The Million-Dollar Idea: Tesla

By Yhordan Serpentini | March 18, 2022

With global tension rising higher than ever before, inflation is carving its name in the heart of the stock market. Since we heavily rely on gasoline, diesel oil, oil, and kerosene as our main source for not only transportation but also for mechanicals like factories, machines, generators, etc., the prices of these sources will progressively soar as we begin to burn through our oil reserves. How does a problem like this fit into the million-dollar idea of today’s blog? Simple! As mentioned over and over again in each blog—and I won’t stop repeating it—convenience is the key to success. As long as you’re solving a problem or making something more convenient for the grand public, it will eventually succeed. The current ‘oil crisis’ is a major problem that the Tesla company has the opportunity and potential to solve.

What is Tesla?

I’m sure many of you are aware of who or what Tesla is. In a brief summary, Tesla is a fast-growing car manufacturing company that specializes in designing, developing, and manufacturing electric-powered vehicles that are eco-friendly. Initially, these electric-powered vehicles were designed to combat global warming by proving that modes of transportation do NOT require gasoline—which of course means no fossil fuels being burned into our atmosphere, and no carbine dioxide tearing away at our ozone layer. Now having succeeded in creating a mode of transportation that is eco-friendly, Tesla has been working on ways to improve their vehicles, which are quickly becoming, if not already are, the most technologically advanced cars to date.

Why Are They Trending?

With the brief rundown of what Tesla is, it is more than clear as to why they have been trending for nearly 20 years. Electric-powered vehicles not only provide a friendlier environment to ourselves and the ecosystems surrounding us, but also provides excessive financial benefits, such as reduced costs and uses of gasoline, kerosene, and oil. Solar panels are another great example of a million-dollar idea that combats the issues of global warming by taking advantage of the energy that is wonderfully provided by our sun and converting it into a usable source of electricity.

Remember that being convenient or solving a problem are the two primary ways companies can and will succeed. Of course, your million-dollar idea doesn’t have to be something this technologically advanced or revolutionary, nor do you need to be as overachieving as Tesla’s CEO who is also the CEO of SpaceX—one of NASA’s fast-growing competitors—though I plan on writing a separate blog about that soon. Once again, the reason why we review and analyze these companies, their services, and their products are so we can pinpoint exactly why these are worthy of being million-dollar ideas. In the case of Tesla, they took advantage of a global issue to create and profit off of a solution; hospitals, pharmacies, law firms, and defense firms are no different. If you can find a way to profit from a solution to any problem, you already have a million-dollar idea in the making.

The Million-Dollar Idea: Tesla