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Using the risk matrix included in Appendix A below, plot the risks on a heat map and explain what the map means? Risk Identifier Category

Using the risk matrix included in Appendix A below, plot the risks on a heat map and explain what the map means?

Risk IdentifierCategoryDescriptionCauseEffect
1Financial RiskTesla Inc may face a decline in sales due to changes in consumer demand or economic downturns.Changes in consumer preferences, economic recession, competitionDecreased revenue, lower profits, potential financial losses
2Operational RiskDisruption in the supply chain may impact Tesla's production and delivery of vehicles.Supplier failure, natural disasters, logistical issuesDelayed production, missed delivery targets, customer dissatisfaction
3Technological RiskRapid advancements in electric vehicle technology may render Tesla's current models less competitive or outdated.Emergence of new technologies, failure to innovate, competitors' advancementsReduced market share, decreased demand for existing models
4Regulatory RiskChanges in government regulations or policies related to electric vehicles may impact Tesla's operations and market access.New regulations, policy shifts, compliance challengesIncreased compliance costs, restricted market opportunities, legal penalties
5Reputation RiskNegative publicity or controversies surrounding Tesla's products, business practices, or leadership may damage the company's reputation.Product recalls, safety concerns, ethical issuesLoss of customer trust, brand damage, reduced sales

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