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B . How has Tesla s business strategy ( or target customer ) changed over time? ( 3 points ) In 2 0 1 7

B. How has Teslas business strategy (or target customer) changed over time? (3 points)
In 2017, Tesla released the Model 3, meant to be one of the first affordable electric vehicles. Did the release of a more affordable Model 3 in 2017 change Teslas Gross Profit Margin and Inventory Turnover?
Key Variables (Tesla only):
Gross margin: the (gross) profit in percentage that the company earns for each car sale
Inventory turnover: how many times the company sold its stock of inventory in the year
Divide the sample into pre-2017 and post-2017 and compare the average Gross Profit Margin and Inventory Turnover. Please do a t-test to test if the difference in both variables is statistically significant.

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