Success Definition:
Maybe we need to define what "success" means for Tesla.
Many people would argue that Tesla is a failure, non-profitable, and going to be bankrupt soon.
That includes a very respectable former GM executive Bob Lutz:
Tesla just rolled out 2 new vehicles, but an ex-top GM exec thinks its 'going out of business'
TSLA has been the among most popular shorts:
Tesla is the biggest short in the US stock market
On the other hand, I would argue that Tesla is a success because:
1) It has kept on surviving despite critics
2) All U.S. car companies except for Ford and Tesla went bankrupt so far.
3) It has produced 4 different models and more in future
4) There have been more demands from consumers years after years
5) No problem with cashflow to pay bills despite lacking a profitable year so far
6) Persistence of Elon Musk who refuses to give up in very bad times and every time.
7) Cult follower.
Business Strategy:
Robinhood principle: Rob from the rich and give it to the poor.
In this case, the rich may not know that they have been robbed because of good look, technology, acceleration, and handling...
Others have been aware that they have been paying higher prices in order to subsidize cheaper models.
The Secret Tesla Motors Master Plan (just between you and me)
It understands the importance of range and fast charging (Nissan Leaf has been lacking both long range and supercharging while GM Bolt has good range but not supercharging.)
Timing:
All car companies pulled out of producing EV which created a vacuum for Tesla to lead in this area.
Car industry refused to adopt Tesla faster charging rate which again created a vacuum for Tesla to lead in global adoption of Supercharger protocol.
It did its research and concluded that Lithium battery is the right choice while others still cling to fossil fuel, hybrid, and fuel cell.
Cash infusion just right in time:
Elon Musk: Daimler Saved Tesla, DoE Loans A Bad Idea