Tesla Motors, Inc. (Tesla), the electric car company, unveiledits Model 3 in late July 2017 as its stock price continued toappreciate. The Model 3 was priced to sell to the mass market andto potentially compete with the mass-market leaders such as Toyota.The stock market had also responded favourably to Tesla’s decisionin 2016 to acquire SolarCity, a manufacturer of solar cells, andits decision to build the Gigafactory, the world’s largest lithiumbattery plant.
explain how Tesla understood the profit logic of its businessmodel and built the capability needed to execute it
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