Why Tesla is ahead of it's competitors?

Why Tesla is ahead of it’s competitors?

Over a previous couple of years, the automotive big Tesla has been driving the motor vehicle business like no alternative companies. In 2018, the corporate-delivered over 2,45,000 cars and around 3,60,000-3,70,000 in 2019.

Recently, Tesla’s market capitalization reached to triple-digit mark, US$107 billion, for the first time, passing German manufacturer Volkswagen AG, which contains a market capitalization of concerning US$100 billion.

Now, Tesla solely trails Toyota globally, which contains a market cap of US$233 billion. The company is that the highest-valued USA manufacturer of all time and its market capitalization has excelled each Ford and gram combined.

1. Unique Business Model

Tesla took a novel approach to obtain its initial vehicle within the market. The company’s business model significantly spins around selling, servicing, and charging its electrical vehicles. As several auto-makers use franchised dealerships to sell their vehicles, Tesla leverage the opposite model, direct sales.

Tesla’s specialization in electric vehicle manufacturing, battery energy storage from home to grid-scale, and through its acquisition of Solar City, solar battery and star roof tile producing are creating it to drive to future level.

The corporate has engineered its own network of Supercharger stations, permitting drivers to totally charge their Tesla vehicles in concerning half-hour for free.

Tesla is not simply an automotive manufacturing company, any more than Apple was a cellphone company. The integration of transportation and digital technology is a new ballgame in which legacy auto makers have no distinct advantage over Tesla.

Tesla has changed the rules of the game. They have reinvented more than the car, but the whole process of buying and owning a car.

2. Making of Cars

Tesla entered the automotive market with the colourful Roadster. However, it stopped creating the Roadster once it had launched the Sedan, called the Model S, in 2012.

Like Apple develops the iPhone and Microsoft uses Intel chips and Dell PCs uniquely, Tesla builds its cars by developing computer code on unique hardware.

This permits the corporate to reinforce its cars’ computer code functionality with ease. simply exploit fewer parts, the whole value of Tesla possession is significantly not up to an enclosed combustion vehicle. there’s no ought to expense on oil changes, tune-ups, exchange mufflers, and more.

Recently, Tesla’s market capitalization reached to triple-digit mark, US$107 billion, for the first time, passing German manufacturer Volkswagen AG, which contains a market capitalization of concerning US$100 billion.

3. Not just green, but fast

Despite being purely electric, it is fast. The Model S P85D, a dual motor all-wheel drive vehicle has a governed top speed of 155 mph (249 km/h) and it accelerates from 0 to 60 miles per hour (0 to 97 km/h) in 3.2 seconds, under “Insane Mode”.

4. Recharge quick, recharge fast

Tesla drivers get the benefit of a lifetime of free Supercharging (super fast recharging) and the network of charging stations is wide. According to Musk, some 80% of Americans are “covered” by the Supercharger network, and with the completion of the interior corridor, Model S drivers can now drive from one coast to the other and back, for free, using the fast-charging system

5. Everything is a touch away

Model S also has one of the largest automotive touchscreen (17”) in the world and the ability to control almost the options and features (mechanical/electrical/thermal etc. ) of the car makes it far ahead of its competitors.

6. Option of No Physical Service

Tesla employs what it calls Tesla Rangers mobile technicians who can service vehicles from your house. Sometimes the owner can wirelessly upload data so technicians can view and fix the problems online without ever needing to physically touch the car.

Tesla is successful greatly because of its business model. The strategy of creating a wide network of charging stations to solve one of the greatest obstacles facing adoption of electric vehicles refuelling on long trips and its unique approach to controlling over all sales and service, is one of the reasons of its success.

7. Autopilot

Tesla Autopilot is a suite of advanced driver-assistance system features offered by Tesla that has lane centring, traffic-aware cruise control, self-parking, automatic lane changes, semi-autonomous navigation on limited access free ways, and the ability to summon the car from a garage or parking spot.

All new Tesla cars come standard with advanced hardware capable of providing Autopilot features today, and full self-driving capabilities in the future through software updates designed to improve functionality over time.

Tesla’s Autopilot AI team drives the future of autonomy of current and new generations of vehicles. Learn about the team and apply to help accelerate the world with full self-driving.

8. Range (better battery chemistry)

Tesla has been using small amounts of silicon oxide in its anodes for years. Tesla is also working on improvements to its cathode chemistry. Most lithium-ion batteries found in electric vehicles today including Tesla’s use a cathode made from lithium nickel manganese cobalt oxide, otherwise known as NMC.

9. Battery production capacity

US electric vehicle manufacturer Tesla plans to turns its Berlin-Gruenheide factory into the world’s largest EV battery plant, CEO Elon Musk said Nov. 24 at a German government-organized EU battery conference.

10. Over the air updates

Tesla vehicles regularly receives over-the-air software updates that add new features. If your car is due for a software update Tesla will notify you through your touchscreen and Tesla mobile app.

Our cars regularly receive over-the-air software updates that add new features and enhance existing ones over Wi-Fi.

You can check for new software updates by opening the ‘Software’ tab on your Touchscreen. If a new update is available, you’ll receive a notification on your Center touchscreen display, with the option to install the update immediately or schedule for later. To ensure the fastest and most reliable delivery of software updates, connect your car to Wi-Fi.

11. Supercharger ecosystem

Tesla will soon enter India but the company is busy expanding its ecosystem in other countries. The electric vehicle company has now launched a new supercharger facility in China which is claimed to be the biggest till date.

12. AI powered infotainment

Tesla develop and deploy autonomy at scale that an approach based on advanced AI for vision and planning, supported by efficient use of inference hardware is the only way to achieve a general solution to full self-driving.

  • Hardware
  • Neural Networks
  • Autonomy Algorithms
  • Code Foundations
  • Evaluation Infrastructure