Tesla Owners Pick Models From These 3 Auto Companies If They Move On
Portfolio Pulse from Chris Katje
A new survey from S&P Global reveals that Tesla Inc (NASDAQ:TSLA) has a high customer loyalty rate, with 59.9% of Model S owners and 72.8% of Model 3 owners buying another Tesla vehicle. However, some Tesla owners are moving on to other brands, with the most popular choices being Lucid Air from Lucid Group Inc (NASDAQ:LCID), Rivian R1T from Rivian Automotive Inc (NASDAQ:RIVN), and Mercedes-Benz EQS from Mercedes-Benz ADR (OTC:MBGYY). The upcoming release of Tesla's Cybertruck could potentially increase its customer loyalty.
September 19, 2023 | 5:12 pm
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Tesla's high customer loyalty rate is a positive sign, but the fact that some customers are switching to other brands could be a concern. The upcoming Cybertruck could potentially boost loyalty.
The high customer loyalty rate indicates strong brand loyalty, which is positive for Tesla. However, the fact that some customers are switching to other brands could potentially impact Tesla's market share. The upcoming release of the Cybertruck could potentially boost customer loyalty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Lucid Air is one of the popular choices for Tesla owners who decide to switch brands.
The fact that Lucid Air is a popular choice for Tesla owners who decide to switch brands indicates that Lucid Group is a strong competitor for Tesla.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Mercedes-Benz EQS is a popular choice for Tesla owners who decide to switch brands.
The fact that Mercedes-Benz EQS is a popular choice for Tesla owners who decide to switch brands indicates that Mercedes-Benz is a strong competitor for Tesla.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Rivian R1T and R1S are popular choices for Tesla owners who decide to switch brands.
The fact that Rivian R1T and R1S are popular choices for Tesla owners who decide to switch brands indicates that Rivian Automotive is a strong competitor for Tesla.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50