Tesla CEO Quits Presidential Councils Case Solution
Case Overview
The case is based on Elon musk's withdrawal from two presidential councils after Mr. Trump withdrew from the Paris agreement. The Paris agreement is an agreement that aims at minimizing the global greenhouse gases to slow down the global warming. Paris agreement is an agreement on which more than 190 countries throughout the globe had joined hands in the United Nation’s conference to preserve the natural climate, but doing so tends to create chances of massive loss incurrences by those countries which are totally dependent on industrial sector for their economy. The United States withdrew from the Paris agreement to protect its economy. Following this incident, Elon musk also withdrew from his presidential councils, showing his disagreement on Trump's decision. Elon Musk is the founder of most successful companies like Tesla and SpaceX, which are also among those countries that tend to have a negative impact on the global climate. This incident reflects Elon musk's concern towards the climate preservation policies as well as his preference for the United States to stay aligned with the agreement,on which most of the countries through out the world unified,for the achievement of a common goal.
PESTEL framework:
Economic impact:
Elon musk’s withdrawal is not perilous to the United States’ economy but it can potentially hurt the American economy to some degree, since Elon is not only a businessman but is also an investor who can detect and invest in most successful innovations for the future. His withdrawal is a source of loss for the American economy, because the export industry is one of the major sources of economy for the United States. Also, Tesla alone has created 1500 jobs and has proven itself to be a competitive developer of the world’s top advanced vehicles (energy.gov). The company has created a significant employment opportunity in the American job market and has also encouraged climate preserving innovation, for example: electric or solar energy-based vehicles in the United States.
Technological impact:
The technology-based industry is one of the five major industries of the United States, and Elon Musk is the founder of the world's most innovative and useful technologies. His investment decisions never turned unsuccessful, the example of which are: SpaceX, tesla and even PayPal. Elon has a critical eye for investment in innovative technologies. Due to this, Elon is a person who is of great importance to the United States. Elon Musk's withdrawal is most likely to cause some loss for the United States’ technology industry. The United States' technology industry can have a direct impact on the economy of the United States. The withdrawal of Elon musk can create hurdles for the US’s technology industry and it can also discourage the investors and innovators who are looking forward to creating environment friendly solutions to the global needs. In a long run, this decision can have an impact on other industries as well, and it can also create obstacles for innovations in the United States since innovation for environmental preservation is a huge cause that might have promoted innovations in the United States............................
This is just a sample partial case solution. Please place the order on the website to order your own originally done case solution.
Related Case Solutions & Analyses:
Airbnb (B)
Strategic Conversations at Suncorp Commercial Insurance (A)
Saffronart.com: Bidding for Success
Managing Diversity at Cityside Financial Services
Anheuser-Busch and the U.S. Brewing Industry
Business Plan for Room for Dessert: Adding Unique Ingredients to Lifes Balancing Act
Measuring Physician Contribution to the Healthcare Safety Net
A “Rich-vs.-King” Approach to Term Sheet Negotiations
Yale University Investments Office
The Interagency Collaboration Between School Counselors And Social Service Workers
