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Andy Rogers, Bowie Wynne, Miller Peaden, Richard Kelly
Competitive Analysis Andy Rogers, Bowie Wynne, Miller Peaden, Richard Kelly
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Tesla Key aspects in competing
-Align organizational goals with the vision of the company -Put in place management personnel that understand how to align the companies goals with the vision and mission -Know your competitors as well or even better than you know yourself -Stay Current
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Tesla SWOT Strengths -Current leader in EV Market (Positioning)
-Tesla models that appeal to a wide consumer base -Direct consumer selling Weaknesses-Pricing issues (specifically Model 3) -Manufacturing capabilities (Production Quotas that produce positive profit margins) -High costs associated with production
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Tesla SWOT Opportunities Threats
-Market appeal to younger generation of consumers -Fluctuation of Stock price (Investment opportunities) -”Software-as-service” -Gigafactory Threats -Large variety of competitors, both in EV market and current Gas market -Funding of future projects -The threat of continuously Innovating
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Ford SWOT Strengths Branding “Ford tough” Adaptability R&D
Diverse products (trucks, cars, SUVs, vans) Weaknesses Recalls Poor reputation (compared to Japanese/European) Rely heavy on US markets
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Ford SWOT Opportunities Eco-friendly vehicles (Electrics and hybrids)
Increase customer base (India & China) Threats Competition Increasing material costs Regulations
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Ford vs Tesla S: Ford is older, more money, and more diverse within the industry. Tesla is the EV leader, diverse (batteries, solar storage, and panels) W: Ford has struggled with EVs, notorious for recalls Tesla has limited market presence, and high prices O: Ford can expand into EVs and Tesla can continue to innovate, and business expansion T: Both companies face high levels of competition, and changing material costs
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Nissan SWOT S- Low cost -Brand loyalty -World presence
W-Massive recalls -Low range with Nissan Leaf -Low innovation within pedestrian marketplace
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Nissan SWOT O- Autonomous vehicle -Electric 18 wheeler
-Larger EV fleet T- Government regulations -Global economy -Competition
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Nissan vs Tesla S-Nissan- low cost
Tesla- Industry leader in the EV market W-Nissan- Has one Electric Vehicle on the market(Nissan Leaf) Tesla-false promises on delivery O-Nissan-Major growth outside of the US market place. Tesla-Become the primary producer of EV batteries. T-Both Nissan and Tesla have common threats of regulations, and the global economy.
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BMW SWOT S: Established Brand, Diversity, Quality W: High Prices
O: Innovation, Alliances T:New entrants, law & regulations, non-response
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BMW vs Tesla S: BMW has established resources & high capital. Tesla is leader in EV and technology W: Both have high costs and prices. BMW has recalls. Tesla has production issues. O: BMW can reduce costs and innovate. Tesla software, gigafactory expansion. T:Both have threat of new entrants/ substitutes. BMW with innovation and pricing. Tesla with funding
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Recommendations for Tesla
Tesla must continue to innovate new products to stay relevant Lower production costs to lower product prices Increase range on vehicles Continue global expansion Solar energy
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Questions?
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