Tanja Kuehni, Elisa Lokmagozian, Andrew Mirto, Erik Sharp • • • • • • • • • The Product Marketing Objectives Value Proposition Product Position Competitors Marketing Mix Financial Plan Conclusion Questions https://lpo.energy.gov/projects/tesla-motors/ Tesla’s Model TRX Fully Electric Versatility, Power, Style 4 year or 50,000 mile warranty Same platform as Model S P85 ◦ ◦ ◦ ◦ Up to 265 miles range 416 horsepower Speed: Up to 130 MPH • • • • New, innovative product Green solution for truck market Growing market for electric vehicles Demand for better solutions socialmediatoday.com If you could change or add any characteristics to your vehicle, what would it be? Off road or towing capabilities 9% Better for the environment 30% Interior luxury 15% More room 18% Better mpg 82% 0% 10% 20% 30% 40% 50% 60% 70% (Kuehni, Lokmagozian, Mirto, & Sharp, survey, October, 2013) 80% 90% • • • • • • • Create customer value by responding to customer needs: (Better) MPG rate Luxurious interior More room Financial objectives: Sell 2,700 units in first year, 5,000 in second, 15,000 in third Break even by the end of the second quarter of the second year • • • • socialmediatoday.com Male Average Annual Household Income of $135,000 Outdoor-Oriented Perceived upper-middle class • • • More-for-more position High level of consumer value Base price of $75,000 • • • • • • www.breitbart.com Luxury vehicles Mercedes, BMW, etc. High performance pickup trucks Dodge, Ford Raptor, etc. Electric vehicles Nissan Leaf, Chevy Volt, Porche Panamera E-hybrid • • • • • • • Value and demand of an electric truck 2700 vehicles in the first year Break-even at 26 units Outdoor oriented males with $135,000 Value proposition and More-for-More Competition $75,000 with whipped cream and cherries on top personal selling and Advertising/PR https://lpo.energy.gov/projects/tesla-motors/ About Tesla. 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