Homework answers / question archive / It is July 26, 2021, and the Board of Directors of Tesla Incorporated has employed you as a consultant to assess and improve the company’s overall situation during the third global wave of the COVID-19 Pandemic and recommend a set of specific, measurable, and rapid actions for the company to take to (a) address persistent supply chain issues, (b) provide focus regarding the company’s self-driving vehicle initiative, and (c) address the company’s stalled stock price

It is July 26, 2021, and the Board of Directors of Tesla Incorporated has employed you as a consultant to assess and improve the company’s overall situation during the third global wave of the COVID-19 Pandemic and recommend a set of specific, measurable, and rapid actions for the company to take to (a) address persistent supply chain issues, (b) provide focus regarding the company’s self-driving vehicle initiative, and (c) address the company’s stalled stock price

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It is July 26, 2021, and the Board of Directors of Tesla Incorporated has employed you as a consultant to assess and improve the company’s overall situation during the third global wave of the COVID-19 Pandemic and recommend a set of specific, measurable, and rapid actions for the company to take to (a) address persistent supply chain issues, (b) provide focus regarding the company’s self-driving vehicle initiative, and (c) address the company’s stalled stock price. Please prepare a report to Tesla’s board of directors that proposes a list of action recommendations that the company needs to follow into order to address all three of these areas in fiscal 2021. 

Writing in July 2021, Tesla Chief Executive Elon Musk had the following to say about the company’s recent performance: 

To recap, the second quarter of 2021 was a record quarter on many levels. We achieved record production and deliveries and surpassed over $1 billion in GAAP net income for the first time in Tesla history. I’ve really like to congratulate everyone at Tesla for the amazing job. This is really an incredible milestone Underneath this rosy report, however, were several problem areas. Global supply chains were compromised, particularly regarding computer chips. Tesla had also experienced several spectacular and highly publicized failures with their fully self-driving (FSV) vehicle initiative. Further, Tesla’s stock price had stalled. See Tesla’s stock price history here.

As a result, the Tesla Board of Directors requests a specific and measurable recommendation in each of the three following areas: 

(1) A recommendation to resolve Tesla’s supply chain issues, 

(2) A recommendation to address the company’s troubled full self-driving (FSV) initiative, and 

(3) A recommendation to return Tesla’s stock price to robust growth.