External Factor Analysis Summary (EFAS) for Tesla Motors Essay (Essay Sample)

External Factor Analysis Summary (EFAS) on Tesla
Students Name
Professors’ Name
External Factor Analysis Summary (EFAS) ON TESLA
External Factors

Weight

Rating

Weighted score

Comments

Opportunities





Oil is continually becoming scarce in the world. Electricity is a renewable form of energy

0.4

4

1.6

Oil as a resource is not renewable and over the years people have been looking for a renewable more efficient form of energy. Electricity is renewable and can be produced easily and in various ways. Moreover, it is cheap in comparison to oil. This factor is of the essence in the survival of Tesla. Hence it ranks high

Tesla battery technology can be used in other areas such as solar panels for storing power

0.1

2

0.2

The batteries of Tesla can indeed get other wide ranges of application. Despite this, the market for manufacturing batteries is flooded globally. This factor is among the least that can ensure the survival of Tesla

Environmental issues are currently on peoples priority list

0.05

3

0.15

Issues regarding the conservation of the environment have always been on people’s minds. But they do not compare with others in the vehicle industry such as affordability and making a living with the current global crisis such as the coronavirus. This as a factor is not essential for Tesla’s survival

Governments are supportive across the globe for environmentally friendly vehicles

0.05

4

0.2