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Uncover the competitive landscape in the EV market with a comprehensive SWOT analysis of Tesla, Ford, Nissan, and BMW. Discover key strategies, strengths, weaknesses, opportunities, and threats to enhance market positioning. Gain insights into competing effectively through organizational alignment, market knowledge, and innovation. Stay ahead of the curve with this strategic analysis.
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Competitive Analysis Andy Rogers, Bowie Wynne, Miller Peaden, Richard Kelly
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
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
Tesla SWOT Opportunities -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
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
Ford SWOT Opportunities • Eco-friendly vehicles (Electrics and hybrids) • Increase customer base (India & China) Threats • Competition • Increasing material costs • Regulations
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
Nissan SWOT S- Low cost -Brand loyalty -World presence W-Massive recalls -Low range with Nissan Leaf -Low innovation within pedestrian marketplace
Nissan SWOT O- Autonomous vehicle -Electric 18 wheeler -Larger EV fleet T- Government regulations -Global economy -Competition
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.
BMW SWOT S:Established Brand, Diversity, Quality W:High Prices O:Innovation, Alliances T:New entrants, law & regulations, non-response
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
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