Abstract
Tesla is an American Automobile company founded in 2003 and has been an ever-growing brand in terms of its revenues and sales since its early days of inception in the market. The entire marketing strategy of Tesla is done digitally, and very less or almost negligible amount is spent on traditional marketing methods. The entire promotion of the brand and its various products is done through the various online social media platforms like Facebook, Twitter, Instagram and YouTube. In fact, 70% of the company’s sales are done online. There are significant differences in the designing and the availability of the retail outlets as compared to the other big brands in the industry. This paper presents a detailed study of unique and innovative marketing strategies of Tesla for making its presence in the market.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Moritz M, Redlich T, Krenz P, Boxbaum-Conradi S, Wulfsberg J (2015) Tesla motors Inc.: pioneer towards a new strategic approach in the automotive industry along open-source movement. IEEE Eng Manage Rev 43(4):103–112. https://doi.org/10.1109/emr.2015.7433690. Accessed 20 July 2021
Mangram M (2012) The globalization of Tesla Motors: a strategic marketing plan analysis. J Strategic Market 20(4):289–312. https://doi.org/10.1080/0965254x.2012.657224. Accessed 10 July 2021
Thomas V, Maine E (2019) Market entry strategies for electric vehicle start-ups in the automotive industry—lessons from Tesla Motors. J Clean Prod 235:653–663. https://doi.org/10.1016/j.jclepro.2019.06
Global EV sales for 2019 now. In: Tesla Model 3 totally dominated (2020) InsideEVs. Available: https://insideevs.com/news/396177/global-ev-sales-december-2019/. Accessed 17 July 2020
Brown D (2020) Usatoday.com. Available: https://www.usatoday.com/story/tech/2019/04/26/tesla-software-updates-feel-like-new-car-mode-list/2882449002/. Accessed 21 July 2020
Marks I (2020) Elon Musk and Tesla going all-in on online sales: let’s see what the data has to say about it. Available: https://www.similarweb.com/corp/blog/. Accessed 22 July 2020
Krebs S (2016) Silent by design? Tesla's Model S and the discourse on electric vehicle sound. Sound Stud 2(1):93–95. https://doi.org/10.1080/20551940.2016.1154406. Accessed 2020
Wang J (2020) Marketing plan for Tesla Motors; Model S. Academia.edu. Available: https://www.academia.edu/31944850. Accessed 06 July 2021
Todd J, Chen J, Clogston F (2020) Creating the clean energy economy. Analysis of the electric vehicle industry. Iedconline.org. Available: https://www.iedconline.org/clientuploads/. Accessed 15 July 2021
China’s Electric-vehicle market plugs in (2020) Available: https://www.mckinsey.com/~/media/McKinsey/. Accessed 20 July 2020
Endsley M (2017) Autonomous driving systems: a preliminary naturalistic study of the Tesla Model S. J Cogn Eng Decis Making 11(3):225–238. https://doi.org/10.1177/1555343417695197. Accessed 16 July 2020
Kissinger D (2020) Tesla Inc.’S marketing mix (4Ps) analysis - Panmore Institute. Available at: http://panmore.com/tesla-motors-inc-marketing-mix-4ps-analysis. Accessed 3 July 2020
Koetsier J (2020) Tesla spends zero on ads. Here's where BMW, Toyota, Ford, and Porsche spend digital Ad dollars. Forbes. Available: https://www.forbes.com/sites/johnkoetsier/2019/05/06/tesla-spends-zero-on-ads-heres-where-bmw-toyota-ford-and-porsche-spend-digital-ad-dollars/#5da9507e11d4. Accessed 15 July 2020
Luck I (2020)How Tesla used a $0 marketing strategy to dominate a market. Market Strategy. Available: https://www.marketingstrategy.com/marketing-strategy-studies/. Accessed 09 July 2020
Khemchandani A (2020) 15 lessons to learn from Tesla's marketing strategy. SEO and Content Marketing Blog – Growfusely. Available: https://growfusely.com/blog/teslas-marketing-strategy-lessons/. Accessed 14 Jul 2020
Manecuta A (2020) Tesla: how to leverage social media to build a top brand. Medium. Available: https://medium.com/@13alexm/tesla-how-to-leverage-social-media-to-build-a-top-brand-b7a043da68ff. Accessed 05 July 2020
Hogan M (2020) Social media marketing highlight: Tesla and Elon Musk. Stunning Strategy. Available: https://www.stunningstrategy.com/social-media-highlight-tesla-elon-musk/. Accessed 14 July 2020
Folschette C (2020) [UPDATED 2020] Tesla’s marketing strategy shows that it’s time for CEOs to get social. Talkwalker. Available: https://www.talkwalker.com/blog/tesla-marketing-strategy-social-ceo. Accessed 09 July 2020
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2023 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
About this paper
Cite this paper
Pathak, P., Yadav, V., Pillai, S., Das, S., Kansal, G. (2023). Unveiling the Success Behind Tesla’s Digital Marketing Strategy. In: Dutta, P., Chakrabarti, S., Bhattacharya, A., Dutta, S., Piuri, V. (eds) Emerging Technologies in Data Mining and Information Security. Lecture Notes in Networks and Systems, vol 491. Springer, Singapore. https://doi.org/10.1007/978-981-19-4193-1_24
Download citation
DOI: https://doi.org/10.1007/978-981-19-4193-1_24
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-19-4192-4
Online ISBN: 978-981-19-4193-1
eBook Packages: Intelligent Technologies and RoboticsIntelligent Technologies and Robotics (R0)