels of inflation and price volatility.Threats The company is subject to economic recessions and depression that can occur unexpectedly Consumer sentiment towards the brand can change as new competitors enter the companies target markets Foreign competition can lower prices through various government subsidies and regulations (I.E. China)Opportunities Large amount of capital is being dedicated to the ESG space. Consumers have a large desire to purchase…...
mlaReferences1. Levin, T. (2021). From bitcoin to emissions credits, here\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\'s how Tesla got creative to turn its biggest profit ever. Retrieved from Olsen, P. (2019). Tesla Model 3 Loses CR Recommendation Over Reliability Issues. Retrieved from https://www.consumerreports.org/car-reliability-owner-satisfaction/tesla-model-3-loses-cr-recommendation-over-reliability-issues/ 3. Tesla. (2013). Mission statement. Retrieved from https://www.tesla.com/blog/mission-tesla4. Thompson, A. (2020). Crafting & Executing Strategy: Concepts and Readings for Competitive Advantage (Custom 22nd ed.) New York, NY: McGraw-Hill.5. Tully, S. (2020). Tesla’s biggest profit center is dangerously close to running out of power. Retrieved from https://fortune.com/2020/09/30/tesla-profit-revenue-environmental-credits-elon-musk/https://www.businessinsider.com/tesla-earnings-profit-bitcoin-regulatory-emissions-credit-sales-elon-musk-2021-4 2.
Organizational Communications
Part I: Description of the Organization
Tesla is a niche-market company organization that manufactures electric vehicles and batteries to advance the green energy movement in the modern world. Guided by the vision of the CEO, Elon Musk, Tesla began its car business by provided luxury brand vehicles under two models, the Tesla Model X and the Tesla Model S. Recently, the company has been working on mass production of a lower-priced brand, the Tesla Model 3, for consumers not in the market for luxury vehicles. Tesla’s mission statement is: “to accelerate the advent of sustainable transport by bringing compelling mass market electric cars to market as soon as possible” (Tesla, 2013). At the core of its business is the concept of providing a product that promotes sustainability and that does not rely upon the burning of fossil fuels for vehicle transportation. Tesla’s electric vehicles are battery powered rather than gas…...
Global Business Leadership
When I first registered for the global leadership class, I thought "isn't all business the same?" In the sense that I really wasn't sure what distinguished global leadership from any other type of leadership. Having never held a management position in the workplace, I was perhaps at a disadvantage to understand the nuances of the question of global business leadership. The course has broadened my understanding of leadership on a global scale.
I see leadership as the process of leading people. The latter point is specific to understanding what leadership is -- people. A manager is someone who manages resources, and directs them to tasks, but these resources are not necessarily people -- they can be capital, or equipment. Thus, a manager is someone who determines who and what will perform the different tasks that will bring the organization closer to its stated objectives. Leadership is somewhat different, relating…...
mlaReferences
Rost, J. (1998). Leadership and management. From Leading organizations: Perspectives for a new era. Sage Publications: Thousand Oaks, CA
Leadership is difficult to quantify; studying it empirically is not a simple task, because so many different variables can be considered as the potential result of leadership. If we want to evaluate the leadership of a given CEO -- for example, to assess the leadership achievements of Mo Abudu, founder and CEO of EbonyLive TV and its various affiliated ventures (Inspire Africa, VLA) -- what statistics should we be measuring? The most popular measurement, of course, is purely financial, and regards a CEO as the sole motivating factor behind any company's economic performance -- most studies that examine Steve Jobs's leadership at Apple are quick to mention that, at the moment of Jobs's death, Apple actually had more money in the bank than the United States government (Isaacson 2012). But it is naive to assume that merely counting cash is a good way to measure leadership, just as rapid…...
mlaReferencess
Chen, C, Van Velsor, E. (1996) New directions for research and practice in diversity leadership. The Leadership Quarterly 7: 285-302.
Isaacson, W. (2012) Steve Jobs. New York: Simon and Schuster.
Northouse, P. G. (2007). Leadership: Theory and practice. Thousand Oaks, CA: SAGE publications.
Harvard Business Review has some of the best in-depth reviews of individual companies and may offer you some of the information that you seek about an individual Fortune 500 company’s culture. You could start by looking at individual aspects of what is considered part of successful corporate culture and then look for articles or essays about those different facets of corporate culture, which could be a spring-board for an in-depth analysis.
If we were looking at a Fortune 500 company and wanted to find a source of an in-depth look at its corporate culture, we would search for....
I. Introduction
A. Attention grabber
B. Brief background about effective leadership
C. Thesis statement: Effective leadership plays a crucial role in achieving organizational goals and inspiring individuals to reach their full potential.
II. Definition and characteristics of effective leadership
A. Definition of effective leadership
B. Key characteristics of effective leaders
1. Clear vision and goal-setting
2. Strong communication skills
3. Ability to inspire and motivate others
4. Decision-making skills
5. Adaptability and flexibility
III. Importance of effective leadership in an organization
A. Cite examples of successful companies with effective leadership
B. Effect on team performance and productivity
C. Improved employee morale and....
Starlink is a division of SpaceX, founded by Elon Musk, that aims to provide global high-speed internet coverage through a network of satellite constellations in low Earth orbit. The business model of Starlink is disrupting the traditional telecommunications industry by offering affordable and reliable internet service to remote and underserved areas around the world. By leveraging advanced technology and innovative strategies, Starlink is carving out a unique position in the market and creating a new blue ocean of opportunity.
Starlinks business strategy revolves around the deployment of thousands of small satellites in low Earth orbit to create a global internet....
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