Tesla Manufacturing Plant Project

Tesla manufacturing plant project

The organization selected in the analysis is Tesla, Inc., the company manufactures electric cars, solar panels & clean energy storage. Tesla's mission is to “fast-track global transition into the use of sustainable energy such as solar power, electric cars.” The company location-based in Palo Alto, California, United States, and operates several manufacturing facilities in the United States, China, and is in the process of constructing the European factory in Germany. The Tesla Factory in Fremont is the automobile manufacturing plant and currently used in the manufacture of several products, namely Model 3, Model S, and Model X (Tesla. (n.d.).

Elon musk is undoubtedly in the company Leadership. Elon is Tesla Motors' head and is considered the head of the firm, mostly in the electric vehicles section. Musk is not alone and relies on the help of Tesla's executive management to continue pushing the company into greater heights and help it achieve the mass marketing objective. The company has other divisions such as the head of the manufacture, which is headed by other leaders who work toward the same goal. Tesla's financial goal is long-term oriented. Tesla has recorded annual financial growth for the last ten years, from 2009 to 2019. From 2016, the company has recorded an increase from $11.759B to $24.578B in 2019 (Macro Trends, n.d.). That is a significant increase in terms of revenues. Generally, the company has seen growth in terms of gross profit from $2.223B in 2016 to $4.069B (Macro Trends, n.d).

Tesla cyber truck project

Tesla's company goal is to expand its production capacity by building new factories in American and other different parts of the continent. The focus project in this is the construction of a production facility meant for the manufacture of tesla’s Cybertruck project in Texas. The need to build another factory for the cyber truck is because of the main factory in Fremont in full and no space for another project. Therefore having a new factory will provide more space to ensure it has a space to host the production. While the clear objective is not only to build the vehicle in the state but also to create more jobs in the state and increase the competitive edge.

Tesla project aims to position the firm on the gold east coast, manufacture more sedan models, and make the company competitive. According to the article, Musk argued that the firm is looking for more locations to facilitate the electric pickup and, in addition, manufacture the Model Y in the company. The benefit is that the company will increase its competitiveness in the East Coast and also help trigger state-by-state competition for the company product. Other products that are likely to be done in the company are the Tesla Roadster and Semi models (Chuwiruch, 2020). The project will also gain from the executive incentive, where the company program earns an estimated $1.3 billion.

The timeline of the new Giga factory will run for two years from 2022, and the completion period will come before the end of 2022. However, the proposed timeline can either go before he proposed time or before based on various factors such as funding and the availability of material for the construction. The specific date for the proposal is expected to begin by September 1^st, 2020 and be completed by May of 2022. The proposal is massive, and it starts by acquiring the needed permit for the construction of the main facility and installation of necessary instruments to the beginning of the manufacturing the first vehicle (Chuwiruch, 2020). The milestones are structured from 30 months is the first production, 48 months is expected full completion, and 60 the company is likely to operate in full capacity.

Project Closure Plans