Inferring the Future of the Electric Vehicle Industry from Tesla’s New Business Model

Abstract

Since 2020, the automotive industry has faced a new transition from mechanical machines to electronic products, and its development model has undergone fundamental changes. The automotive industry has turned to software and application ecology to seize user needs and explore new profit models. Tesla has changed the original car-making concept that was biased towards manufacturing, and transformed the Electrical/Electronic Architecture and profit model to bring about a reassessment of the industry's valuation system. The catfish effect brought by Tesla has opened up the imagination of the industry's business model, the electric vehicle industry will begin to a new era. This study provides implications for enterprises in the electric vehicle industry to improve their business model.