Tesla Inc. – Digital Transformation Strategies

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Tesla Digital Transformation Strategies Report Overview

Tesla uses big data analytics technologies as a part of its digital transformation strategies. The annual ICT spending of Tesla was estimated at $3.6 billion in 2022. A major share of this spending is earmarked for acquiring software, hardware, and ICT services from vendors. Tesla is an automotive and energy company. It designs, develops, manufactures, sells, and leases electric vehicles and energy generation and storage systems. The company produces and sells the Model Y, Model 3, Model X, Model S, Cybertruck, Tesla Semi and Tesla Roadster vehicles. Tesla also installs and maintains energy systems and sells solar electricity; and offers end-to-end clean energy products, including generation, storage, and consumption.

iTotal ICT Spending 2022 $3.6 billion
ICT Spend by Function Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management
ICT Spend by Channel Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators
External ICT Spend by Segment ICT services, Software (including Cloud SaaS), Hardware (including Cloud Iaas), Network and communications, Consulting, and Others
Technology Theme Focus Artificial Intelligence, Big Data, Blockchain, Cloud, and Alternative Reality

The Tesla Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, partnerships, investments, acquisitions, ICT spending among others.

Digital Transformation Strategies

Tesla collects a range of data from its vehicles and analyses them on its servers for different purposes such as detecting and resolving issues in its vehicles and developing new products and services. For instance, Tesla analyzed real-time data from its vehicles to fix the problem of overheating which was caused by power fluctuations. Tesla resolved the issue with a software update that was sent over the air to all Tesla vehicles. The company also used data collected from vehicle sensors to develop an accurate map, self-driving technologies as well as an insurance policy. The company offers low-cost insurance policy to select Tesla drivers after analyzing their driving behavior and vehicle performance. Tesla also analyses customer feedback and comments on its online forums to address customer needs and demands in future.

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Tesla Technology Theme Focus

Tesla is utilizing number of emerging technologies including artificial intelligence, big data, blockchain, cloud, and autonomous vehicles to enhance operational efficiency and product offerings.

Tesla Technology Focus

Tesla Technology Focus

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Tesla Technology Initiatives

Tesla has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs over the past few years. For instance, Tesla partnered with Re|Source consortium, a consortium of cobalt producers, to develop a blockchain platform for tracing the supply chain of cobalt, right from the mines in the Democratic Republic of Congo to its battery production facilities. The pilot of the platform was scheduled to run until the end of 2021 and the full rollout was scheduled in 2022. The Re|Source consortium comprises Eurasian Resources Group (ERG), China Molybdenum Co., Ltd (CMOC), and Glencore plc. Kryha was the technology partner. The solution helps Tesla to source cobalt from sustainable sources.

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Tesla ICT Spend by Function

  • Communications
  • Data center
  • Network
  • Application
  • End-user computing
  • Service desk
  • Management

Tesla ICT Spend by Function, 2022

Tesla ICT Spend by Function, 2022

For more insights on ICT spending by function, download a free report sample

Tesla ICT Spend by Channel

  • Internal development and maintenance
  • Technology vendors (direct)
  • Local resellers
  • Telcos
  • ICT services providers/Consulting firms
  • Specialist outsourcers
  • Systems integrators

Tesla ICT Spend by Channel, 2022

Tesla ICT Spend by Channel, 2022

For more insights on ICT spending by channel, download a free report sample

Tesla External ICT Spend by Segment

  • ICT services
  • Software (including Cloud SaaS)
  • Hardware (including Cloud Iaas)
  • Network and communications
  • Consulting
  • Other

Tesla External ICT Spend by Segment, 2022

Tesla External ICT Spend by Segment, 2022

For more insights on external ICT spending by segment, download a free report sample

Scope

This report provides:

  • Insight into Tesla’s technology activities.
  • Insights of its digital transformation strategies and technology center & innovation program.
  • Overview of technology initiatives covering product launches, partnerships, investments, and acquisitions.
  • Insights on each technology initiative including technology theme, objective, and benefits.
  • Details of estimated ICT budgets and major ICT contracts.

Reasons to Buy

  • Gain insights into Tesla’s technology operations.
  • Gain insights into its technology strategies and innovation initiatives.
  • Gain insights into its technology themes under focus.
  • Gain insights into its various product launches, partnerships, investments, and acquisitions.

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Table of Contents

Overview                                                                                              

– Brief information about the company, its business divisions and its financials

Digital Transformation Strategy                                                       

– A summary of key digital strategies/implementation efforts  of the company

Accelerators, Incubators, and Other Innovation Programs      

– Discusses the company’s key strategic units, innovation labs, incubation and accelerator programs dedicated to technology innovation

Technology Focus                                                                               

– Lists the technology themes pertinent to the industry the company operates in and highlights the themes adopted by the company

Technology Initiatives                                                                       

Discussion about all the technology introductions & partnerships the company has entered

Investment                                                                                            

Brief discussion about the investments made by the company to acquire new technologies

Acquisitions                                                                                        

Brief discussion about the acquisitions by the company

Partnership, Investment & Acquisition Network Map              

– A bird’s eye view of all the partnerships/investments/acquisitions that the company has made in the last 3-5 years

ICT Budget and Contracts                                                                 

– The company’s ICT budget segregated into hardware, software, and managed IT services

Key Executives                                                                                     

– Lists key executives and Digital Transformation Executives of the company, typically the key decision makers/influencers

Frequently asked questions

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