Histograms and Scatter Plots for TSLA Chapter

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Using Analytic Techniques to Add Meaning to DataTesla OverviewTesla has been at the forefront in efforts to transform the automotive industry via the development of mainstream electric vehicles. Tesla’s vision is “to accelerate the world’s 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 leader in EVs in the United States. 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…

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3882FIGURE 4: VolumeMean: 25817505Median: 24226900Mode: N/AStandard Deviation: 9358742Summary of What the Data SuggestsTSLA 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….....

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