Tesla has increased its customer base. The lesson here is to maintain constant, open, two-way communication with the viewer. Additionally, it’s important to be quick to respond to comments and complaints on social media in order to build a loyal fan base. Musk’s social media promotions are important as Tesla at https://www.webull.com/quote/nasdaq-tsla doesn’t spend money on advertising. Musk is a favourite in the auto industry and is into YouTube.

Constantly updating offers is another way of improving the customer base. In Tesla’s case, what the company offers in exchange for recommendations often evolves. Through the end of October 2015, the Referral Program can earn $ 1,000 in new Tesla, Tesla services, or accessories for every purchase made with the referral. YouTuber Bjorn Nyland was the first person on the planet to introduce 10 people to Tesla through this program. She won a bonus of $ 10,000 on top of the $ 10,000 they received through a wire transfer and tour of the Tesla Giga factory and the model.

An incredible customer experience also means you can deliver the same information in the same positive tone no matter how the customer contacts the company. This wasn’t Tesla’s forte, as some of the biggest complaints from new car owners are related to Tesla’s sales strategy and delivery process. Some customers get old contact information. You need to make sure this is not the case in your company.

The referral program is similar to Tesla’s quest to make the car more affordable, but it is not cancelled. The company wants to remain buoyant and accessible, so we continue to make cars and do our best to reach our customers. Good experience. Ultimately, the business needs customers as backers, so the referral program needs to be visible to continue to attract word of mouth and media attention.

Positive Reviews from Everywhere

Following the same method as the Model 3, Tesla received positive reviews from media outlets such as MSN and Fox News, which helped spread the car reviews to many potential customers. It was a marketing ploy that was very cheap for Tesla. All they had to do was provide a car. Or, as with Fox’s review, they didn’t even have to – Fox turned to the Tesla owner. And he happily lent the author a car for noon.

Again, Tesla customers help promote Tesla products. Tesla is not a car company, but a technology company creating a technology platform. A bet on Tesla technology is a bet on new technology. In addition to selling cars, the company has built the infrastructure necessary for its operation. We are building a network of chargers, battery change stations, and filling stations. You can check more information like income statement at https://www.webull.com/income-statement/nasdaq-tsla.