Be more explicit and structured, please answer each prompt question based on the information. Below are Tesla and GM using the five main headings from the prompt and bullet each answer clearly underneath a clear comparison of Tesla and GM's company market share vs competitors. Address the following: 1. mention whether the company is gaining or losing market share, nor a breakdown of financial strength using the Comparative Operating Statistics. 2. Clear identification of the fastest-growing competitor based on data. 3. What can you do if your customers are slow to respond (buy) the innovation? 4. What can you do if one competitor is overtaking all the others, including your company? 5. What is the size of the development that will be required? 6. Will you require additional capital and personnel? 7. How would you determine the timeline from the beginning of development until the initial product launch? Technology available. A trend towards embracing Internet of Things (IoT) technology on motorcars is a step that is worth unprecedented value to the utmost customer experience, safety, and business effectiveness. For an automotive business company to thrive in this modern age, IoT adoption may be the key to success, and responding to the growing aspirations of customers for connected and intelligent cars. However, becoming IoT-enabled with a range of products means an engineered sequential roll-ourolloutis especially daunting when technological innovation and cost and deployment risk balance requirements need to be factored in. To make use of a phenomenon like that to such an extent, a middle-level manager who will be dispatching a cross-functional team to optimize the utilization of IoT must be conscious of the changing market trend, analyze the competency level among the competitors, and select the most appropriate strategy at minimum cost. Adopt a staged, incremental innovation strategy in which each product is sequentially enabled with IoT capability before moving on to its rollout, the remainder of the portfolio. This will allow the company to manage risk, limit costs, and build customer acceptance of new technology. With more market awareness and support from data analysis tools such as Power BI, the business can track its competitors, such as Tesla and GM, and be empowered to determine the next move with IoT integration. 1. Industry Comparative Competitor Strength Tesla: Market Position and Growth Rate: Tesla has experienced ultra-high growth in the electric vehicle (EV) market due to its leadership in the EV market and focus on innovation, i.e., IoT technologies. Tesla's growth rate has been increasing in recent years as it continues to innovate through software features (e.g., Autopilot), hardware (e.g., sensors and connectivity), and other IoT-enabled features. Technological Innovation: Tesla is also credited with technology besides its electric drive training, namely, autonomous software