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Tesla Inc.  (TSLA)
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Tesla Inc's

Competitiveness


 

TSLA Sales vs. its Competitors Q2 2022



Comparing the results to its competitors, Tesla Inc reported Total Revenue increase in the 2 quarter 2022 by 41.61 % year on year.
The sales growth was above Tesla Inc's competitors average revenue growth of 26.13 %, recorded in the same quarter.

List of TSLA Competitors

With net margin of 13.4 % company achieved higher profitability than its competitors.

More on TSLA Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Tesla Inc. Net Income in the 2 quarter 2022 grew year on year by 92.61 %, while most of its competitors have experienced contraction in net income by -1.08 %.

<<  More on TSLA Income Comparisons


Tesla Inc's Comment on Competitors and Industry Peers


Competition in the automotive industry is intense and evolving. We believe the impact of new regulatory requirements for occupant safety and vehicle emissions, technological advances in powertrain and consumer electronics components, and shifting customer needs and expectations are causing the industry to evolve in the direction of electric-based vehicles. We believe the primary competitive factors in our markets include but are not limited to:


technological innovation;

product quality and safety;

service options;

product performance;

design and styling;

brand perception;

product price; and

manufacturing efficiency.

We believe that our vehicles compete in the market both based on their traditional segment classification as well as based on their propulsion technology. Within the electric-based vehicle segment, there are three primary means of powertrain electrification which will differentiate various competitors in this market:


Electric Vehicles are vehicles powered completely by a single on-board energy storage system (battery pack or fuel cell) which is refueled directly from an electricity source. Both the Tesla Roadster and Model S are examples of electric vehicles.

Plug-in Hybrid Vehicles are vehicles powered by both a battery pack with an electric motor and an internal combustion engine which can be refueled both with traditional petroleum fuels for the engine and electricity for the battery pack. The internal combustion engine can either work in parallel with the electric motor to power the wheels, such as in a parallel plug-in hybrid vehicle, or be used only to recharge the battery, such as in a series plug-in hybrid vehicle like the Chevrolet Volt.

Hybrid Electric Vehicles are vehicles powered by both a battery pack with an electric motor and an internal combustion engine but which can only be refueled with traditional petroleum fuels as the battery pack is charged via regenerative braking, such as used in a hybrid electric vehicle like the Toyota Prius.

The worldwide automotive market, particularly for alternative fuel vehicles, is highly competitive today and we expect it will become even more so in the future. Prior to the introduction of the Nissan Leaf in December 2010, no mass produced performance highway-capable electric vehicles were being sold in the United States. In Japan, Mitsubishi has been selling its electric iMiEV since April 2010. We expect additional competitors to enter the alternate fuel vehicle market within the next several years, and as they do so, we expect that we will experience significant competition. In addition, we currently face strong competition from existing automobile manufacturers in the extremely competitive premium sedan market, including Audi, BMW, Lexus and Mercedes.

Many established and new automobile manufacturers have entered or have announced plans to enter the alternative fuel vehicle market. In addition to the Nissan Leaf, Ford has introduced the fully electric Ford Focus, Renault has introduced the fully electric Renault Fluence, and Fiat has introduced the Fiat 500e, among others. Moreover BMW, Daimler, Lexus, Audi, Fiat, Renault, Volkswagen and Volvo are also developing electric vehicles. For example, BMW plans to introduce its i3 city car and i8 sports car and Volkswagen plans to introduce its fully electric e-Golf. Several new start-ups have also announced plans to enter the market for performance electric vehicles, although none of these have yet come to market. Finally, electric vehicles have already been brought to market in China and other foreign countries and we expect a number of those manufacturers to enter the United States market as well.

In addition, several manufacturers, including General Motors, Toyota, Ford, and Honda, are each selling hybrid vehicles, and certain of these manufacturers have announced plug-in versions of their hybrid vehicles. For example, in December 2010, General Motors introduced the Chevrolet Volt, which is a plug-in hybrid vehicle that operates purely on electric power for a limited number of miles, at which time an internal combustion engine engages to recharge the battery.

Most of our current and potential competitors have significantly greater financial, technical, manufacturing, marketing and other resources than we do and may be able to devote greater resources to the design, development, manufacturing, distribution, promotion, sale and support of their products. Virtually all of our competitors have more extensive customer bases and broader customer and industry relationships than we do. In addition, almost all of these companies have longer operating histories and greater name recognition than we do. Our competitors may be in a stronger position to respond quickly to new technologies and may be able to design, develop, market and sell their products more effectively. We believe our exclusive focus on electric vehicles and electric vehicle components, as well as our history of vehicle development and production, are the basis on which we can compete in the global automotive market in spite of the challenges posed by our competition; however, we have a limited history of operations.





  

Overall company Market Share Q2 2022

Strong sales growth of 41.61 % in Overall company contributed to Tesla Inc. increase in total revenue by 41.61 %

Tesla Inc. improved its market share in this segment, to approximate 16.46 %.


<<  More on TSLA Market Share.
 
*Market share is calculated based on total revenue.


TSLA's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Tesla Inc. TSLA 256,849.82 67,166.00 9,551.00 70,757
Cleartronic Inc CLRI 16 1.84 0.42 8
Ford Motor Co F 49,017 137,101.00 -106.00 186,000
Federal Signal Corporation FSS 2,429 1,296.60 102.70 2,200
General Motors Company GM 49,202 132,101.00 8,601.00 155,000
Honda Motor Co. Ltd. HMC 0 108,264.49 5,659.22 0
Oshkosh Corporation OSK 5,011 8,283.50 328.40 13,300
Paccar Inc PCAR 30,764 26,372.10 2,317.40 27,000
Saleen Automotive Inc SLNN 0 38.19 6.32 22
Toyota Motor Corp TM 1,884,454 232,273.90 21,278.15 348,877
Newhydrogen Inc. BSRC 25 0.00 10.19 1
Fomo Corp. FOMC 5 0.75 -12.66 0
Sunpower Corp SPWR 3,872 1,476.22 -154.93 7,306
SUBTOTAL 2,281,645.77 714,375.58 47,581.20 810,471
       
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