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TESLA PESTLE ANALYSIS - Coggle Diagram
TESLA PESTLE ANALYSIS
POLITICAL
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The cars require lithium batteries, these are manily produced in China, due to the political unrest with India and China, gaining batteries may be difficult and costly
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The U.S. Government’s interest and initiatives toward environmental stability, allowed Tesla Motors to receive federally backed grants, loans, and tax breaks to help finance heavy investments into research and development, as well as production.
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ECONOMIC
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The auto industry is struggling with total shareholder return and return on capital. It will be difficult to earn returns on the capital vested into research and development.
The sale of electric automobiles has proven to be a boost for the global economy. Rise in sales in electric automobiles
SOCIAL
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The environment-friendly attitude of people and renewable energy resources popularity; both work in favor of Tesla.
Tesla is expanding its market to women and less affluent who are just as concerned with driving an environmentally friendly vehicle.
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