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Economic Forces - Coggle Diagram
Economic Forces
Political Stability:
The USA politic is favourable to Tesla motors development
Acceptance of the Product:
The easy use of the electrical motors helps in the acceptance of the Tesla motors.
Macro Economic development:
Good and well-structured economic in US allows the Tesla motors to boom
Automobile Business Development
National Employment Opportunities
Recession Factor:
Due to economic instability in the country, it affect the production and demand rate.
Lower purchasing power:
Pressure for the cars due to low values from customers.
Decline in profit:
With the inflation there was lower demand for Tesla cars due to inflation.
Expanding Free Trade Agreement:
Tesla motors strike a deal to build factory in China.
Increase in Product Acceptance:
Through the buildup for customers demand the Tesla motors was accepted by Customers.
Brand Awareness:
Tesla builds customer loyalty through the innovation in brands.
Increase in Partnership:
Tesla motors partner with Toyota to build more electric cars.
Expansion Globally:
The increase in need for green economy makes the Tesla motors expand all over the world.
Strong Diplomatic Relations Between China and USA
Establishment of Factories in China
Other Market Development:
The G 7 countries pave way for the open market for Tesla motors.
Absorption of other Technological Companies:
Some technological companies merged with Tesla motors and this creates opportunities for innovation.
Government Incentive
for Electrical Automobile Company
Financial Support
: Investment into the Tesla motor accelerate the business growth
Open Opportunity For More Market in USA
Tax Support Payment:
The US government makes it easier for Tesla motors to pay tax.
Tax Evasion:
The Company negates the payment of tax creating law suit on them.
Law Suit:
The federal law files a suite on Tesla motors.
Low Patronage Due to the Law Suit
Settlement of Law Suit
Federal Legislature
Expansion of production
Employment Creation:
With the expansion of Tesla in different states in US, more jobs were created.
Tesla Motors