Part 1: Accounting Data ( 30 points) 1. Understanding Tesla's business strategy relative to the auto industry (10 points) A. What is the difference in Tesla's business strategy compared to other car companies? ( 6 points) Most companies face the trade-off between prices and sales volume. Some companies have high sales prices but low sales volume, while some companies aim to have low prices and high volume. Where does Tesla fit into this trade-off in the auto-industry? Do they have low-prices + high-volume or high-prices + low-volume? Create two comparisons to answer this question (1) Tesla vs, the industry average for each year and (2) Tesla vs. each company in 2021. To answer this question, you will have to look at these 2 variables: - Gross margin: the (gross) profit in percentage that the company earns for cach car sale - Inventory turnover: how many times the company sold its stock of inventory in the year