Authors
- Hanwen Liang
DOI:
https://doi.org/10.54097/wqsatp27Keywords:
Tesla Business, SWOT Analysis, Innovation and Development, Market and Profit.Abstract
The natural environment is gradually degrading due to the fast expansion of the world's economy and technology, individuals are increasingly promoting environmental conservation and introducing electric automobiles. Tesla is the market leader in the field of electric automobiles. This essay will use the SWOT analysis to assess Tesla's operations, current state, and the hazards and risks that must be considered in the future. The major conclusion is that Tesla's greatest assets are its exceptional design and vehicle engineering. Using a single electric powertrain makes the electric car quicker and more fuel-efficient than a vehicle powered by an internal combustion engine. Tesla's vehicles' long-range and charging flexibility help to minimize consumer worry over range. This is also possible to argue that the image it produces on customers is positive. Innovation capabilities and consumer performance are also Tesla’s strengths. Tesla's weakness is that its debt grows during the fiscal year, which will have a significant influence on following operational finance and even the company's reputation. Investing in or developing electric vehicles that consume less power is an opportunity for Tesla. Furthermore, there is still a significant disparity between other brands and Tesla in the worldwide market. Tesla should take advantage of this gap and accelerate its development efforts. The threat is that when competition heats up, it will almost certainly lead to reduced market pricing, revenue shortages, client loss, and other issues. In this instance, while Tesla has significant benefits, too much rivalry will restrict Tesla's earnings growth to some extent.
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Published
21-03-2024
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