Established in 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 roofs, power packs, and powerwalls to support the energy ecosystem. With this scale of operations, the competitors who are giving Tesla a tough time operating in the industry are as follows:
Top Competitors of Tesla, Inc
- Nissan is a multinational automobile manufacturer and the largest manufacturer of electric vehicles.
- Toyota: A competitor of Tesla
- Ford: A competitor of Tesla
- BMW: A competitor of Tesla
- Honda: A competitor of Tesla
- Audi: A competitor of Tesla
- General Motors: A competitor of Tesla
- Mercedes-Benz: A competitor of Tesla
- Porsche: A competitor of Tesla
Other competitors include Nio, Li Auto, Xpeng, Rivian, and Lucid.
Tesla is the top competitor in luxury EVs.
Nissan, 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 EVs as of April 2018, Nissan is no doubt a leading electric vehicle manufacturer. Japanese manufacturer Nissan is looking to launch a fully autonomous vehicle by 2020. According to Nissan Intelligent Mobility, humans will be a part of a seamless driving experience where Nissan customers will feel more freedom and cars 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 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 design and reachability, Toyota is considered to be one of the top competitors for Tesla.
Ford Motor Company
Ford is a multinational automobile company that 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 as its sustainability strategy. Ford Motor Company is considered to be a strong competitor of Tesla.
Bayerische Motoren Werke (BMW) is also a multinational automobile manufacturing company and is ranked twelfth in the world for manufacturing vehicles. BMW is known for its brand performance, which renders it among the toughest competitors of Tesla.
BMW I is a subbrand of BMW, which was founded in 2011 and is responsible for designing and manufacturing hybrid and electric vehicles. BMW i sales reached 50,000 units in 2016. The BMW i3 Model became the third-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, and 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 Audis includes innovative technology that enables users to drive with comfort and ease. Especially the e-tron model of Audi, which can travel up to 150 miles when fully charged, Equipped with the latest technologies, Audi’s e-Tron is the top competitor to Tesla automobiles.
General Motors offers services to its customers on the basis of the design, manufacture, and performance of its automobile brands. Because of its customer service and global reach, General Motors is also on the list of top competitors of Tesla.
Self-driving technology is 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 a self-driving car in the near future.
Tesla is also an indirect competitor to 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 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 a similar audience as that of Tesla.
Google and Tesla have been rendered the boldest when the question is about 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 the self-driving concept into reality, whereas Tesla is the fully automatic vehicle that is expected to launch in the near future.