Leading companies testing the technology on public roads are Mercedes, Ford and Toyota. Google, Apple Pal and other companies related to Badu. Among the listed OEMs, Tesla Motors has introduced a remarkable technology. For the first time in the market, the powered serial car can drive itself on the highway, connect to the network and establish all connections with other integrated devices.
Share traffic information with Tesla vehicles in the same area. Governments and institutions are committed to updating legislation and adapting these innovations. National organizations have conducted a number of tests to improve this new technology that helps reduce traffic accidents and deaths. In the UK alone, self-driving cars will prevent 2,500 deaths, improve driving conditions and increase associated stress from 2015 to 2030.
An innovative position in the market for Tesla is brand awareness and the set of products within a department, for example, electric trains, car batteries, etc. The company’s indirect competitors in the traditional luxury auto market have strong origins and typically a loyal customer base, but Tesla’s competitive advantage and aggressiveness. Other companies are trying to bring their own driving cars to market. Benefits include lower car accidents, car theft and lower car insurance rates.
According to Elon Musk, Tesla Motors is fully autonomous and will allow drivers to sleep in 2018. We plan to introduce some form of driving technology, which will take 2-3 years for governments to validate these objectives. Therefore, OEMs on public roads around the world will demonstrate their effectiveness.
A similar approach, which is completely new to the industry but very popular among others (for example, companies) was recently used by Toyota to create a huge market for hydrogen-powered vehicles. . In order to increase the number, the company should rely on a wider dealer network to shift its direct sales model to a more open model and allow it to sell through various channels beyond the online model.
Will competition drive Tesla to lower prices?
These changes have reduced the average selling price (ASP) compared to 2018. We do not expect significant changes in ASP sales in the short term. Therefore, this year, volume growth and revenue growth need to be more closely linked. By accelerating the design of the Model Y production line between the Shanghai Giga and Fremont factories, we can further accelerate sales growth. This increase in volume will increase sales related to total distribution vehicle sales. Therefore, the competition will not have much effect on Tesla Stock Price. If you want to buy the stock of Tesla, you can check information from tesla stock news before that.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.