PEST Analysis – Tesla

Political 

• Expanding free trade agreements
• Political stability in the majority of major markets
• Governmental incentives for electric automobiles

Economics

• Decreasing battery costs; affordable electronic automobile products.
• Decreasing renewable energy costs; Attractive Tesla products, cars.
• Economic stability issues threats Tesla especially in Asia and Europe.

Social 

•  Increasing preference for renewable energy
• The rising popularity of low-carbon lifestyle
• Boost in financial performance based on the increasing wealth distribution in developing markets.

Technology 

• High rate of technology change
• Increasing popularity of online mobile systems
• Increasing automation in business