Read the following article about Tesla. Answer the following prompt with a one page paper. here are the paper links to go based off
1) https://www.statista.com/aboutus/our-research-commitment
2) https://www.statista.com/topics/2086/tesla/#topicOverview
3) https://www.statista.com/statistics/272120/revenue-of-tesla/
4) https://www.statista.com/statistics/960121/sales-of-all-electric-vehicles-worldwide-by-model/
5) https://www.statista.com/topics/1893/toyota/#topicOverview
please refere to these articles to write the essay
With the current push to change from gas run vehicles to electric vehicles, along with the threat of new entrants into the electric vehicle market, what strategy would you recommend to Tesla to stay competitive in the electric vehicle market?
Most valuable automotive brands worldwide by brand value 2022
Published by Statista Research DepartmentLinks to an external site., Jun 16, 2022
The Tesla marque was ranked as the world’s most valuable car brand in 2022, with a brand value of roughly 75.9 billion U.S. dollars. Toyota, 2020’s leader, is now the runner-up, followed by Mercedes-Benz.
Tesla stays in the lead
TeslaLinks to an external site. had been steadily climbing up the world’s most valuable car brands ranking, reaching the top in 2021. Tesla, Inc., founded in 2003 as Tesla Motors, is a North American electric vehicle and clean energy automaker based in Palo Alto, California. Its revenueLinks to an external site. in the 2021 fiscal year reached over 53.8 billion U.S. dollars, and the Tesla Model 3 was the best-selling plug-in electric vehicle model worldwideLinks to an external site. in that same year.
Other valuable car brands worldwide
Toyota, the runner-up, is a subdivision of the Toyota Motor CompanyLinks to an external site., founded in the late 1930s. The Japanese manufacturer is one of the largest companies in the global automotive industry and is active in various segments, including SUVs and crossovers, trucks, and motorcycles. Automotive brands such as BMW and Mercedes-Benz also made the list of the most valuable car brands worldwide. Germany’s Mercedes-Benz assembles luxury and crossover automobiles, buses, and trucks.
The paper should be APA formatted and include at least one cited reference.
The following grading rubric will be used.
