The External Factor Evaluation matrix will allow you to use the information from the industry analysis and the competitive analysis to assess whether the company (Tesla) is able to effectively take advantage of existing opportunities while minimizing the identified external threats that will help you formulate new strategies and policies.
Use the opportunities and threats in the OT table below.
Develop an EFE matrix using 5 opportunities and 5 threats. Discuss how you developed the EFE matrix and the outcome. Support your reasoning.
| Opportunities |
| A growing demand for eco-friendly vehicles |
| An increased awareness of environmentalism |
| Technology advancements |
| Lower electric vehicle pricing |
| Advancement in automation technology |
| Threats |
| A decrease in oil prices |
| Competitors |
| Heightened dealership regulations |
| Oil lobbying |
| Public perception |
