For many years the automobile industry was not focused as there were new players as the tech companies to compete and, the automobile giants like GM, Ford, Daimler lead the industry with ease till 1999. The concept of the electric car was into action in 2000, even though the electric car was the new concept none of the big giants seemed to be interested in the production.
Elon Musk responded as the leader in this situation to come up with the new cars which run only on battery. Listed are few points Elon Musk focused on to be successful today in the automobile industry.
The company was said to be the most valuable company in the automobile industry surpassing Ford recently. Even though the production count is much lesser than Ford, Tesla still ranks 1 in the value of the company. The current situation has paused the production of many automobile giants as the pandemic situation costing them high. As they recently stepped into the production of electric cars, the operation cost will be high. However, as Tesla already leading the market and invested much earlier, the production will not affect much.
As a leader, the future thinking and steps you take for the company to play an important role, and working on the expertise is the key point. Elon Musk employed in PayPal as a technical executive that made him work and expertise on the technical aspect within the automobile industry.