Manufacturing process is highly innovated and automated, with multi-function robots those can produce up to 83 vehicles per day and easily reprogrammed to produce different car models Hill, et al, We will address these issues by performing an easy-to-follow SWOT analysis of the company, evaluating its Strengths, Weaknesses, Opportunities, and Threats.
Many times, smaller and growing companies elect to implement focus strategies due to capital restraints or niche product offerings. This external strategic factor threatens Tesla, considering current efforts of other firms in producing electric vehicles. Lean management system in which all employers work together in relatively small and cheaply decorated offices Welch, The company was founded in and had its IPO on June 29, Advertising is very important for the company, because they relatively new brand, and through media applications, Tesla can build brand identity and become well known all over the world.
One of the major political factors affecting the industry is environmental protection laws to 3 induce production of more environmental cars to meet strict emission levels Environmental- protection. However, the automotive market is very competitive and attractive for big players.
Sometimes compared to Steve Jobs for his command of entrepreneurial spirit and innovation, Elon Musk has been integral to the development and success of PayPal and SpaceX Currie, Continue or increase investments for product innovation.
Pearson PLC, 11 Aug. They have developed good relationship with strategic suppliers, such as partnership with Panasonic, allowing to gain significant benefits for each party and sharing of information Ellram and Krausecited in Waters, and short-term agreements with other suppliers, to replace them with alternative sources in the case of their failure to provide necessary components Tesla Motors, For example, the company has opportunities to promote its electric vehicles based on concerns on climate change, expanding environmental programs, and rising standards on waste disposal.
For example, the company generates most of its revenues in the United States and has a small presence in China and the developing world. To date, an industry standard design for EV charging stations is not in place.
Pearson PLC, 18 July With the sustained and increasing energy and gas costs, as well as the increased availability and reduced cost of solar technology, the EV market has great growth potential that is only likely to continue to increase.
Tesla is a continuation of this innovative spirit and shares many of the same strengths and attributes that its founder instilled in his other companies. Thus, this is a very suitable position for Tesla in current environment that gives core competitive advantage.
According to Harvard Professor, Michael E. Tesla cannot adopt the low cost or hybrid strategies, because it does not have the scale, capital and production capacity to compete on a cost basis, and actually, it is surviving on only due its product uniqueness design and leading-edge technologies, which allows attracting people to buy their cars.
Buyers are losing faith in gasoline fuel and associated cost in production, trying to help the environment.
Founded in Tesla Motors specializes in high-end electric vehicles. Tesla is a successful start-up that has become the leading edge company due its innovation ideas and good leadership management in car-manufacturing industry.Tesla, Inc.
must implement reforms that include the internal strategic factors (strengths and weaknesses) and external strategic factors (opportunities and threats) enumerated in this SWOT analysis. These factors define the environment in which the business operates and develops. A Tesla Model S at the Osaka Motor Show.
A PESTEL/PESTLE analysis of Tesla Inc. (formerly Tesla Motors, Inc.) shows that the external factors in the company’s remote or macro-environment present opportunities for global expansion. tesla motor's startegic analysis. Uploaded by. Porter‘s Value Chain of Tesla Motors SWOT Analysis SWOT highlights the main issues from the external environment and the strategic capabilities of a firm that have an impact on strategy development (Johnson, et al, ).
The macro-environmental factors with company internal processes. External analysis of Tesla, Inc. Company Name Institution Date External analysis of Tesla, Inc. Company Introduction The company designs develop, manufactures and sells electric vehicles and energy storage products in the United States and other international markets.
Tesla Motors: External Analysis Essay. A+. Pages:8 Words This is just a sample.
To get a unique essay. The following is an external analysis of Tesla Motors. STRENGTHS. Internal and External Analysis of Tesla ; Tesla Motors SWOT Analysis ; Tesla Motors External Analyis.
SWOT ANALYSIS OF TESLA MOTORS SWOT analysis is an integral tool which helps management to identify the internal strength and weakness of an organization and make strategies accordingly to grab external future opportunities and fight against external threats (Kerin,Hartley and Rudelius,).Download