Tesla 12/31/2021 (filed 2/07/2022) Revenue. A SWOT analysis can also be used to examine a technic, a process, or an individual in terms of stated attributes. Best Tesla Competitor Stocks. Tesla is an American Company that was founded by Elon Musk in 2003 but named after Nikola Tesla, a renowned inventor, and scientist. Below are what I consider to be Teslas 5 biggest advantages over the competition. Tesla sell cars directly to the customer without As a pure-EV maker from the onset, Tesla sidesteps the challenges legacy automakers are facing. Tesla is fighting off competition from legacy manufacturers such as Ford, Volkswagen, and General Motors as well as new entrants that include China-based companies including NIO and XPeng. Tesla, Inc. has the strengths to remain successful in the business in the years to come. If you want to invest in EV stocks but think the Tesla share price is over-hyped, then the below list is for you. Tesla SWOT Analysis (2022) 39 203938 2. Should you be buying Tesla stock or one of its competitors? Analysis of the industry is important as businesses do not work in isolation in real life, but are affected by the Future outlook. Tesla Inc. (formerly Tesla Motors, Inc.) maintains its profitability through strategic measures that address the competitive challenges outlined in this Five Forces analysis of the global automotive business. Innovative 3. Tesla customer analysis. When seeking to determine how competitive a company is among others in a certain industry it is vital to the company of which the analysis is being performed upon to understand a Nio. Tesla is also an indirect competitor of Uber and Google. Complete SWOT Analysis of Tesla An American Electric Vehicle & Clean Energy Company. It was developed in 1979 by Micheal E Porter. Michael Porter's five forces are the definitive analysis of identifying the competition. While Tesla got a head start and still leads in terms of its digital and electric innovation, other manufacturers are catching up. Tesla Strengths. Honda motor company is well-known for manufacturing of automobiles, motorcycles, aircraft and power equipment. Competitors: For Tesla Roadster the main competitors are Porsche and Ferrari and once they launch the Model S Sedan, they will have to compete against existing and future players in the field that include major automobile manufacturers such as Audi, BMW, Lexus, Mercedes, Toyota, Ford, Honda etc. January 14, 2022. The competitor analysis template is also available in Table Format. Nio. The annual revenue increased by 15.38% and net income decreased by 163.48%. Tesla leads in motor efficiency, which is important for an EV. Tesla cars are vastly more efficient than, e.g., Porsches new EV. I think Tesla leads in battery tech. They are moving as fast as they can and have very big battery manufacturing capability. The Tesla charging network (superchargers, and destination chargers) is far in the lead. NIO Inc (NYSE: NIO) China-based NIO Inc has generated sufficient attention among investors to be tradeable in ADR form on the New York Stock Exchange. The electric vehicle market is projected to grow 24.3% annually, from $287.4 billion in 2021 to $1.3 trillion in 2028, according to Fortune Business Insights. We advise to exercise Tesla fundamental analysis to see if markets are presently mispricing the firm. This is evident from its production of 1.5 million cars on an annual basis. At the heart of the company is the design and manufacture of high-performance vehicles which are fully electric. Nio Inc (NIO) Ford Motor Co (FORD) Honda Motor Co Ltd (HMC) Lucid Group (LCID) Fisker Inc (FSR) 1. 3. Tesla and Volkswagen have established themselves as unlikely allies in the world of turning vehicles toward electrification. This situation makes Tesla a competitor for the brands and models competing here, looking for the same customers. Gender 2. The AskTraders team have studied the technical and fundamental factors which needs to be incorporated into any Tesla competitors analysis. Competitive Analysis Tesla Inc. Richard Kelly, Andy Rogers, Bowie Wynne, Miller Peaden . While the companys direct distribution is a strength, its lack of financial viability is a weakness. Nio. Tesla PESTEL Analysis. The electric vehicle has become a national and patriotic issue. Due to their global reach and their customer service, General Motors Company is considered as one of the top Tesla competitors. Jae C. Hong/Associated Press. 1) Teslas Battery Supply Chain: Tesla currently produces 4 all Tesla's major competitors are Hyundai Motor America, Kia Motors, Ford Motor Company, General Motors, and Toyota Motor. More on TSLA Margin Comparisons Select the Relationship: Competition Customers Suppliers Auto & Truck Manufacturers Porter's Five Forces of Competitive Position Analysis is a simple framework for assessing a business's competitive strength and position. 2. If YES, here is a detailed Tesla SWOT analysis plus competitors analysis. Income 5. Tesla 2. Competitors analysis: Tesla has two types of competitors Traditional companies looking to expand into electric vehicle market such as Ford and GM New startups that focus more on autonomous driving such as Waymo and Uber. Chinese firms like Nio and XPeng will pose the biggest threat to Tesla, Munro said. Tesla charges a premium price for its products, and so, it enjoys strong profit margins (Team, 2017). Tesla Motors is an American automobile manufacturer specializing in designing, manufacturing and selling electric cars and electric vehicle power train components. This is a good sentence to start talking about Teslas opportunity ahead. Track any or all Competitors of Tesla in GetCompanyInfo. Apr 20th, 2021. However, there is a little threat to Tesla Motors from hybrid and low displacement diesel vehicles as they are the substitute of the Tesla Motors. The main competitors of Tesla include Toyota Motor (TM), General Motors (GM), Ford Motor (F), Ferrari (RACE), Lucid Group (LCID), PACCAR (PCAR), NIO (NIO), Stellantis (STLA), Cummins (CMI), and Rivian Automotive (RIVN). 12). Stylish 5. Tesla is a luxurious car brand that has international fame for its unique features. Traditional car companies have the advantages of having the experience in car manufacturing. Competitors in the industry rival Tesla through the strong brand awareness already created. TOP 6 COMPETITORS OF TESLA Li Auto. Advantages. CEO influence --> forward-looking. Track any or all Competitors of Tesla in GetCompanyInfo. Great acceleration Car Brands 1. Tesla vs Competitors 5 AdvantagesMotors. Its not an eye-catching headline, like cars that drive themselves, but one of the biggest under-the-hood advantages, pun intended, that Tesla has is their motor design.Batteries. The heaviest, most expensive, and probably most important piece of the puzzle is an EVs battery pack.Superchargers. Autonomy. Final thoughts and Tesla Advantage. Well send you a myFT Daily Digest email rounding up the latest Tesla Inc news every morning. Comparison analysis based on SEC data. Tesla SWOT Analysis In A Nutshell. The main Tesla competitors are Ford, GM, NIO, and Honda. The main Teslas competitors in the electric car industry include Nissan, BMW, Audi, Toyota, Ford, Opel, and Chevrolet (Marcovici, 2013). Teslas Internal Resources and Competencies. We have previously written an outright SWOT analysis of Hyundai. 1. Teslas Competitors. It comes with the Mercedes-Benz User Experience (MBUX) Hyperscreen, a 56-inch curved glass screen that stretches across the entire dashboard and supports haptic feedback, biometric authentication, and voice control By Levin. Using those two factors in conjunction can help identify not only which stock to buy, but when. 2.4% market share of new vehicle sales in US. The EQS is the most direct Tesla competitor, a luxury sedan thats similar in design to the Tesla Model S, with an EPA-estimate range of up to 350 miles. The youngest of them was founded well over 70 Tesla Inc. was a Silicon Valley-based American start-up. The competitor analysis template is also available in Table Format. Tesla has several competitors among traditional carmakers, such as Ford and Honda. We will write a custom Report on Tesla Company Analysis specifically for you for only $16.05 $11/page. However, all of them are major companies with significant resource and R&D bases at their disposal, such as Toyota, BMW, Daimler AG, and General Motors (Crunchbase par. This SWOT analysis shows that the company has the strengths required to stay profitable in the long term. The analysis focuses on measuring the companys position based on forces like threat of new entrants, threat of substitutes, bargaining power of buyers, bargaining power of suppliers and competitive rivalry. We were able to break down and interpolate thirty-six available drivers for Tesla Inc, which can be compared to its competition. Even though Tesla is known to the pioneer in the electric car field, As you can see, the Tesla SWOT analysis above examines a company in terms of its strengths, weaknesses, opportunities, and threats. With its headquarters in Seoul, South Korea, Kia Motors is recognized as the top competitor of Tesla. But when it comes to luxury carmaker competitors, Lucid, Audi, Mercedes, BMW, Porsche, and Jaguar are the main competitors. Competitor Analysis: Tesla now has been recognized as a unique company in a general car market. Its the first and only car industry that introduced electric car to the consumer in the very early stage. Tesla CEO Elon Musk has built Tesla into one the most powerful brands in the world. However, as identified in this SWOT analysis, there are various issues that the company must address to maintain its competitiveness and improve its profitability. So when a Shanghai-based automotive startup comes along amid whispers of being Chinas Tesla, you know its worth your attention. 1- Extensive Competition. Marcovici, M. (2013). Tesla motors entered into the world of automobile industry with high-end performance car Tesla Roadster with base price of $109,000. Tesla and China have been big buzzwords for years, associated as they both are with potentially world-changing innovation and growth. Tesla has managed to see success by focusing on high-status and premium electric vehicles (EVs). Demographics 1. Summary. This is not reflected in the price, says Marugg. Teslas competitive advantages for this strategic goal include a superior electric vehicle technology and recharging infrastructure, brand recognition, a first mover market position, and a strong network of strategic partnerships. Tesla, Inc. Industry (SIC) 3711 - Motor Vehicles and Passenger Car Bodies. As large automakers increase their focus on electric vehicles (EVs), competition in this space, considered to be Tesla Motors home ground, is 301 certified writers online. Even though Tesla enjoys over 60% of the electric car market, this will change soon as many brands have entered this segment. SWOT Analysis Of Tesla. The threat of new entrants is HIGH, as the barrier of entry is LOW. Company: TESLA, Inc. Subsidiary: SolarCity, Maxwell Technologies, Tesla Grohmann Automation Extensive Competition. Thus, the competition is a moderate to strong force in the industry analysis. The competitor analysis of Tesla is also performed in this report and the major strategies adopted by Tesla to effectively compete in the market are also identified in this strategic analysis report. ), and a robotaxis going forward. SWOT Analysis of Tesla Inc. Recommendations. Tesla Inc. (ticker: TSLA) is the clear EV market leader, but it has been operating mostly free of competition. References Mangram, M. (2013). Moreover, this paper analyzes Tesla's market competition strategy from the perspectives of price war, economies of scale, predatory pricing, and preventing other brands from entering, in order to provide certain guidance for Tesla's competition in the Chinese market. Latest report. These companies are all part of the "auto/tires/trucks" sector. Safe 6. This circumstance opens the door for lower-cost vehicle competitors. Receive free Tesla Inc updates. Headquartered in Palo Alto, California, it was founded in 2003 by a group of Silicon Valley entrepreneurs led by Elon Musk (of PayPal and SpaceX fame). 319 Views. The sales growth was above Tesla Inc 's competitors average revenue growth of 12.47 %, recorded in the same quarter. Customer experience: The overall riding experience that Tesla offers is vastly different and a lot superior to the rival cars. Long-range 7. So when a Shanghai-based automotive startup comes along amid whispers of being Chinas Tesla, you know its worth your attention. Tesla delivered 180,570 electric vehicles in the fourth quarter of 2020, and produced 179,757 vehicles. According to an estimate, Tesla Motors has sold roundabout 88400, 90650, and 139300 vehicles in the 1st, 2nd, and 3rd quarter of 2020. PESTEL encompasses the most relevant factors that affect a business. Car ownership Survey Introduction Attributes 1. The analysis concluded that Tesla has a host of competitive advantages, including a gigafactorie, Full Self-Driving with vision solely (no lidar, radar, etc. The analysis focuses on measuring the companys position based on forces like threat of new entrants, threat of substitutes, bargaining power of buyers, bargaining power of suppliers and competitive rivalry. Education 4. Weaknesses in the SWOT analysis of Tesla Motors. It includes the Political, Economic, Social, Technological, Ecological, and Legal factors. Higher growth rate --> bigger pie --> bigger share. The companys positive outlook remains inviting despite the threats 2020: Tesla became the most valuable automotive company in the world by surpassing its competitors. Since entry is difficult, there are relatively few competitors to Tesla Motors in the market. Age 3. Teslas Competitors. Pixabay. Headquartered in Palo Alto, California, it was founded in 2003 by a group of Silicon Valley entrepreneurs led by Elon Musk (of PayPal and SpaceX fame). The aim of the survey is to understand Teslas positioning in the electric and non-electric vehicle market. Here we do an in-depth analysis of Top competitors of Tesla. Unaffordable 2. The advantages of differentiation include buyer loyalty, premium prices, and the creation of barriers to entry. Take a look at 5 of Tesla's top competitors along with a stock analysis and a dive into investing in automakers. Complete SWOT Analysis of Tesla An American Electric Vehicle & Clean Energy Company. Uber Tesla has managed to see success by focusing on high-status and premium electric vehicles (EVs). Porter Five Forces Analysis for Tesla Motors. 3. They matured the brand name in the US market with the pure electric performance car, later they moved on lower segment cars Model S at a base price of $57,400 and Model 3 at base price of $35,000. The company has around 13 manufacturing units and is the second-largest manufacturer of automobiles. Stock Analysis of Tesla starts with a competitive advantage that meets the opportunity. VRIO, SWOT, business canvas U.S. auto buyers indicated an extraordinary 2.5 problems per Tesla vehicle in Power's initial quality survey. Tesla is treated like a tech company, but it is mainly an automotive company and it has some fierce competition. $53,823 million (ranked #6 out of 103 companies in the industry) Customer centric 4. Posted on September 5, 2020. Porters Five Forces Analysis of Tesla covers the companys competitive landscape as well as the factors affecting its sector. Tesla, Inc. is a successful automotive and energy solutions company better known for its innovation and product development. TESLA: PORTERS FIVE FORCES INDUSTRY AND COMPETITION ANALYSIS #1 THREAT OF NEW ENTRANTS. SWOT Analysis of Tesla discusses the companys strengths, weaknesses, figuring out how the company is planning to expand its businesses, growth strategies which we call opportunities and threats.As one of the largest Poor liquidity: In comparison to competitors like Ford which has USD 20 billion, General Motors with USD 25billion or Fiat Chrysler Automobiles USD 40 billion which are cash rich from years and years of operations. This has helped the company achieve a major advantage, which seems impossible for Tesla competitors to match in the near term. Tesla TSLA currently has a very clear technological lead over its competitors. The 2nd in the list of Top competitors of Tesla is Nio. Tesla = premium. Xpeng Motors is another automaker based in China hoping to serve as a competitor to Tesla. This is also a strategic tool that is used to analyse the competitive environment of the industry in which Tesla Motors operates in. The Globalization of Tesla Motors: A Strategic Marketing Plan Analysis. Besides this, the internal analysis of Tesla is also performed in this report through the use of various internal analytical tools i.e. 199.4 crores USD. Rivalry can increase average profitability of an industry if each competitor serves different customer segments. TESLA TOP COMPETITORS OR ALTERNATIVESElon R MuskCo-Founder & CEOJim FarleyPresident & CEOMary T. BarraChairman & CEOWon Hee LeePresident & CEORoland BuschPresident & CEOMore items Tesla Competitive Analysis The better you understand Tesla competitors, the better chance you have of utilizing it as a position in your portfolios. Teslas competitors are electric vehicle (EV) start-ups, fossil fuel-powered vehicles, and traditional auto companies switching to electric cars. Tesla customer analysis. Learn More. This creates prestige for those who purchase a Tesla. A SWOT analysis Tesla on the Russian cars market 10. This time we are back with another article on the SWOT analysis of Tesla. Tesla Inc. was a Silicon Valley-based American start-up. Below are what I consider to be Teslas 5 biggest advantages over the competition. It has cornered the market with no competition, giving it an instant competitive edge. The innovative approach has enabled Tesla to be more competitive than its peers. Tesla has managed to see success by focusing on premium electric vehicles (EVs). Tesla and China have been big buzzwords for years, associated as they both are with potentially world-changing innovation and growth. The current report includes the competitor analysis and costs analysis of the new product based on estimations of various cost factors. Even with the increased competition, analysts believe Tesla will maintain its lead for the foreseeable future. Tesla must improve its multinational presence. This time we are back with another article on the SWOT analysis of Tesla. Tesla Motors is a leading auto manufacturing company that designs, develops, and distributes electric vehicles across the U.S. Tesla is a pioneer in developing electric cars, solar panels, sustainable batteries & more environmental friendly products. Another helpful tool in finding the case solutions is of Porter's Five Forces analysis. Read Later Share. Competition is a future threat. Due to this factor, Tesla cars have achieved much higher popularity than the other EV models. 3) Honda Motors Also regarded as a top competitor for Tesla, Honda motor company is headquartered in Japan. SWOT Analysis. 18.6% annual growth rate. 1. Nevertheless, it is still facing the problem called competition. Tesla Motors is an American automobile manufacturer specializing in designing, manufacturing and selling electric cars and electric vehicle power train components. We have previously written an outright SWOT analysis of Hyundai. Due to the frequently intelligent moves, Nio is becoming the highest-selling company annually. One teardown in 2020 estimated it to be six years ahead of Toyota and VW. Who Are Teslas Biggest Competitors?Tesla Sold Close to 500,000 Automobiles Last Year. Tesla sold 499,500 vehicles in 2020 and close to 185,000 vehicles in the first quarter of 2021. Rise in Competition. Any high-growth industry attracts multiple players and the EV sector is expectedly heating up. EV Stocks You Need to Watch Out For. The Final Takeaway. Even though the company has performed very well if you keep in mind the lockdown and shutdown of businesses. Journal of Strategic Marketing, 4 (10), 289-312. In other words, this technique allows you to confirm available indicators of Tesla Inc as well as the relationship between them. Company Name.