Describe Porter’s Five Forces on Tesla.

While a SWOT analysis focuses mostly on the internal mechanisms within a company, Porter’s Five Forces examines the larger economic factors that influence a company’s potential success. For your final project, you are going to work in teams of 1, 2, or 3, choose a company and analyze their potential for success using Porter’s Five Forces.Here are the five forces:•rivalry among existing firms•threat of new entrants•threat of substitute products or services•bargaining power of buyers•bargaining power of suppliersThese are the headings you will use in your paper (in addition to Background in the beginning, and Conclusion at the end).