SWOT Analysis_ Tesla.pdf - GROUP NO. 4 . Introduction:...

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GROUP NO. 4Page1of8.Introduction:Tesla Inc. is one of the most discussed companies among business enthusiasts.This SWOT analysis of the company will reveal all the significant insights regarding everyfactor of Tesla business model.SWOT analysis an immensely interactive process and requires effective coordination betweenvarious departments within the company such asoperations, marketing, finance, managementinformation systems and strategic planning.The results of this analysis also include strategic reforms considering all the SWOT factors,i.e., strength, weakness, opportunities, and threats.So, let see and find out what are the factors which affect thisorganization’s competitivenessinthe global automobile industry/market.STRENGTH:The strengths of Tesla include the positive aspects of the company, which have strengthen theposition of Tesla to become one of the most dominant companies in the world.1.Top Employer CompanyAny organization is as good as it employs. Teslais one of the key factors for the company’ssuccess in this case. According to the Wall Street Journal reports, Tesla has emerged as anideal company for employees owing to its diversity and innovation-encouraging culture.It has recently been listed as one of the leading company to work, attracting youngjobseekers with fresh talents and energy. The company has also been featured in Forbes’America’s Best Employer 2019.2.The Leading Automotive CompanyDespite its several legal issues, Tesla’s sales have always increased each year. it hasbecome a leading automotive brand for 2019, delivering367,500 vehicles.The high sales have largely been attributed to unparalleled advancement in innovation andluxury simultaneously, the company has left behind some very exclusive automobile brandslike Mercedes and BMW.3.Leading in-class Electric CarsWhen it comes to producing the finest electric cars, Tesla has left major brands far behind.When compared by their range, Tesla’s electric cars have proven to be the best coveringmaximum distances.
GROUP NO. 4Page2of8The recent comparison shows that Tesla occupies the top three places in terms of range.Tesla’s Model S will deliver you the furthestdistance as it travels up to 600 kilometres ona single battery charge. The nearest another brand has got is the Opel Ampera, with a rangeof 520 kilometres4.Dominates the U.S Electric Vehicle SalesAccording to Statista, Tesla model 3 is the mostsold electric vehicle of 2019 with sale 187,971number of cars. while the second position is takenby Chevrolet Volt with 155,477 car sales.The Tesla Model S comes third having sold134,392 cars. In short, Tesla is topping the electriccar sales chart n U.S5.Innovative CompanyTesla has been acknowledged as The Most Innovative U.S. Brand in 2017 by BrandZ.

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Term
Spring
Professor
VAIBHAV
Tags
Tesla Motors, Tesla Roadster, Electric car, Tesla Inc

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