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Tesla Inc   (TSLA)
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Tesla Inc 's

Competitiveness


 

TSLA Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Tesla Inc reported Revenue increase in the 4 quarter 2023 by 3.49 % year on year.
The revenue growth was below Tesla Inc 's competitors' average revenue growth of 6.71 %, achieved in the same quarter.

List of TSLA Competitors

With a net margin of 31.56 % Tesla Inc achieved higher profitability than its competitors.

More on TSLA Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Tesla Inc Net Income in the 4 quarter 2023 grew year on year by 114.27%, faster than the Tesla Inc 's competitors average income growth of 25.82 %

<<  TSLA Stock Performance 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 Q4 2023

Overall company revenue, grew less, than total company revenues, at 3.49 % and company approximately market share, declined to 6.9 %.
<<  More on TSLA Market Share.
 
*Market share is calculated based on total revenue.





Who are Tesla Inc 's Competitors?




Ford Motor Co
Share Performance



+3.59%
30 Days



Ford Motor Co
Profile

Ford Motor Co's business model is focused on designing, manufacturing, and selling vehicles, primarily automobiles, across various global markets. They employ a vertically-integrated approach, encompassing all stages of the production process, from design and engineering to manufacturing and distribution. Ford aims to deliver innovative, high-quality vehicles to meet customer demands, while also exploring opportunities in emerging technologies and sustainable solutions for transportation.

More about Ford Motor Co's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 50,493.625 mill. $ 176,191.000 mill. $ 4,329.000 mill.


General Motors Company
Share Performance



+24.31%
One Year



General Motors Company
Profile

General Motors Financial Company Inc is a captive finance company, providing automotive financing services to customers of General Motors (GM) around the world. Their business model primarily involves providing loans and leases to retail customers and dealerships, as well as offering various insurance and financing products to support GM vehicle sales.

More about General Motors Company's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 58,769.720 mill. $ 171,842.000 mill. $ 9,840.000 mill.


Paccar Inc
Share Performance



+64.80%
One Year



Paccar Inc
Profile

Paccar Inc operates as a global technology company primarily involved in the design, manufacture, and distribution of premium quality trucks and related aftermarket parts. The company follows a business model that focuses on building strong customer relationships, adapting new technologies, and maintaining a vertically integrated supply chain to deliver innovative and reliable transportation solutions. Paccar's revenue is generated through the sale of its trucks, parts, and financial services.

More about Paccar Inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 61,974.894 mill. $ 32,358.100 mill. $ 3,653.100 mill.


Stellantis N v
Share Performance



+12.60%
This Year



Stellantis N v
Profile

Stellantis N.V. is an automotive company with a diverse business model focused on manufacturing and selling vehicles. They operate through a combination of wholly-owned subsidiaries and joint ventures, offering a range of automotive brands across different segments and markets. Through strategic partnerships, Stellantis aims to leverage technological advancements and achieve operational efficiency, while catering to consumer demands and maintaining a competitive position in the global automotive industry.

More about Stellantis N v 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 81,255.754 mill. $ 212,289.280 mill. $ 20,860.000 mill.


Xpeng Inc
Share Performance



-41.10%
This Year



Xpeng Inc
Profile

Xpeng Inc is an electric vehicle (EV) manufacturer and technology company with a business model focused on designing, producing, and selling innovative and high-performance EVs.

More about Xpeng Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 14,162.653 mill. $ 3,987.985 mill. $ -1,357.137 mill.


Oshkosh Corporation
Share Performance



-0.78%
Over The Past 5 Days



Oshkosh Corporation
Profile

Oshkosh Corporation operates as a diversified industrial company that designs and manufactures highly specialized vehicles, equipment, and technology solutions for various industries worldwide. It primarily generates revenue through the sale and distribution of its products and services to customers in the defense, fire and emergency, access equipment, and commercial segments.

More about Oshkosh Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 8,140.741 mill. $ 9,393.900 mill. $ 522.300 mill.


Toyota Motor Corp
Share Performance



+3.20%
30 Days



Toyota Motor Corp
Profile

Toyota Motor Corp's business model is centered around manufacturing and selling automobiles globally. It focuses on producing a diverse range of vehicles, including cars, trucks, and SUVs, catering to different market segments. Toyota prioritizes quality, reliability, and innovation in its vehicles and emphasizes sustainable practices throughout its operations. The company also invests in research and development to develop advanced technologies like hybrid and electric vehicles. Additionally, Toyota maintains a strong global supply chain and distribution network to reach customers effectively.

More about Toyota Motor Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,318,915.478 mill. $ 254,178.568 mill. $ 17,054.791 mill.


Honda Motor Co Ltd
Share Performance



+18.23%
This Quarter



Honda Motor Co Ltd
Profile

Honda Motor Co. Ltd. operates on a diversified business model, primarily focusing on the production and sale of automobiles. They offer a wide range of vehicles, encompassing cars, motorcycles, and power equipment, targeting both individual consumers and commercial markets. Honda also engages in research and development to innovate new technologies and designs, aiming to provide sustainable mobility solutions for the future.

More about Honda Motor Co Ltd 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 62,169.669 mill. $ 114,450.179 mill. $ 4,855.541 mill.


Electrameccanica Vehicles Corp
Share Performance



-17.91%
30 Days



Electrameccanica Vehicles Corp
Profile

Electrameccanica Vehicles Corp's business model is focused on designing, developing, and manufacturing electric vehicles, specifically single-seat and three-wheel commuter cars.

More about Electrameccanica Vehicles Corp 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 25.456 mill. $ 2.158 mill. $ -57.582 mill.


Newhydrogen Inc
Share Performance



-14.38%
30 Days



Newhydrogen Inc
Profile

Newhydrogen Inc operates as a renewable energy company that focuses on the development and deployment of hydrogen production technologies. They aim to address the growing demand for clean energy by utilizing efficient and sustainable methods to produce hydrogen.

More about Newhydrogen Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 35.237 mill. $ - mill. $ -3.178 mill.


Tritium Dcfc Limited
Share Performance



-30.51%
Over The Past 5 Days



Tritium Dcfc Limited
Profile

Tritium DCFC Limited operates on a business model focused on delivering high-quality direct current (DC) fast charging solutions for electric vehicles.

More about Tritium Dcfc Limited's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 157,871.999 mill. $ 184.544 mill. $ -121.370 mill.


Cleartronic Inc
Share Performance



0.00%
One Year



Cleartronic Inc
Profile

Cleartronic Inc operates as a technology and software company that provides real-time communication solutions. They offer cloud-based communication platforms and services to businesses in various industries, enabling effective and efficient communication between employees, customers, and stakeholders.

More about Cleartronic Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 13.608 mill. $ 2.231 mill. $ 0.057 mill.


Sunpower Corp
Share Performance



-80.87%
One Year



Sunpower Corp
Profile

Sunpower Corp's business model focuses on manufacturing and selling high-efficiency solar panels and providing integrated solar solutions for residential, commercial, and utility-scale customers worldwide.

More about Sunpower Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 438.103 mill. $ 1,826.222 mill. $ -129.082 mill.


Isun Inc
Share Performance



+16.68%
30 Days



Isun Inc
Profile

Isun Inc's business model focuses on providing innovative products and solutions to customers.

More about Isun Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 4.640 mill. $ 87.186 mill. $ -50.701 mill.


General Electric Company
Share Performance



+22.61%
This Year



General Electric Company
Profile

General Electric Company's business model revolves around industrial activities, manufacturing and providing technologies, products, and services in various sectors such as power, aviation, healthcare, renewable energy, and manufacturing. Their focus lies on innovation, research and development, and delivering solutions that help customers and industries optimize performance and efficiency while addressing societal and environmental challenges.

More about General Electric Company's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 169,688.275 mill. $ 67,954.000 mill. $ 9,443.000 mill.


Blink Charging Co
Share Performance



-18.93%
This Year



Blink Charging Co
Profile

Blink Charging Co operates a business model centered around providing electric vehicle (EV) charging infrastructure solutions. They partner with property owners and businesses to install and maintain EV charging stations in strategic locations, allowing them to generate revenue through usage fees and service contracts. They also offer software solutions for managing and monitoring charging stations, providing a comprehensive ecosystem for EV charging.

More about Blink Charging Co 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 163.081 mill. $ 140.598 mill. $ -203.693 mill.


Beam Global
Share Performance



-18.90%
30 Days



Beam Global
Profile

Beam Global's business model revolves around the production, distribution, and marketing of alcoholic beverages globally, with a focus on premium spirits and wines. They innovate, acquire, and nurture iconic brands while leveraging strong distribution networks to reach consumers across various markets.

More about Beam Global's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 80.257 mill. $ 55.221 mill. $ -18.802 mill.


Nuvve Holding Corp
Share Performance



+543.79%
This Quarter



Nuvve Holding Corp
Profile

is leading the electrification of the planet, beginning with transportation

More about Nuvve Holding Corp 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 0.567 mill. $ 8.332 mill. $ -31.297 mill.


Chargepoint Holdings Inc
Share Performance



-21.80%
This Quarter



Chargepoint Holdings Inc
Profile

Chargepoint Holdings Inc operates a business model focused on the deployment and operation of electric vehicle charging stations. They provide charging hardware, software, and services to various organizations and individuals, enabling them to easily charge their electric vehicles. Chargepoint generates revenue through equipment sales, network subscriptions, and service fees, making it a prominent player in the growing electric vehicle charging infrastructure industry.

More about Chargepoint Holdings Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 618.897 mill. $ 468.094 mill. $ -345.108 mill.


Rivian Automotive Inc
Share Performance



-25.12%
30 Days



Rivian Automotive Inc
Profile

Rivian Automotive Inc is an electric vehicle manufacturer that follows a direct-to-consumer sales model, bypassing traditional dealerships. The company focuses on producing and selling all-electric pickup trucks and SUVs with advanced features and high-performance capabilities. With a strong emphasis on sustainability and innovation, Rivian aims to capture a significant market share in the rapidly growing EV industry.

More about Rivian Automotive Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 9,056.488 mill. $ 4,434.000 mill. $ -5,432.000 mill.


Mullen Automotive inc
Share Performance



-3.43%
Over The Past 5 Days



Mullen Automotive inc
Profile

Mullen Automotive Inc. operates using a distinctive business model focused on designing and manufacturing electric vehicles for the market.

More about Mullen Automotive inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 15.791 mill. $ - mill. $ -696.561 mill.


Li Auto Inc
Share Performance



-10.84%
This Year



Li Auto Inc
Profile

Li Auto Inc's business model revolves around the production and sale of electric vehicles (EVs) with extended-range capabilities. They focus on developing and manufacturing innovative EVs equipped with a small internal combustion engine as a generator, providing additional power to extend the vehicle's range. By offering this extended-range technology, Li Auto aims to address the limitations in EVs' driving range and charging infrastructure, making their vehicles more suitable for long journeys and reducing range anxiety for consumers.

More about Li Auto Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 65,238.208 mill. $ 17,443.837 mill. $ 1,663.280 mill.


Fisker Inc
Share Performance



-98.49%
One Year



Fisker Inc
Profile

Fisker Inc is an electric vehicle manufacturer that follows a direct-to-consumer business model. They design and develop premium electric vehicles with a focus on sustainability and clean technology, aiming to disrupt the automotive industry. Fisker emphasizes partnerships with suppliers, manufacturers, and service providers to streamline production and deliver a unique customer experience.

More about Fisker Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 30.776 mill. $ 73.129 mill. $ -468.485 mill.



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