How Tesla changed the car industry. An innovation analysis

Academic Paper from the year 2021 in the subject Economics - Innovation economics, grade: 1,7, , language: English, abstract: This Analysis will focus on how Tesla managed to enter the car industry (Porter´s Five Forces), how they use the mentioned technologies to differentiate from other participants to disrupt the industry (Christensen Module I), and now enter the mass market (Crossing the Chasm). At the end future recommendations for Tesla are given.The automotive industry is changing fast and adopting new technologies which will play central roles in the future of the industry. First the megatrend within the industry is to shift from the classical petrol engine towards electric vehicles. Second, new technologies for the cars include artificial intelligence (AI), big data & analytics, internet of things (IOT) or autonomous driving.