Established in the year 2003, Tesla, an American-based company started operations as a specialized company in electric vehicles scalable clean energy generation and storage products. The brand also holds the title of producing the first sedan with electric technology. In addition to this, Tesla also manufactures energy solutions such as Solar Roof, Powerpack and Powerwall so as to support the energy ecosystem. With this scale of operations, the competitors who are giving Tesla a tough time to operate in the industry are as follows:
Top Competitors of Tesla Inc
- Toyota Motor Corporation
- Ford Motors Company
- General Motors
Nissan being a top Tesla competitor is a multinational automobile manufacturer and is popular for being the largest manufacturer of electric vehicles. With innovation in its products and services, Nissan offers a diverse range of brands in more than 191 countries across the world.
With global sales of more than 320,000 EV as of April 2018, Nissan is no doubt a leading electric vehicles manufacturer. Japanese manufacturer Nissan is looking to launch fully autonomous vehicle by 2020. According to Nissan Intelligent Mobility, humans will be a part of seamless driving experience where Nissan customer will feel more freedom and car will become their partners.
Toyota Motor Corporation
Toyota is a multinational automotive manufacturing company headquartered in Japan; This Motor Corporation is popular for manufacturing vehicles that meet the requirements of the customers. As of September 2018, Toyota is ranked the sixth largest company in the world and produces more than 10 million vehicles every year. Mainly because of its designing and reachability, Toyota is considered to be one of the top most competitors for Tesla.
Ford Motors Company
Ford is a multinational automobile company which is engaged in the manufacturing and selling of automobiles and commercial vehicles. The quality of service in terms of manufacture, design, sales and service is extremely high as its focus is to improve customer satisfaction. The company utilizes various innovative technologies to manufacture its vehicles along with focusing on CO2 emissions to be its sustainability strategy. Ford Motor is rendered to be a strong competitor of Tesla.
Bayerische Motoren Werke (BMW) is also a multinational automobile manufacturing company and is ranked to be the twelfth in the world for manufacturing vehicles. BMW is known for its brand performance which renders it to be amongst the toughest competitors of Tesla.
BMW i is a sub brand on BMW which is founded in 2011 and responsible for designing and manufacturing of hybrid and electric vehicles. BMW i sales reached to 50000 units in 2016. The BMW i3 Model became the 3rd bestselling electric car in the world. iNext is the self-driving car and the company is looking for scheduled production in 2021.
Honda is another top competitor of Tesla and is renowned for manufacturing automobiles, aircraft, motorcycles and power equipment. Honda Motors offers services that are proactive, proficient as well as professional to its customers. The company makes use of the most advanced technology for the manufacturing of their vehicles which has also led to the growth of its sales.
The hybrid and electric series of Audi includes innovative technology which enables users to drive with comfort and ease. Especially the e-tron model of Audi can travel up to 150 miles when it is fully charged. Equipped with the latest technologies, Audi’s e-Tron is the top most competitors of Tesla automobiles.
General Motors offer services to its customers on the basis of design, manufacture as well as performance of its automobile brands. Because of its customer service and global reach, General Motors is also in the list of top competitors of Tesla.
Self-driving technology is a not a myth anymore. GM acquired Cruise Automation a San Francisco based self-driving Startup, in 2016. The main purpose of this acquisition is to develop self-driving car it the near future.
Tesla is also an indirect competitor of Uber and Google. This is because Tesla, Uber and Google are working on self-driving car projects which means that Uber and Google are indirect competitors of Tesla.
Uber is another indirect competitor of Tesla mainly because of the concept of self-driving cars which is the part of the company’s goal to become a complete solution for powering local commerce across the globe. The survival of Uber is based upon the concept of Robotaxi and has similar audience like that of Tesla.
Google and Tesla have been rendered to be the boldest when the question is of self-driving technology. Waymo is a self-driving technology company originated by Google as a self-driving car project. Google has entered into a partnership with tech giants like Toyota, Ford, General Motors, Volkswagen, and Daimler to put self-driving concept into reality whereas, Tesla the fully automatic vehicle that is expected to launch in near future.