What is a growth team you ask? A growth team within a company is generally a small data driven group tasked with figuring out how to scale the business. Most often, the day-to-day work will consist of planning growth models and running them in simulations in order to develop the best possible way to expand.
Facebook had an important growth team that significantly contributed to the company reaching one of the biggest user base in the history of any product ever – same thing for Uber, but on a much smaller scale.
Now that Tesla plans to expand significantly in the next few years through the introduction of the Model 3 and Tesla Energy products, Electrek has learned that the automaker has started building a growth team “from scratch”. It started by hiring from Facebook and Uber; two of the best examples of optimizing growth through growth teams. expand full story