Elon Musk is commonly compared to comic-book heroesthe brainy, scientific kind like Tony Stark or Bruce Wayne, grappling with huge problems and inventing technologies to save the planet.
One of his lesser-known superpowers, however, has been his ability to defy the laws of brand building, establishing Tesla as the cool, aspirational brand of the decade without advertising of any kind. Tesla sits in a sector that spends big on advertising; Toyota Motor Corp spent $4.4 billion in 2018. But in July, Musks operation became the most valuable car company in the world, zooming ahead of Toyota without spending a dollar on ad campaigns. Even Apple and Amazon advertise.
How is Tesla doing it?
Musk does not lack marketing smarts. He once saidBrand is just a perception, and perception will match reality over time. Sometimes it will be ahead, other times it will be behind. But brand is simply a collective impression some have about a product.
Musk knows the foundations of branding and, presumably, how advertising has contributed to the growth of household names including McDonalds or Chevrolet. But he wants to generate positive perception for Tesla without spending those ad dollars. One of his core values is that hed rather go all-in on the product.
Musk has followed this mantra in bringing the companys mission, to accelerate the worlds transition to sustainable energy, to life. For Tesla, this isnt just a brand statement that lives on the website or in its Impact Report. It is a filter the company has used since its inception to inform everything it says, builds and doescreating consistency that is matched by few, and flexibility to grow and evolve.
Teslas adherence to its mission has accelerated the transformation of a scrappy American sports car manufacturer into a cutting-edge energy ecosystem provider that operates around the globe.
When Tesla was founded in 2003, electric vehicles were widely perceived as undesirable:ugly, inadequate and expensive. Instead of tiptoeing around these barriers, Tesla took on all of them.
From a product viewpoint, Musk has made the right plays with a high-end aspirational model that pushes the category forward in terms of performance and design, while gradually introducing more affordable entry points that benefit from the brands halo effect. And Teslas high standards dont stop with the vehicle. The entire user journey has been upended by the business.
Hosting product events that rival the likes of Apple and Google. Choosing to have no dealerships. Building charging networks across markets. Delivering vehicles directly to customers and servicing them in their driveways. Evolving performance with over-the-air software updates. There isno shortage of examples of how Tesla is rethinking the way people experience the brand.
By focusing on disrupting the details, Tesla quickly overtook traditional auto manufacturers and set its sights on comparison with other exemplary brands, most notably the tech giants.
Musk knows better than anyone the value of a charismatic, rebellious CEO to establish a strong positioning. He is synonymous with the Tesla brand, bringing along the Silicon Valley swagger of a tech company founder/CEO who moves in influential and celebrity circles, guaranteeing mainstream coverage along the way.
Tesla has also shunned theclich that innovative companies must be shrouded in secrecy. Instead, he has adopted an unparalleled open and conversational approach. Musk is truly only a tweet away, bouncing from answering technical queries to debating critics. When the Cybertruck was involved in a window-smashing foul-up, Musk didnt hesitate to take to Twitter and give an explanation of what happened.
Being visible and joining conversations builds rhythm and momentum around brand activity, maintaining interest from reveal to development to release. It also manages expectations, sharing progress early and often to lessen the focus on meeting specific deadlines. Lastly, it creates transparency and a sense of ownership, allowing many people to feel like they are a part of Teslas journey and become the brands loudest ambassadors.
Circumstances and market goals change. There is a motion about advertising on the table for the shareholder meeting in September. Tesla cannot be defined as a challenger brand anymore, given its market valuation. If the company is to become a mass market marque, selling the forthcoming Model Y SUV and its other cars to millions a year, it will have to pay up for advertising at some point. Doing so will be key to attracting elusive customers and strengthening price points.
If Tesla's advertising invokes its sustainable-energy mantra as well as high-end aspirations for performance and design, itsmedia plan and execution could leaverivals in the dust.
Read this article:
Opinion: Tesla is defying the laws of brand-building - AdAge.com
- TSLA Stock | TESLA Stock Price Today | Markets Insider [Last Updated On: September 6th, 2018] [Originally Added On: September 6th, 2018]
- Nikola Tesla | Biography, Facts, & Inventions | Britannica.com [Last Updated On: October 8th, 2018] [Originally Added On: October 8th, 2018]
- TSLA Stock Price - Tesla Inc. Stock Quote (U.S.: Nasdaq ... [Last Updated On: October 8th, 2018] [Originally Added On: October 8th, 2018]
- Tesla Model Prices, Photos, News, Reviews and Videos - Autoblog [Last Updated On: April 20th, 2019] [Originally Added On: April 20th, 2019]
- Ford, GM rev up electric pickup trucks to head off Tesla - Reuters [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- Toyota using Tesla-style Panasonic batteries for China hybrids: sources - Reuters [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- Teslas a Game Changer When It Comes to Windshield Wipers - Car and Driver [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- General Motors vs. Tesla: Software Engineer Pay - Dice Insights [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- Sweeney Gives Support to 'Tesla Lawsuit' - InsiderNJ [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- Tesla Model 3 dominates global EV sales, chases down fossil fuel competitors - The Driven [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- Driving A Tesla Model X Through Flood Waters May Look Cool But Isnt A Good Idea - Carscoops [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- See This Tesla Model S Making Smoke? A Bug Is The Cause - InsideEVs [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- Tesla Sentry Mode catches couple mistaking Model 3 for their Hyundai Elantra - Driving [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- Tesla's Million Mile Battery - Seeking Alpha [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- Podcast: Teslas upcoming new battery, Tesla Plaid Powertrain, EVs from Frankfurt, and more - Electrek [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- Cuomo on whether Tesla will meet job targets: 'We will find out next year' - Buffalo News [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- What the GM Strike Means For the Fremont Tesla Factory - California Globe [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- Watch Tesla V10 with new Netflix, YouTube, Caraoke apps in action surprisingly refined - Electrek [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- Sleeping With Tesla Autopilot May Explain Some Of Tesla's Safety Numbers - Forbes [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- Tesla Autopilot V10 In-Depth Road Test With Useful Bookmarks - InsideEVs [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- Why Tesla Seems to Be Struggling with Q3 Deliveries - Market Realist [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- Tesla Alumni Launch Smart Electric Panel to Make It Easier to Go Solar - Tom's Guide [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- A Tesla-Swapped E30 BMW Means 'You'll Never Miss a Yellow Light Again.' - The Drive [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- Tesla Dealer Loophole Ideas - CleanTechnica [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- Tesla vs. Porsche: Does The Model S Finally Have A Competitor In The Luxurious New Taycan? - Forbes [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- How Musk is Trying to Address Tesla's Service Issues - Market Realist [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- 3 Ways Tesla Is Transforming What It Means To Be A Car - CleanTechnica [Last Updated On: September 19th, 2019] [Originally Added On: September 19th, 2019]
- Ride Along In The World's Quickest Tesla - InsideEVs [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- U.S. Labor Judge Rules That Tesla Interfered With Union Organizing - Jalopnik [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Tesla rolled out its Smart Summon feature, and it's not going well - Driving [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Tesla has reinvented the windshield wiper in new patent - Fox News [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Teslas first big V3 Supercharger expansion is already happening in Canada - The Verge [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- People Are Posting Videos of Close Calls with Tesla's New Smart Summon Feature - Car and Driver [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- People Are Trying to Get Themselves Run Over by Their Own Teslas - ScienceAlert [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Tesla Built-In Camera Captures the Moment 'Very Angry' Woman Keys Car in School Parking Lot - Newsweek [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- In 10 years, Tesla went from a one-car company to a Porsche rival - Business Insider [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Tesla is working on its own more efficient seat with temperature-control system - Electrek [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Tesla Smart Summon isn't for use in public places, America - CNET [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- More On Tesla's Plan To Make Its Own Batteries - InsideEVs [Last Updated On: October 16th, 2019] [Originally Added On: October 16th, 2019]
- Older Teslas are reportedly running into an issue where the screen stops working and the car wont charge - Business Insider [Last Updated On: October 16th, 2019] [Originally Added On: October 16th, 2019]
- Green Cab Ditches Hybrids In Favor Of Teslas For Its Taxi Fleet - CleanTechnica [Last Updated On: October 16th, 2019] [Originally Added On: October 16th, 2019]
- This Tesla Faced Keying And Break-In Attempt On The Same Day - InsideEVs [Last Updated On: October 16th, 2019] [Originally Added On: October 16th, 2019]
- What it's like to rent Tesla Model 3 on Turo car-sharing app - Business Insider [Last Updated On: October 16th, 2019] [Originally Added On: October 16th, 2019]
- Tesla offers peek inside the Crash Lab that helped it win a safety award - Digital Trends [Last Updated On: October 16th, 2019] [Originally Added On: October 16th, 2019]
- Tesla (TSLA) Expected to Beat Earnings Estimates: Can the Stock Move Higher? - Yahoo Finance [Last Updated On: October 16th, 2019] [Originally Added On: October 16th, 2019]
- Is Tesla Still a Rule Breaker to Believe In? - The Motley Fool [Last Updated On: October 16th, 2019] [Originally Added On: October 16th, 2019]
- California's Power Outage Demonstrates the Biggest Flaw With Tesla's Plan to Sell Everyone an Electric Car - Inc. [Last Updated On: October 16th, 2019] [Originally Added On: October 16th, 2019]
- Tesla Update May Have Lowered The Model 3's Range As Well - InsideEVs [Last Updated On: October 16th, 2019] [Originally Added On: October 16th, 2019]
- Here's how Tesla's cars stack up against the best of the competition from the world's top automakers - Business Insider [Last Updated On: October 16th, 2019] [Originally Added On: October 16th, 2019]
- Tesla: Why Demand Could Be a Concern - Market Realist [Last Updated On: October 16th, 2019] [Originally Added On: October 16th, 2019]
- Why Tesla Stock Looks Better Than You Think - Barron's [Last Updated On: October 16th, 2019] [Originally Added On: October 16th, 2019]
- Tesla navigating land mines that zapped rivals - Fox Business [Last Updated On: October 16th, 2019] [Originally Added On: October 16th, 2019]
- Elon Musk says monster Tesla seen on racetrack will go into production by summer 2020 - Mashable [Last Updated On: October 16th, 2019] [Originally Added On: October 16th, 2019]
- Tesla Roadster Gets The A-Team Treatment In Retro Face Car Renders - InsideEVs [Last Updated On: November 1st, 2019] [Originally Added On: November 1st, 2019]
- Tesla: Are the Bears Reaching to Make a Negative Case? - Market Realist [Last Updated On: November 1st, 2019] [Originally Added On: November 1st, 2019]
- Will FCA-PSA Buy Tesla Batteries And Drivetrain? - InsideEVs [Last Updated On: November 1st, 2019] [Originally Added On: November 1st, 2019]
- What Does The Tesla Model 3 Have In Common With A Cheap Toyota Etios? - InsideEVs [Last Updated On: November 1st, 2019] [Originally Added On: November 1st, 2019]
- Teslas Q3 profit is being scrutinized by analysts and some dont like what they see - MarketWatch [Last Updated On: November 1st, 2019] [Originally Added On: November 1st, 2019]
- Did Tesla release an unfinished Smart Summon just to pull an accounting trick? - Digital Trends [Last Updated On: November 1st, 2019] [Originally Added On: November 1st, 2019]
- What Drove Teslas Surprise Third Quarter Profit? - Forbes [Last Updated On: November 1st, 2019] [Originally Added On: November 1st, 2019]
- Tesla will roll out a software update that will make the Model S even faster - BGR [Last Updated On: November 1st, 2019] [Originally Added On: November 1st, 2019]
- Tesla Demonstrates The Power Of The Internet Of Things - Forbes [Last Updated On: November 1st, 2019] [Originally Added On: November 1st, 2019]
- Tesla Is The Underdog In The Electric Car Revolution - Forbes [Last Updated On: November 1st, 2019] [Originally Added On: November 1st, 2019]
- Tesla Model S Plaid Spied Testing Aggressive Body At The Nurburgring - Motor1.com [Last Updated On: November 1st, 2019] [Originally Added On: November 1st, 2019]
- Hill and Holmes' impeachment testimony, Netanyahu's indictment and Tesla's 'Cybertruck' reveal: The Morning Rundown - NBCNews.com [Last Updated On: November 25th, 2019] [Originally Added On: November 25th, 2019]
- If Tesla and Ford Motor are about to wage war for the electric-car crown, you wouldnt know it from this exchange - MarketWatch [Last Updated On: November 25th, 2019] [Originally Added On: November 25th, 2019]
- The Brutalist Tesla Cybertruck is designed to instill fear and draw the battle lines on internal combustion - Electrek [Last Updated On: November 25th, 2019] [Originally Added On: November 25th, 2019]
- As electric cars and Tesla make headlines, this CEO is betting on charging stations - Fox Business [Last Updated On: November 25th, 2019] [Originally Added On: November 25th, 2019]
- Teslas strategy is incredibly risky but it still makes lots of sense - MarketWatch [Last Updated On: November 25th, 2019] [Originally Added On: November 25th, 2019]
- Watch Tesla test Model 3 by making it drive into water - Electrek [Last Updated On: November 25th, 2019] [Originally Added On: November 25th, 2019]
- Teslas Cybertruck Will Face These Five Electric Pickups in 2021 - Forbes [Last Updated On: November 25th, 2019] [Originally Added On: November 25th, 2019]
- Elon Musk explains why Teslas Cybertruck windows smashed during presentation - The Verge [Last Updated On: November 25th, 2019] [Originally Added On: November 25th, 2019]
- A Physics Analysis of Tesla's Shattered Cybertruck Windows - WIRED [Last Updated On: November 25th, 2019] [Originally Added On: November 25th, 2019]
- Here's The Main Problem With Tesla's Supercharger Network - Jalopnik [Last Updated On: December 7th, 2019] [Originally Added On: December 7th, 2019]
- More Teslas on the Road Meant Hours-Long Supercharger Lines Over Thanksgiving - The Drive [Last Updated On: December 7th, 2019] [Originally Added On: December 7th, 2019]
- Woman Arrested as Suspected Tesla Driver Who Killed Father of 4 in Pico-Union Hit-and-Run - KTLA Los Angeles [Last Updated On: December 7th, 2019] [Originally Added On: December 7th, 2019]
- Woman Surrenders in Rented Tesla Hit-and-Run Crash That Killed Father of Four - NBC Southern California [Last Updated On: December 7th, 2019] [Originally Added On: December 7th, 2019]
- Why the Cybertruck is a breakthrough for Tesla and designer Franz von Holzhausen - Business Insider [Last Updated On: December 7th, 2019] [Originally Added On: December 7th, 2019]
- Tesla Cybertruck is almost $20,000 cheaper than Ford F-150 over 5 years - Electrek [Last Updated On: December 7th, 2019] [Originally Added On: December 7th, 2019]
- Here's how the million-mile battery could lead to Teslas lasting a lifetime - Business Insider [Last Updated On: December 7th, 2019] [Originally Added On: December 7th, 2019]