strategy planning- 4 pages- apa-critical Thinking: Scope of the Modern Company (105 points)In this module, we looked at technology-based industries and the management ofinnovation. For this weeks assignment, review Tesla: Disrupting the Auto Industry, Case12 (in your textbook). Remember: A case study is a puzzle to be solved, so before readingand answering the specific case study questions, develop your proposed solution byfollowing these five steps:1. Read the case study to identify the key issues and underlying issues. These issues are theprinciples and concepts of the course area which apply to the situation described in the casestudy.2. Record the facts from the case study which are relevant to the principles and concepts of thecourse area issues. The case may have extraneous information not relevant to the current coursearea. Your ability to differentiate between relevant and irrelevant information is an importantaspect of case analysis, as it will inform the focus of your answers.3. Describe in some detail the actions that would address or correct the situation.4. Consider how you would support your solution with examples from experience or current real-lifeexamples or cases from textbooks.5. Complete this initial analysis and then read the discussion questions. Typically, you will alreadyhave the answers to the questions but with a broader consideration. At this point, you can add thedetails and/or analytical tools required to solve the case.Case Study Questions:1. How are the conventional (internal-combustion-powered) automobile industry and the electric-powered automobile industry similar and how are they different?2. Was it a mistake for Tesla to open its patents? Why or why not?3. What is Teslas strategy? What role does innovation play in this strategy?4. How sustainable is Teslas competitive advantage? What changes in Teslas strategy or itsmanagement systems, if any, would you recommend?Your well-written paper should meet the following requirements:? Be 4 in length, which does not include the required title and reference pages, which are never apart of the content minimum requirements.