It doesn’t take a miracle to imagine how Tesla’s stock is performing better than the industry. The company has been making headlines by turning off the lights at its Gigafactory. It was to demonstrate how vital solar power is, and they’ve also hit another milestone by selling 250,000 cars in a single year.
Today, we’re taking a closer look at what’s behind Tesla’s success. In many ways, it wasn’t a surprise that the company has performed so well, especially since its stock consistently outperformed industry peers like GM and Ford during the bear market. However, it’s still interesting to note how the company has been able to outpace those competitors when it comes down to hitting key milestones.
It’s a rare occasion when Tesla announces sales numbers, but we’re confident in reporting that they’ve already exceeded the 100,000 mark. More importantly, this represents a monumental performance for the company and its shift towards greater efficiency and future mobility.
Meanwhile, GM and Ford are far behind in these two categories. So, we’re looking at why Tesla can perform better than its rival automakers when it comes down to selling cars.
Tesla Managing Supply Chain Crises
Tesla’s ability to keep new cars in the market is impressive considering that the company has faced several supply chain issues in recent years. In January, we reported on how Tesla had to slash prices on its vehicles — which were $10,000 or higher — due to safety and quality issues with their batteries.
Tesla wasn’t required to do this, but it only makes sense to let potential customers know about these price cuts. Meanwhile, cars sold by all the other major automakers went on sale throughout the year while Tesla’s sales were delayed – but that’s also part of their strategy.
Tesla’s entire supply chain is optimized for quick delivery, so they’re able to bring new cars to market faster than their competitors. It means that the company can react quickly to any issues in manufacturing without affecting production or affecting sales.
Tesla’s Smart Manufacturing Plants
Unlike GM and Ford, Tesla isn’t a mass producer of cars. Instead, they’ve designed their facilities to meet a specific purpose: to produce high-quality vehicles. That’s why their cars have been praised for being exceptionally quiet, clean, and smooth.
Conclusively, when it comes to selling vehicles, Tesla’s manufacturing is superior to what GM and Ford have assembled. The company has a unique supply chain process. It allows them to react faster than their competitors, and its limited capacity helps the company avoid mass production.
