Tesla Model S: Growth Phase and Future Life Cycle Challenges
The Tesla Model S follows a distinct product life cycle, currently in its growth phase. Initially, high development costs were incurred, but increasing consumer acceptance has driven demand. As the market expands, competition intensifies, leading toward the maturity stage. Eventually, newer innovations may push the vehicle into decline. Tesla continuously improves the Model S, extending its growth and delaying market saturation. Understanding these life cycle stages helps predict challenges and opportunities in the evolving electric vehicle industry.
References
Thomas, V. J., and Elicia Maine. “Market entry strategies for electric vehicle start-ups in the automotive industry–Lessons from Tesla Motors.” Journal of Cleaner Production 235 (2019): 653-663. Web.
Reference
StudyCorgi. (2025, March 25). Tesla Model S: Growth Phase and Future Life Cycle Challenges. https://studycorgi.video/tesla-model-s-growth-phase-and-future-life-cycle-challenges/