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Elon Musk's Strategy to Diversify (An Analysis of Tesla and Bitcoin)
Subject area: Science,Engineering and Technology · Area of research: Strategy and Practice
Abstract
Tesla Motors, a pioneering company in the auto-motive industry known for its innovations in electric vehicle technology, has recently entered the cryptocurrency world. This move marks a significant shift from its traditional business domain, arousing interest in industry experts and enthusiasts. As a company that consistently pushes the boundaries of technology and sustainability, Tesla's foray into Cryptocurrency represents a bold convergence of two dynamic realms. The strategic merit of Tesla's venture into Cryptocurrency necessitates a comprehensive examination of various factors. Paramount among these considerations is the alignment of this move with Tesla's overarching vision and mission, as well as the evolving landscape of Cryptocurrency over the next 5 to 10 years. By scrutinizing these factors, we can better gauge the potential implications of this bold maneuver.
Keywords
Tesla, Bitcoin, Elon Musk, Strategy and Practice
How to cite this paper
@article{1705548,
author = {Charity Ilevbare-Adeniji},
title = {Elon Musk's Strategy to Diversify (An Analysis of Tesla and Bitcoin)},
journal = {Iconic Research And Engineering Journals},
year = {2024},
volume = {7},
number = {8},
pages = {375-379},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1705548.pdf},
abstract = {Tesla Motors, a pioneering company in the auto-motive industry known for its innovations in electric vehicle technology, has recently entered the cryptocurrency world. This move marks a significant shift from its traditional business domain, arousing interest in industry experts and enthusiasts. As a company that consistently pushes the boundaries of technology and sustainability, Tesla's foray into Cryptocurrency represents a bold convergence of two dynamic realms. The strategic merit of Tesla's venture into Cryptocurrency necessitates a comprehensive examination of various factors. Paramount among these considerations is the alignment of this move with Tesla's overarching vision and mission, as well as the evolving landscape of Cryptocurrency over the next 5 to 10 years. By scrutinizing these factors, we can better gauge the potential implications of this bold maneuver.},
keywords = {Tesla, Bitcoin, Elon Musk, Strategy and Practice},
month = {February},
}