A Critical Analysis of Teslas Business and Financial Performance With Ford Motors 2019 to 2021
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Added on  2023/06/14
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This report provides a comparative analysis of the business and financial performance of Tesla and Ford Motors from 2019 to 2021. It includes a PESTLE analysis, SWOT analysis, Ansoff Matrix analysis, and evaluation of financial ratios. The report aims to identify gaps and provide recommendations for improving Tesla's performance.
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A Critical Analysis
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Contents INTRODUCTION...........................................................................................................................3 Research Objectives.........................................................................................................................4 Current Strategies Followed by the Organisation............................................................................4 REFERENCES................................................................................................................................6
INTRODUCTION The business and the monetary performance of any organisation can be determined by the help of the financial statement that are prepared by every listed and non – listed company. It helps in measuring the quantifiable information and the standing of the firm in the industry. Tesla is an American multinational company with headquarters in Austin Texas. It is an electric vehicle and clean energy organisation. The company mainly creates and produces electric cars, solar panels, battery energy storage from home to grid-scale, solar roof tiles and many other products related to it. The company regards as the most valuable company throughout the world and remains the most valuable automaker in the entire world. The company founded in July, 2003 as Tesla Motors(About Tesla, 2022). Ford Motor Company is commonly names as Ford. It is also an American brand in car manufacturing industry. It has its headquarter in Dearborn, Michigan, United States. The founder Henry Ford announced the company in the year 1903. This automobile company specialises in selling automobile and commercial goods under the name of Ford. The company owns several other brands such as Brazilian SUV and Jiangling Motors. It has created joint ventures in various countries such as Chine, Turkey, Thailand and Russia. Ford is known as the second-largest US based automobile company and fifth in the entire world, behind Volkswagen, Toyota, Hyundai and more (Ford History, 2020). The comparative analysis of the two companies is done to identify the monetary performance and the operating results of in the financial year. It can be judged by evaluating the annual report and the data information of the company which is utilised for making the significant differences. The several choices are to be made by the company to ensure that the decision making process in effectively completed. The report prepared from collected information gives an idea about the research objectives and questions which are useful for company’s long life cycle. It helps to have an explanatory research and design which would be helpful to understand working of company with a better view. It also serves as a guide to understand analysis and describe the reason behind events taking place in carrying out operations related to company. It gives a better understanding to people who are connected with company both internal as well as external users which contribute to growth and expansion of business. It helps to evaluate that the data provided by the company is accurate, reliable, reasonable or not. The report is helpful for choosing from best alternatives
available in case of methods applicable I.e. which must be helpful and will serve best results. It helps to evaluate best hypothesis which would be helpful for the company to be applied. These are of two types Null and alternate which helps to choose which would be more effective and efficient policy which can be implemented. This reports helps to build a competitive advantage in marketagainst other companies as well. It helps to find out what could be done, when could be done and which would be the best path for reaching goals and fulfilling aims wished for. This report gives an idea where the company is lacking and where it lagging behind which would not only increase its speed towards success but help to utilise its resources in other areas which would result more beneficial. It can also be considered as a guide providing solutions for unnecessary issues and problems which can be easily dealt with in no time. Research Objectives The main of the research is to gives the summative information and the gap which can be addressed for fulfilling the performance of Tesla. It will involve the strategic analysis and evaluation that will involve the skills that need to be displayed by the relevant models and theory’s in the paper. For this the comparative analysis of the performance of the firm is done. The objectives of the paper are: 1.Toassessthe macro environment by undertaking a Pestle analysis. 2.Toassessthe current position of Tesla in the market by undertaking the SWOT. 3.Toanalysethe strategy and the models of marketing that are used by Tesla in the comparison of Ford Motors 4.Toanalysethe strategic options followed by Tesla by undertaking a Ansoff Matrix analysis of Tesla. 5.Theevaluatethe monetary performance of the Tesla against Ford Motors from the 2 years from 2019 to 2021 analysis on the basis of the fiscal ratios. Current Strategies Followed by the Organisation The research about the company suggests that the large emphasis of the organisation is on the market penetration strategy by developing the aim of gaining sustainability in the market for increasing the customer satisfaction. Its main aim is to apply the strategy of intensive growth
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which can enable the firm to elevate the revenue in the current market of the company. The Tesla owns the market share of around 18 % in the industry which signifies in leadership position in the market. It gives a brief understanding about the consumers’ needs and encourages the executive of the organisation to create some innovation in its products and also aims at increasing the supply distribution channel. The company Ford Motors Uses the generic strategy its in marketing models which emphasises ion the competitive advantage of the firm. It helps the company to maintain the costs leadership in the market which attracts more customers. It enables the company to enforce the international growth of the company and helps in gaining the distinctive competencies in the market.
REFERENCES Books and Journals About Tesla, 2022. [Online]Available through<https://www.tesla.com/about> Ford History, 2020[Online]Available through<https://corporate.ford.com/about/history.html>