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Favorite Brand Paper

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Submitted By gutman
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Favorite Brand Paper
MKT/421
February 16, 2015

Favorite Brand Paper In marketing the most important factor is the brand value. Majority of customers prefer a particular brand and want to stick to it for a long time. This is the reason why every company spend legal amount of money in marketing their product so it can build relationship with customers which can stick to them for a long time. As far as my personal choice is concerned, I have many favorite brands for different requirements but for this paper I will chose my favorite brand which is Tesla Motors.
Explain a minimum of three reasons why you are passionate about this brand
Tesla Motors, Inc. is US based Company which designs, manufactures and sells electric cars and electric vehicles power-train components. Tesla, which was founded in 2003 by Martin Eberhard and Elon Musk, has pushed the envelope beyond what most automakers thought possible. The company's Silicon Valley-style "techpreneurship" enabled it to move faster, work more efficiently, and create ground breaking new ideas around sustainable mobility and automotive technology while proving that electric cars could be better than gasoline-powered cars.
Tesla has had a competitive advantage over auto industry rivals in design innovation since day one. Located in arguably the center of the world for technological innovation, Tesla was able not only to construct its vision of mobility in Silicon Valley, but also recruit its employees from many of the leading technology companies to design and build the car there as well.
According to Forbs magazine “The Model S was the first electric vehicle to ever receive Motortrend’s Car of the Year Award – one of the most coveted in the automobile industry. The panel gave a unanimous decision on this – something the Motortrend judges haven’t ever seen in their time there“. (Forbs, 2013) The teardown

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