Tesla Ranked Top Automotive Industry Performer
In a recently released study by GlobalData automotive analysis company, Tesla rose to the top as the best performing entity in the automotive industry. GlobalData ranks automotive companies using a “Thematic Screen”.
credit: Steve Jurvetson
The screening process takes into account the most relevant performance figures of the industry and generates an indicator of how performance will evolve in the future.
According to Calum MacRae, Automotive Analyst for GlobalData, Tesla has gone above the sector average in various measures. For example, Tesla is the undisputed leader in market capitalization (total market value of the company’s outstanding shares).
In terms of manufacturing capacity utilization rate, Tesla rated 90% throughout 2019, keeping the automaker at the top of GlobalData’s list.
With currently just one main distribution plant in the US and two upcoming nodes in Shanghai and Berlin, Elon Musk’s company is expected to boost its capacity dynamically in the next half decade. The boost, according to MacRae, is also a result of an observed high demand on electric vehicles.
Future Outlook for Tesla
Based on the analytic report, Tesla shows a positive outlook and emerges rather unscathed from the current covid-19 crisis. This is a sharp contrast to older, larger automakers whom have had their sales cut drastically in 2020.
The optimistic sales figures combined with the top engineering expertise and marketing techniques boost the company towards a winning position in the post-epidemic business environment.
On the same note, GlobalData set BMW, Toyota, Honda and Geely as sector leaders in manufacturing capacity utilization, while pushing Ford, Renault, Tata Motors and Nissan at the other end of the scale.
Even though it doesn’t feature the seniority of other well-established automakers, GlobalData considers key attributes featured by Tesla to keep the US-based electric vehicle manufacturer outperforming the sector for years to come.
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