Swot Analysis Of Tesla

1591 Words7 Pages
Tesla, Inc. Address: 3500 Deer Creek Road, Palo Alto, CA 94304 Website: https://www.tesla.com/ Sector: Consumer Goods Industry: Auto Manufacturers Stock: TSLA (NASDAQ) Employees: 17,782 Age: 14 years Mission: Tesla’s mission is to accelerate the world’s transition to sustainable energy. Vision: Tesla was founded to prove that people didn’t need to compromise to drive electric – that electric vehicles can be better, quicker and more fun to drive than gasoline cars. Values: Tesla believes the faster the world stops relying on fossil fuels and moves towards a zero-emission future, the better. Key Executives Elon Musk (CEO, Product Architect, Chairman, and Co-Founder): Elon Musk is a South African born Canadian American business magnate,…show more content…
This has forced Tesla to raise more debt and sell more shares. Tesla has a high debt load with 2.5 billion long term debts as of March 31, 2016 compared to 1.4 billion available cash. Future growth may be reduced or delayed due to insufficient cash flows. Opportunities Model 3: Tesla recently introduced the Model 3. The Model 3 is priced at an affordable $35,000 and has received much public excitement and received rave reviews. This vehicle has the possibility of jumping Tesla from a vehicle that produces 70,000 to 80,000 cars to ten times that in a few years. Cost-Reduction Initiatives: Tesla is currently in the process of building a Gigafactory to reduce costs. It’s possible this factory will allow for up to 30% lower costs for batteries. The Gigafactory will lower costs and increase outputs resulting in improving the bottom line. Threats Funding Production Ramp: Tesla announced it hopes to manufacture 500,000 in 2018 far ahead of schedule. There are concerns Tesla may not be able to fund this promised production ramp up. The company will need to raise significant amounts of capital to fund this ambitious ramp…show more content…
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