close
This essay has been submitted by a student. This is not an example of the work written by professional essay writers.

Overview of Tesla Motors Open Innovation Framework

downloadDownload printPrint

Pssst… we can write an original essay just for you.

Any subject. Any type of essay.

We’ll even meet a 3-hour deadline.

Get your price

121 writers online

blank-ico
Download PDF

In 2015, Tesla was named to the top of The World’s Most Innovative Companies list, produced by Forbes magazine. The company have “innovated innovation”. Using the open innovation framework this is how Tesla implements open innovation to action:

Coopetition

Tesla Motors uses three pathways in order to improve availability of EVs to consumers: First, EVs are traded in both online channels and own companies’ showrooms. Second, Tesla made their patented electric powertrain components sold to auto manufacturers for faster delivery to consumers. Last, Tesla motors becomes a model of change for socially responsible vehicle having a sportive performance.

Corporate Ventures & Partnerships

Tesla Motors acts as an original equipment manufacturer (OEM) but at the same time having the production of electric powertrain components available for buying and trading by other companies. “The outside-in process aims to increase the knowledge of a company bringing together customers, suppliers and knowledge coming from external sources. On the other hand, the inside-out process aims to make the firm more profitable by coming up with innovative ideas, commercializing intellectual property (IP) rights and extending technology by interacting with the outside environment. ” Tesla has brought innovation outside in and knowledge transfer.

Designs: Tesla have partnered with Lotus, that started by setting up a design competition. Tesla opened up to the outside knowledge rather than starting from scratch with their project.

Battery pack: Tesla have partnered with Panasonic (a cell manufacturer) as one of its main cores of innovation. Not only that, this has led to an R&D collaboration for the next gen battery cells to be used to create a most efficient EVs, the Tesla Model S.

Electric drive & battery systems: plus the “KNOW-HOW” Benefits – alliance with Daimler in which this company have invested $50 million to further its flourishing developments. The partnership expanded with Daimler’s affiliate, Freightliner, for developing Tesla Motor’s battery back to Freightliner’s delivery vans.

Production systems and engineering support: backed up with the partnership with Toyota in the production of Tesla Model S. That model is also an electric version of Toyota’s RaV4.

With the stated facts above, you will see how Tesla has opened their ideas to the world, through partnerships, alliances, joint venture and a lot more. Together, it is mutual-beneficial for all. Open innovation has made the Tesla Motors EVs into reality by not keeping the ideas in their company alone, it is a collective effort and brilliance of all companies involved, from the smallest supplier to its most important ones.

Tesla Motors generated ideas and brought them to the market – same way harnessing external ideas and did joint R&D with experts in the field.

infoRemember: This is just a sample from a fellow student.

Your time is important. Let us write you an essay from scratch

100% plagiarism-free

Sources and citations are provided

Find Free Essays

We provide you with original essay samples, perfect formatting and styling

Cite this Essay

To export a reference to this article please select a referencing style below:

Overview of Tesla Motors Open Innovation Framework. (2020, April 02). GradesFixer. Retrieved June 16, 2021, from https://gradesfixer.com/free-essay-examples/overview-of-tesla-motors-open-innovation-framework/
“Overview of Tesla Motors Open Innovation Framework.” GradesFixer, 02 Apr. 2020, gradesfixer.com/free-essay-examples/overview-of-tesla-motors-open-innovation-framework/
Overview of Tesla Motors Open Innovation Framework. [online]. Available at: <https://gradesfixer.com/free-essay-examples/overview-of-tesla-motors-open-innovation-framework/> [Accessed 16 Jun. 2021].
Overview of Tesla Motors Open Innovation Framework [Internet]. GradesFixer. 2020 Apr 02 [cited 2021 Jun 16]. Available from: https://gradesfixer.com/free-essay-examples/overview-of-tesla-motors-open-innovation-framework/
copy to clipboard
close

Sorry, copying is not allowed on our website. If you’d like this or any other sample, we’ll happily email it to you.

    By clicking “Send”, you agree to our Terms of service and Privacy statement. We will occasionally send you account related emails.

    close

    Attention! This essay is not unique. You can get a 100% Plagiarism-FREE one in 30 sec

    Receive a 100% plagiarism-free essay on your email just for $4.99
    get unique paper
    *Public papers are open and may contain not unique content
    download public sample
    close

    Sorry, we could not paraphrase this essay. Our professional writers can rewrite it and get you a unique paper.

    close

    Thanks!

    Your essay sample has been sent.

    Want us to write one just for you? We can custom edit this essay into an original, 100% plagiarism free essay.

    thanks-icon Order now
    boy

    Hi there!

    Are you interested in getting a customized paper?

    Check it out!
    Having trouble finding the perfect essay? We’ve got you covered. Hire a writer
    exit-popup-close

    Haven't found the right essay?

    Get an expert to write you the one you need!

    exit-popup-print

    Professional writers and researchers

    exit-popup-quotes

    Sources and citation are provided

    exit-popup-clock

    3 hour delivery

    exit-popup-persone