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Present Swot Tesla
Present Swot Tesla
Present Swot Tesla
1. Limited Area Served: Tesla is the most well-known clean energy brand in the world, but
only in terms of fame, not by-products because it only sells in a few regions and is most
frequently used in the American market, that is where it has developed the most. In contrast,
markets in Europe and Asia are still in their early stages.
The second,
2. Battery Shortage: As battery electric vehicles account for the majority of Tesla's business,
there may be a lack of battery supply. Electric car and energy storage system sales are directly
impacted by this.
Next,
3. Premium Products Only: Tesla has created a high-end automobile vehicle brand like Apple
in smartphones, which many people cannot afford. Tesla should introduce reasonably priced
products to attract people over all income levels' attention.
Finally,
4. Succession Strategy: Most people believe Elon Musk is the one man who performs important
work for Tesla. This has to change. Since no one is ever truly stable in the world, Tesla needs to
concentrate on other executives and not just Elon Musk.
Second,
2. Product Defects: Although Tesla is an environmentally friendly electric vehicle, battery
explosions and self-driving mistakes can cause problems for its consumers.
Next,
3. New Entrants: Several firms have entered the industry, and they are acquiring market share
by capturing the market share of the leading firm. This puts Tesla in risk of losing customers to
these new entrants
Moreover,
4. Controversies: Elon Musk's statements and actions, as well as concerns of creative
accounting, violation of worker rights, and unresolved and potentially dangerous technical issues
with their vehicles, have all led to lawsuits and disputes involving Tesla.
The final one,
5. Exchange Rate: The currency rate tends to change, which has an impact on a brand like Tesla
that sells products worldwide, while its suppliers are regional.
This ends our complete SWOT analysis of Tesla.