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Yes I think you're right, but that may be an even harder gap to close than tech. Good Marketing: Crazy genius CEO who is always in the news, builds rockets in
by travisoneill1 8y ago
Yes I think you're right, but that may be an even harder gap to close than tech.
Good Marketing:
Crazy genius CEO who is always in the news, builds rockets in his spare time, launches his car into space, smokes weed with Joe Rogan, and constantly thumbs his nose at the authorities. Customers like this company so much that the CEO can ask for volunteers and actually get a response. $0 advertising budget. All marketing by word of mouth. Direct to consumer sales with transparent pricing.
Bad Marketing:
Standard car company. Nobody even knows the CEO's name, and he only speaks publicly in boring prepared statements run through a huge PR team. Massive advertising budget producing totally boring car ads that are indistinguishable from other companies. Sold through dealerships and sketchy salesmen who negotiate a different price for each customer.
I can see the big companies beating Tesla on tech a lot more than I can see them becoming like Tesla as a brand.
- gamblor956 8y agoAccording to their SEC filings, Tesla spends between $60 and $100 million annually on marketing, and they've definitely placed billboards in major cities since I have seen several of them in the LA area.
- travisoneill1 8y agoWas true for a while. I guess that's no longer the case.
- spectrum1234 8y agoWhich is true? They did and stopped, or started now?
- anth_anm 8y ago> $0 advertising budget. uh, what's elons PR budget? Toyota. Don't know the CEOs name. Instead I "know" that they produce vehicles with extremely high quality that will last me a good long time. I "know" that my F-150 will get the job done. My BMW is a status symbol.