Is Tesla better than Petrol Vehicle?

Tesla. Inc., founded by Elon Musk, JB Straubel, Ian Wright, Martin Eberhard, and Marc Tarpenning in 2003. Tesla become a global leader in electrical vehicles. It also make energy storage and renewable energy products. Here’s explanation about tesla;

1. Automotive Innovations and performance:

Tesla vehicles give us longer range consistently compared to the EV brands its mileage is 300 miles on a single charge. It also give high performance, for example, the model S can accelerate from 0-60 mph in 2 seconds. Tesla’s Autopilot and full self-driving are its specialty.

Image credit to https://commons.wikimedia.org/

Its drawbacks are inconsistent panel gaps, paint imperfections, and occasional software bugs. Tesla price are very high compared to other EV brands, its most affordable model Model 3 is mush expensive to others.

2. Energy products:

Tesla’s battery provides backup power that helps to reach to home, office, or station. Tesla’s solar roof also charge with sunlight power and provide more power to run car. But there is limited production capacity that sometime delay the rollout of energy products.

Image credit to https://www.rawpixel.com/

3. Technological leadership:

Tesla’s has a lithium-ion battery, including efforts to transition to its own 4680 cells that result in improvement of energy density and reduce costs. Tesla has over 45,000 power stations all over the world that provide a seamless charging to its customers.

4. Market Position:

Tesla’s have a very large market of EV cars but its competitors like Ford, General motors, Volkswagen etc. are its big competitors.

5. Financial Performance:

After 2020, Tesla has shown growth progress in revenue generating. Tesla’s stock has been volatile but remain in valuable automakers in market. Due to Elon musk, his involvement as CEO of other companies like X or spaceX etc.  Investors invest their money to tesla frequently this cause tesla stock price increasing day by day.

6. Challenges and criticism:

Tesla also struggle with supply chain distribution. Its factories in U.S., china and Germany are bounded by trade policies in countries result in slow down its sell value. In recent, Tesla’s reputation decreased by allegations of poor working conditions.

Conclusion:

In recent times, Tesla become a front page of EVs. Its vehicles are very popular in all over the world but it has to face criticism due to production controls, trade policies and lack of its stations in many countries. But tesla’s technology is very amazing and its vehicle are also environment friendly.