Tesla SWOT Analysis, Competitors & USP
SWOT analysis of Tesla analyses the brand by its strengths, weaknesses, opportunities & threats. In Tesla SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.
SWOT Analysis is a proven management framework which enables a brand like Tesla to benchmark its business & performance as compared to the competitors. Tesla is one of the leading brands in the automobiles sector.
The table below lists the Tesla SWOT (Strengths, Weaknesses, Opportunities, Threats), top Tesla competitors and includes its target market, segmentation, positioning & Unique Selling Proposition (USP).
| Tesla Brand Analysis | |
|---|---|
| Parent Company |
Tesla Inc |
| Category |
Electric Vehicles |
| Sector | |
| Tagline/ Slogan |
Burn rubber not gasoline |
| USP |
Ability to build fully electrically powered vehicles in house |
| Tesla STP | |
| Segment |
People looking for electric premium sports/luxury cars |
| Target Group |
Rich and Affluent who are willing to spend more compared to other vehicles |
| Positioning |
Pure electric drive but still sporty & luxurious |
| SWOT Analysis of Tesla | |
| Tesla Strengths |
Below are the Strengths in the SWOT Analysis of Tesla: 1. Tesla is one of the world's leading automobile and sustainable energy brands in the world 2. Tesla is a pioneer in developing electric cars, solar panels, sustainable batteries & more environmental friendly products 3. The company has more than 70,000 people working in its workforce 4. Annually, Tesla produces more than 1 million electric cars 5. The brand has its stores & direct presence in more than 30 countries 6. Several acquisitions of technology companies have made the brand stronger 7. Tesla has also invested in cryptocurrency with a view of allowing financial transactions through them 8. The company allows its competitors to use its technology so as to contribute in an environmental friendly world 9. Billions of dollars have also been invested by Tesla in making driverless or self-driving cars |
| Tesla Weaknesses |
Here are the weaknesses in the Tesla SWOT Analysis: 1. The company has a tough competition as compared to cheaper cars running on petrol & diesel 2. Legal issues in the past have often affected the brand image of the company |
| Tesla Opportunities |
Following are the Opportunities in Tesla SWOT Analysis: 1. The growing support by governments across the globe for environmentally friendly vehicles in form of exemptions from duties & other support 2. Further improvements in the quality control processes can reduce these costs drastically 3. Launching Tesla cars in newer markets which are still adopting to electric cars |
| Tesla Threats |
The threats in the SWOT Analysis of Tesla are as mentioned: 1. Tesla wants to be able to produce, distribute & sell its cars to average which seems difficult to achieve due to their current business model 2. Changing government policies, economic recessions etc. can affect the business of the company 3. They are currently competing against a technology which has been in use for over hundred years i.e. the combustion engines & also their technology may take time for being optimal for use of masses |
| Tesla Competition | |
| Tesla Competitors |
Below are the top 6 competitors of Tesla: 1. Toyota 2. Honda Motors 3. Volkswagen 5. BMW 6. Audi |
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
Similar analysis has also been done for the competitors of the company belonging to the same category, sector or industry. Browse marketing analysis of more brands and companies similar to Tesla. This section covers SWOT Analysis, Competitors, Segmentation, Target Market, Positioning & USP of more than 2500 brands from over 20 industry sectors.
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