Tesla Inc.: Sustainability and social responsibility.

Tesla Inc.: Sustainability and social responsibility.
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Tesla Inc.: Sustainability and social responsibility.
Sustainability and social responsibility are key pillars that are drivers of every economy. In the corporate sector, sustainability and social responsibility are significant cogs in the wheel that ensures the overall objectives of a firm are achieved, which is making profits in most cases. Sustainability is the angle of conducting business that focuses on the long-term value the stakeholders derive from the implementation of the business strategy. It focuses on the social, ethical, cultural, economic, and environmental aspects of doing business. On the other hand, social responsibility focuses on the ability of an organization or entity to benefit society as a whole through its action in addition to maximizing shareholder value. Sustainability and social responsibility result in the longevity of a business model as well as the effective and efficient operation of a business. Tesla Inc. is one example of a firm that has maintained strict adherence to the two theories for the benefit of the firm, the society, and the environment.
Tesla Inc. is built on a model that focuses on using renewable and sustainable energy to drive everyday motors and machines. This is evident in the products and services that the firm offers, including solar-powered vehicles, electrically powered vehicles as well as charging stations for such machines. They also are in the process of creating other products that make use of other clean and renewable sources of energy. Throughout this model, they can generate profit and value for their shareholders and grow their company. In the same way, they impact the society and environment both directly and indirectly, the very definition of corporate social responsibility. Zero emissions from their clean energy-ran vehicles ensure th...