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Autonomous Vehicles

Tesla — A Challenger Brand, The Ultimate Challenger Brand

Going up against Big Auto is no easy task. They’re seasoned players with deep pockets and political influence. But Big Auto companies continue to be complacent when it comes to their flailing electric vehicle programs. Their leaders cling to the gas pump, while Tesla [NASDAQ: TSLA] electrifies — blowing past the likes of GM, Ford, and even BMW to become the third-largest automotive brand by market capitalization. How did Tesla pull this off?

Originally published on EVANNEX.

Going up against Big Auto is no easy task. They’re seasoned players with deep pockets and political influence. But Big Auto companies continue to be complacent when it comes to their flailing electric vehicle programs. Their leaders cling to the gas pump, while Tesla [NASDAQ: TSLA] electrifies — blowing past the likes of GM, Ford, and even BMW to become the third-largest automotive brand by market capitalization. How did Tesla pull this off?

Tesla Model S at a charging station in Poland, by Zach Shahan | CleanTechnica.

Sankar Narayan writes in the Huffington Post, “Perhaps it’s something about the challenger brand, possessing a willingness to overcome substantial obstacles, whether they be technological, political or otherwise that positions Tesla to thwart its rival.”

To understand Tesla, you need to understand its leader. Do you happen to know his name? “The man at the helm of Tesla, Elon Musk, has on many occasions been likened to an extraterrestrial, here from another planet to wean the world of its unsustainable addiction to fossil fuels. However, his company’s forthright mission to, ‘accelerate the world’s transition to sustainable energy’, is a key differentiator.”

Tesla’s CEO, Elon Musk. Screenshot of Tesla video, modified by CleanTechnica.

And it’s not just vehicle electrification that makes the brand different. “Musk’s pledge to produce a Tesla that can drive itself unaided from Los Angeles to New York by the end of this year is the type of visionary thought that would not only take on a social imperative like renewables and emissions. In a world where autonomous vehicles can be summoned at-will, the game would be changed for low-income families, with the necessity of car ownership removed. Downtown carparks might free up again, making way for more housing in cities where there’s a shortage.”

Within the stodgy corporate culture of the auto biz, Tesla’s disruptive vision is refreshing. “A mission-driven organization is not something leaders can manufacture, couple this with a strong, founder-led culture and, like Musk, an organization can be very successful at delivering on its vision.”

Tesla Model S in The Sustainable City, by CleanTechnica| Kyle Field.

Alexander Potter, an analyst at Piper Jaffray Cos. and a professed Tesla owner, aptly encapsulates what captivates Tesla’s consumers and shareholders. “Tesla engenders optimism, freedom, defiance, and a host of other emotions that, in our view, other companies cannot replicate,” said Potter. “As they scramble to catch up, we think Tesla’s competitors only make themselves appear more desperate.”

Source: Huffington Post

 
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Written By

Matt is all about Tesla. He’s a TSLA investor, and he loves driving the family's Model 3, Model S, and Model X company cars. As co-founder of EVANNEX, a family business specializing in aftermarket Tesla accessories, he’s served as a contributor/editor of Electric Vehicle University (EVU) and the Owning Model S and Getting Ready for Model 3 books. He writes daily about Tesla and you can follow his work on the EVANNEX blog.

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