Tesla Many analysts cite Tesla as the most innovative car company to enter the automobile industry in recent history. The company was founded in 2003 with the vision of being an independent automaker that would build affordable electric cars. Over the next 17 years, it produced ve different car models and continues to introduce concepts for additional vehicles. It has also expanded into home battery and solar panel products. In the rst half of 2020, 81% of electric vehicles sold were Teslas, and its affordable sedan, the Model 3, is the all-time bestselling electric vehicle ever. Tesla's cars helped create a new market for electric vehicles. In addition, its cars have technological components that have advanced safety throughout the automobile industry. Its cars can come with self-driving capabilities and advanced safety warnings. Parts of these technologies have been adopted by other car makers. Resources: https:enwikipediabrg/wiki/Tesla, Inc. 1. Think about the automobile industry. Explain what type of market it is by answering the three big questions (number of buyers and sellers, type of product, barriers to entry). (10 points) 2. You read about Blue Ocean and Red Ocean strategies. Which ocean does Tesla t in? How has the \"ocean\" changed over time? Include in your answer what other motor vehicle companies have done to respond to innovations by Tesla? (10 points) 3. How do Blue Ocean strategies benefit society? (10 points)