Tesla avoided the common mistakes made by many start-ups

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Tesla Motors, Inc. (Tesla), the electric car company, unveiled its Model 3 in late July 2017 as its stock price continued to appreciate. The Model 3 was priced to sell to the mass market and to potentially compete with the mass-market leaders such as Toyota. The stock market had also responded favourably to Tesla’s decision in 2016 to acquire SolarCity, a manufacturer of solar cells, and its decision to build the Gigafactory, the world’s largest lithium battery plant.

Identify how Tesla avoided the common mistakes made by many start-ups, namely, running out of cash.

Reference no: EM132245216

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