Using Analytic Techniques to Add Meaning to Data
Tesla Overview
Tesla has been at the forefront in efforts to transform the automotive industry via the development of mainstream electric vehicles. Teslas vision is to accelerate the worlds transition to sustainable energy (Tesla, 2022). However, competition is rising, as other companies like BMW, VW, Ford, GM, and newcomers like Rivian, have leapt into the space as well. The industry is currently distressed by supply chain woes, but Tesla is well-positioned to build on its brand and maintain its lead in the EV space so long as it continues to deliver on product promises.
In terms of sales, Tesla remains the market...
For instance, more than half of all electric vehicles registered in the country in the first half of last year were Teslas (Levin, 2021). Available data, however, indicates that we are losing our market share to a number of competitors. There is need to assess why this has been the case and the strategic adaptations that ought to be made to reverse the trend.
From the onset, it would be prudent to note that according to Brigham (2021), one of the key reasons as to why Tesla is being beaten by some of its competitors...
…172.3882
FIGURE 4: Volume
Mean: 25817505
Median: 24226900
Mode: N/A
Standard Deviation: 9358742
Summary of What the Data Suggests
TSLA stock is quite volatile over the past year, as the standard deviation of volume and historical adjusted close show. The stock has traded in a range from as low as approximately 600 USD per share to approximately double that throughout the time period, most recently trading at approximately 800 USD, which indicates the stock has nearly round-tripped over the course of the past year.
The scatter plots were constructed using Excel and following the formulas for creating the plot. The same was true of the histograms. Excel is relatively easy to use once a…
