PROJECT
TESLA MOTORS
PERFORMANCE WITH A CLEAN CONSCIENCE DATE
15TH SEPT 2009
Monday, September 14, 2009
ALSET CONSULTANCY 1
Overview of Car Market 2003
2004
2005
2006
2007
2008
Size
405,328
419,470
440,583
474,717
517,041
552,846
Growth
-
3.49%
5.03%
7.75%
8.92%
6.92%
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Overview of Car Market 600000 480000 360000405,328
517,041 419,470
440,583
552,846
474,717
240000 120000 0 2003
2004
2005
2006
2007
2008
Number of cars in the Singaporean car market
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Overview of Car Market Major players: ➡
Toyota
➡
Honda
➡
Nissan
➡
Hyundai
➡
Mitsubishi
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Green Car Market 3 types of ‘green’ cars in the market: ➡
Toyota Prius
➡
Honda Civic Hybrid
➡
Lexus RX400
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History Named after Serbian electrical engineer Established in 2003 after many years of R&D Headquartered in Silicon Valley (San Carlos, CA) Launched the Tesla Roadster in 2008 Sells to North America and Europe
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Roadster First ever all-electric 2-seater sports car ‣ Runs up to 393km per charge ‣ 500 units delivered in June 2009 ‣
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Roadster 0-97km/h in 3.7s ‣ Top speed of 201km/h ‣ Cost of powering vehicle estimated at US$0.02 per mile ‣
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Comparison of Technology ELECTRIC Driven by electric motor(s) Does not use a petrol tank/ exhaust system Uses lithium ion rechargeable battery packs to drive the engine 4-8 hours for a full charge
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Comparison of Technology ELECTRIC
HYBRID
Driven by electric motor(s) Does not use a petrol tank/ exhaust system Uses lithium ion rechargeable battery packs to drive the engine 4-8 hours for a full charge
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Comparison of Technology ELECTRIC Driven by electric motor(s) Does not use a petrol tank/ exhaust system Uses lithium ion rechargeable battery packs to drive the engine 4-8 hours for a full charge
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HYBRID Dual engines - electric and conventional oil engine Electric power kicks in at low speeds/cruising Does not require charging Power split device - improves efficiency of oil engine
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Segmentation Segments
Price Sensitivity
MPV owners
Low/ Moderate
Family transport Daily use
Low/Moderate
Child safety Entertainment
High
Daily use Family transport
Moderate
Child safety Driving aids
Low
Daily use Leisure
High
4WD Suspension
Low
Business Leisure
High
Onboard computer Driving aids
Low
Leisure
High
Engine performance
Moderate/ High
Going ‘green’
Moderate
Moderate
>2,000 cc
Sedan owners 1,000-2,400 cc
SUV owners >2,000 cc
Luxury Sedans owners > 2,400 cc
Luxury Sports owners
Importance of Purpose of Usage Aesthetics
Importance of Functions
> 3,000 cc
Green Car owners
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Segmentation
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Segmentation Age
Household Income (monthly)
Personality/Behaviour
The ‘Care Bears’
30-60
$5,000-$7,000
Family-oriented, typical parents who ferry children, regular family outings, large family size
The ‘Super Dogs’
>18
$3,000-$5,000
Budget-conscious, older emptynesters, young singles/couples
The ‘Wild Hogs’
30-45
$4,000-$6,000
Sporty, rugged, adventurous, highly competitive, thrill-seekers
The ‘Elite Eagles’
>35
The ‘Auto Horses’ 35-55 The ‘Green Dolphins’
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>25
$8,000-$10,000 $20,000-$30,000 $4,000-$6,000
Status-conscious, middle aged, higher social standing, stable careers, brand-conscious Professionals, high-profile individuals, status-conscious, flamboyant, self-indulgent Environmentally-friendly, tech-savvy, trend-setters
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Targeting •
Which market strategy are we adopting?
•
Which market segment are we targeting?
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Targeting •
Which market strategy are we adopting?
•
Which market segment are we targeting? NICHE MARKET
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Targeting •
Which market strategy are we adopting?
•
Which market segment are we targeting? NICHE MARKET LUXURY SPORTS (AUTO HORSES)
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Targeting Age
Household Income (monthly)
Personality/Behaviour
The ‘Care Bears’
30-60
$5,000-$7,000
Family-oriented, typical parents who ferry children, regular family outings, large family size
The ‘Super Dogs’
>18
$3,000-$5,000
Budget-conscious, older emptynesters, young singles/couples
The ‘Wild Hogs’
30-45
$4,000-$6,000
Sporty, rugged, adventurous, highly competitive, thrill-seekers
The ‘Elite Eagles’
>35
$8,000-$10,000
The ‘Auto Horses’
35-55
$20,000-$30,000
The ‘Green Dolphins’
>25
$4,000-$6,000
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Status-conscious, middle aged, higher social standing, stable careers, brand-conscious Professionals, high-profile individuals, status-conscious, flamboyant, self-indulgent Environmentally-friendly, techsavvy, trend-setters
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Targeting Age
Household Income (monthly)
Personality/Behaviour
The ‘Care Bears’
30-60
$5,000-$7,000
Family-oriented, typical parents who ferry children, regular family outings, large family size
The ‘Super Dogs’
>18
$3,000-$5,000
Budget-conscious, older emptynesters, young singles/couples
The ‘Wild Hogs’
30-45
$4,000-$6,000
Sporty, rugged, adventurous, highly competitive, thrill-seekers
The ‘Elite Eagles’
>35
$8,000-$10,000
The ‘Auto Horses’
35-55
$20,000-$30,000
The ‘Green Dolphins’
>25
$4,000-$6,000
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Status-conscious, middle aged, higher social standing, stable careers, brand-conscious Professionals, high-profile individuals, status-conscious, flamboyant, self-indulgent Environmentally-friendly, techsavvy, trend-setters
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Targeting Justification: High prices are favoured among the richest car owners in Singapore First movers advantage in market with his unprecedented green technology Positive growth of Singapore car market for the past three years
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Targeting
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(A)
(C)
AUTO HORSES
GREEN DOLPHINS
(B)
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Targeting (A)
(C)
AUTO HORSES
GREEN DOLPHINS
(B)
!
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Targeting
!
Monday, September 14, 2009
(A)
(C)
AUTO HORSES
GREEN DOLPHINS
(B)
!
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Targeting (A)
(C)
AUTO HORSES
GREEN DOLPHINS
!
(B)
!
TESLA ROADSTER Monday, September 14, 2009
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Targeting (A)
(C)
AUTO HORSES
GREEN DOLPHINS
!
!
TESLA ROADSTER Monday, September 14, 2009
(B)
TESLA MODEL S 16
Positioning ❖
Perception by target segment: ★
Roadster should be positioned to portray novelty
★
Make use of exclusiveness to instill pride (being a trend-setter) by standing out of the crowd
★
Guilt-free drive/environmentally-friendly lifestyle
★
Ownership elevates social status
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Positioning
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Positioning ❖
Marketing Mix
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Positioning ❖
Marketing Mix ★
Price
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Positioning ❖
Marketing Mix ★
Price •
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Premium price - approximately S$480,000
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Positioning ❖
Marketing Mix ★
Price
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•
Premium price - approximately S$480,000
•
Attract the attention of the ‘Auto Horses’
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Positioning ❖
Marketing Mix ★
★
Price •
Premium price - approximately S$480,000
•
Attract the attention of the ‘Auto Horses’
Product
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Positioning ❖
Marketing Mix ★
★
Price •
Premium price - approximately S$480,000
•
Attract the attention of the ‘Auto Horses’
Product •
Monday, September 14, 2009
Emphasis on performance (comparable acceleration/top speed to a Ferrari)
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Positioning ❖
Marketing Mix ★
★
Price •
Premium price - approximately S$480,000
•
Attract the attention of the ‘Auto Horses’
Product
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Emphasis on performance (comparable acceleration/top speed to a Ferrari)
•
Breakthrough zero-emission electric propulsion system
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Positioning
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Positioning ❖
Marketing Mix
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Positioning ❖
Marketing Mix ★
Place
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Positioning ❖
Marketing Mix ★
Place •
Monday, September 14, 2009
Strategic location of showroom (D9, D10)
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Positioning ❖
Marketing Mix ★
Place
Monday, September 14, 2009
•
Strategic location of showroom (D9, D10)
•
Proximity to residences of the ‘Auto Horses’
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Positioning ❖
Marketing Mix ★
Place
Monday, September 14, 2009
•
Strategic location of showroom (D9, D10)
•
Proximity to residences of the ‘Auto Horses’
•
Exclusive distributorship
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Positioning ❖
Marketing Mix ★
★
Place •
Strategic location of showroom (D9, D10)
•
Proximity to residences of the ‘Auto Horses’
•
Exclusive distributorship
Promotion
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Positioning ❖
Marketing Mix ★
★
Place •
Strategic location of showroom (D9, D10)
•
Proximity to residences of the ‘Auto Horses’
•
Exclusive distributorship
Promotion •
Monday, September 14, 2009
Exclusive by-invitation-only pre-launch (focused on the ‘Auto Horses’)
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Positioning ❖
Marketing Mix ★
★
Place •
Strategic location of showroom (D9, D10)
•
Proximity to residences of the ‘Auto Horses’
•
Exclusive distributorship
Promotion
Monday, September 14, 2009
•
Exclusive by-invitation-only pre-launch (focused on the ‘Auto Horses’)
•
High-key advertising campaign with focus on new, unrivaled technology
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TESLA ROADSTER Monday, September 14, 2009
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ELECTRIFY YOUR DRIVE TESLA ROADSTER Monday, September 14, 2009
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AND REMEMBER.....
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THANK YOU PRESENTED BY: ALSET CONSULTANCY - SARAH TAN - JENN LIM - CHIN HUI SHAN - DON SHUN - ALOYSIUS ANG
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