SWOT Analysis for Tesla Incorporation

SWOT Analysis for Tesla Incorporation
Strengths
Provision of employment opportunities, increased revenues and profits, provision of efficient electric vehicles, creation of investment opportunities like InsureMyTesla and a high level of inventiveness in the company.
Weaknesses
Tesla Inc. has various weaknesses, such as manufacturing complications, insufficient output quantity, battery shortage, and having a sole leader. Another weakness is that Tesla Inc. is unable to meet customer demand which may affect the brand value.
Opportunities
Tesla Inc. has many opportunities in the market. The company can expand their production overseas, create cheaper automobiles, produce various products like developing its batteries, and introduce pick-up trucks.
Threats
Despite Tesla Inc. seeing significant progress in a competitive market, the company faces multiple challenges, such as producing defective goods. Other challenges are consumer adaptation, sustainable long-term trust in the company by its customers, danger risk associated with the use of lithium batteries and competition from other developing automobile companies.
Correlation of Tesla’s Strengths to its Opportunities
One of Tesla’s strengths is creating new employment opportunities for creatives and engineers. Due to its diversity and creative prowess, most youth workforce confirms that the company provides a suitable working environment (Kumari, 2021). One of Tesla’s niches is to expand its reach to previously unavailable markets like the Asia – Pacific region (Kumari, 2021). It has a chance to create even more job opportunities, especially in a continent with deficient opportunities in the sustainable energy and automotive industries. Another strong suit of Tesla Inc. is the progressive increase in its revenue. With the creation of unique vehicles that function under sustainable energy, Tesla has made commendable profits attracting even more investors, which is a positive for the company. An opportunity that can maximize their profits is the introduction of new products. In support of this, Tesla plans to introduce new products like manufacturing its batteries and pick-up trucks (Kumari, 2021). Considering the company's zeal for inventiveness, this will have a positive impact on its profits.
Converting the Company’s Weaknesses to Strengths
Tesla Inc. faces a challenge in its product liability (Kumari, 2021). Some customers air complaints of defective vehicles. A solution the company can implement is incorporating safety in the designing phase and seeking more customer...