Can Elon Musk Turn Tesla Around?
|
Case Code: BSTR594 Case Length: 18 Pages Period: 2016-2020 Pub Date: 2020 Teaching Note: Available |
Price: Rs.500 Organization: Tesla, Inc. Industry: Electric Vehicles Countries: US,Europe,China Themes: Strategic Management, Leadership and Change Management, Turnaround, Organizational Crisis |
Abstract Case Intro 1 Case Intro 2 Excerpts
Introduction
Despite delivering a record number of Electric Vehicles (EVs) (95,356 vehicles) in the second quarter of 2019, the world’s leading EV maker Tesla, Inc. (Tesla) found its losses piling up, as it reported a second successive quarterly loss of US$408.3 million. Investors’ concerns over the company’s future and its ability to turn a profit sent Tesla’s stock plummeting. Its share prices dropped 11% in after-hours trading after the announcement of the Q2 earnings, on course to knock more than US$5 billion off its market value. As shareholders continued to question the company’s long-term finances, cash flow, and profitability, Tesla’s CEO Elon Musk (Musk) said, "From a profitability standpoint we expect to be probably around break-even this quarter and profitable next quarter. I feel pretty confident about that." ...
Buy this case study (Please select any one of the payment options)
| Price: Rs.500 |
Price: Rs.500 | PayPal (11 USD) |
