Telsa works hard to state the importance of going green and doing it in style, from solar walls to futuristic cars. With four luxurious car models, it is easy to see why Tesla is the leading competitor with over 30,000 employees across the United States. However, many companies worldwide are switching to producing electric cars; here are Tesla’s TOP competitor.
#1 Lexus
- Founded: 1989
- Headquarters: Nagoya, Aichi, Japan
Need to Know
Lexus is a newer brand for luxury cars, being established in 1989 and growing to one of the top-rated Japanese companies they have made their way to top in only 30 years!. Lexus is a division of Toyota (another competitor for Tesla). They began by promoting the F1 project, which was later named the LS400. This care alone would lead to multiple revisions and advancements following the rate of their consumers. Once the LS400 was released, there was a dispute with customers, and after handling it, they became the leading customer service provider in the industry. Named Best Selling luxury Import in 1991, the company boomed with new ideas, improvements, and models taking over many luxury consumers worldwide using their global manufacturing factories to help achieve their goals. By 2003 Lexus developed their Eco Change, enabling them to produce low emission cars and, down the road, completely electric or hybrid luxury cars. Lexus is currently one of the top-rated luxury brands with their newest car, the 2022 Lexus Rx, which many say is the best car on the market!
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#2 BMW
- Founded: March 7th, 1916
- Headquarters: Munchen, Germany
Need to Know
The BMW acronym stands for Bayerische Motoren Werke and translates to Bavarian Engine Workes Co. The company began motorcycle production in Germany but had various products from engines and other applications to motor production. They had multiple switches in production from aircraft to stock market, motorcycles, and back to airplanes, where they seemed to make the most profit in 1928. BMW had a vital role in the industrialization of Germany and opened many jobs in their factories. Once BMW established many factories, they branded the BMW 501, which lacked commercial success due to its high-end style.
Once they focused on the middle class and developed the BMW 1500 Model in 1961, they began seeing more profits from automobiles and continued growing and developing manufacturing companies. Thirty years later, with factories worldwide, BMW focuses on emission-free driving and plans to have each plant produce one model of electric car. The move to America happened in South Carolina, creating jobs, and putting cars on the market. BMW began producing electric cars in 2013 and was among one of the first companies to do so, laying the path for future innovation.
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#3 Toyota
- Founded: August 28th, 1937
- Headquarters: Toyota, Aichi, Japan
Need to Know
Toyota Was founded in 1937 by Sakichi. Sakichi developed the first automated loom enabling the industrialization of fabric companies. Once Toyoda sold the loom company, he and his son created the first Toyota car, the Model AA, in 1937. Toyota developed various models, such as the middle class focused Corolla, which was named the bestselling US automobile in the ’70s’70s and 80’s80’s. They created the Century, Crown Eight, Landcruiser model 55, and more. These models later influenced newer cars on the market, such as the Camry and the Yaris. Toyota is one of Tesla’s top competitors due to its luxurious middle-class vehicles that are affordable and dependable. Toyota endured many hardships in thirty years but overcame them and continued to grow and mass-produce affordable automobiles worldwide. Owning stock in Daihatsu, Hino, Subaru, Mazda, and many other Japanese car productions, making Toyota the leading Japanese car production company worldwide. They produced their first hybrid gas car in 1997, known as the infamously known as the Prius.
The Prius model leads developers to continue making eco-friendly cars, and they are currently working on new models of BEV (battery electric vehicle) to continue leading the market with their technology, innovation, and ability to adapt to the market. Their adaptability enables them to lead the market with mass produced electric cars with innovations like Tesla with their 5-star safety ratings and steer assist capality. There are many features that Toyota innovates making them the leading middle-class luxury and innovative car company.
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#4 Ford
- Founded: June 16th, 1903
- Headquarters: Detroit Michigan
Need to Know
Henry Ford built the quad cycle in 1896; less than ten years later, he developed Ford Motor Co, the most common brand of the car known across the world. He began his worldwide expansion in 1904 and went overseas to Paris in 1908, where Ford revealed the notoriously famous Model T. Ford innovated the assembly to speed up production and create the five dollar day making thousands of jobs across the world-leading in the front of the industrialization of the word. Once the Model T took off, they developed the Model TT, the world’s first truck. This innovative design was focused on farms and agriculture to give farmers the ability to move large objects without special machinery. After the Model TT, ford began producing other engine-generated machinery such as boats and planes, climbing the market with their new models. Ford became a leading company in the automobile industry.
After the 1949 Ford car geared towards the middle class, they saw the opportunity to focus on the middle class while still catering to the wealthy. From the Model T to the new 2022 electric F150, Ford has been focusing on affordable automobiles, effectively altering the market. Ford develops new ideas like switching their cars to electric, producing low emission vehicles, and creating new technology. Ford might seem like an unlikely competitor for Tesla, but their ability to adapt to the changing economy is why they succeed the way that they do.
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#5 Nissan
- Founded: December 26th, 1933
- Headquarters: Columbus, Georgia
Need to know
Yoshisuke Aikawa founded Nissan in Japan and then traveled to America to debut their new line of automobiles, the Datsun. Nissan launched the Datsun in 1937, and the market for the convertible compact sedan was booming. They created competition for other manufacturers, and the need for this innovation was growing. After the Datsun, the Nissan Skyline was debuted in 1957; The global demand led them to open manufacturing companies in Mexico, Australia, and Taiwan, leading to the largest factory in America. They built a solid reputation over the decade and continue every year with growing sales and leading innovation. From the Datsun to the Affordable 2022 Electric Nissan Leaf, Nissan continues to grow with the booming economy and wow buyers with innovation and practicality
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Sources
- “BMW.com.” BMW.com | The International BMW Website. Accessed November 29, 2021. https://www.bmw.com/en/index.html.
- Ford. “Company Timeline.” Ford Corporate. Last modified 2021. https://corporate.ford.com/about/history/company-timeline.html.
- Lexus. “The History of Lexus.” Lexus. Last modified 2019. https://pictures.dealer.com/lexusofmadison/e6a248d20a0e0ca27582be9ca6264066.pdf.
- Nissan. “The History of Nissan | Nissan USA.” Nissan. Accessed November 29, 2021. https://www.nissanusa.com/about/heritage.html.
- “Toyota.” Wikipedia, the Free Encyclopedia. Last modified October 25, 2001. https://en.wikipedia.org/wiki/Toyota#1990s.