The SWOT analysis of Tesla Inc. and its strengths, weaknesses, opportunities, and threats. Learn about the innovation, brand image, supply chain limitations, market presence, and more.
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Running head: MARKETING – SWOT ANALYSIS OF TESLA INC. MARKETING – SWOT ANALYSIS OF TESLA INC. Name of the Student Name of the University Author Note
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1MARKETING – SWOT ANALYSIS OF TESLA INC. The SWOT analysis of a company refers to the analysis of the strengths, weaknesses, opportunities and the threats that are faced by the organization that has been functioning within a given industry (Rothaermel, 2015). The following paper attempts a SWOT analysis of the company in discussion, Tesla Inc. Thestrengthsof Tesla Inc. refer majorly to the high rates of the innovation that is practiced within the given company. The company is known to have launched the first sports car in the world that runs specifically on electricity (Grant, 2016). The brand image of the company is known to have been extremely strong along with the strong control on the processes involved in the production of the vehicles. Theweaknessesof Tesla Inc. lie in the limitations that are faced by the company in the matters of the supply chain, the market presence of the company (Kancherla & Daim, 2018). The company also faces weaknesses due to the high prices of the products that are marketed by the concerned company. Theopportunitiesthat might be helpful for Tesla Inc. refers to the expansion of the internationalsupplychainandthesalesofthecompany(Grant,2016).Thebusiness diversification of the company is another area of opportunity for Tesla Inc. Thethreatsthat are faced by Tesla Inc. refers to the aggressive nature of the competition within the international market, the fluctuating prices of the materials as well as the regulations of the dealerships that affect the selling prices of the company (Moritz et al., 2015). Thus, from the above discussion it might be stated that Tesla should focus on the areas of the weaknesses and the threats that are faced by Tesla Inc.
2MARKETING – SWOT ANALYSIS OF TESLA INC. References Grant, R. M. (2016).Contemporary strategy analysis: Text and cases edition. John Wiley & Sons. Kancherla, Y. D., & Daim, T. U. (2018). Technology Roadmap: A Roadmap for Tesla. InInfrastructure and Technology Management(pp. 347-366). Springer, Cham. Moritz, M., Redlich, T., Krenz, P., Buxbaum-Conradi, S., & Wulfsberg, J. P. (2015, August). Tesla Motors, Inc.-Pioneer towards a new strategic approach in the automobile industry along the open source movement. InManagement of Engineering and Technology (PICMET), 2015 Portland International Conference on(pp. 85-92). IEEE. Rothaermel, F. T. (2015).Strategic management. McGraw-Hill Education.