SWOT Analysis – TESLA

Strengths 

  • A change in the way people drive with new technologies
  • It has put long-range electric automobiles in the market of luxury
  • Unique position in auto market

Weaknesses

  • Due to investments in development and research for the transformation technology in its cars, It has wasted too much money.
  • High debt load

Opportunities 

  • Model 3, the newest model of Tesla, is at the same range of price range with lower-end Mercedes-Benz.
  • Model 3 is still available on market
  • Model 3 is one of the safest cars on the road
  • Cost reducing attempts

Threats

  • Competition with cheaper electric cars; Nissan Leaf and Chevy Bolt
  • Competition with cheaper luxury cars; Audi, BMW, and Daimler
  • Tesla may not be able to fund its production ramp in the coming months

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