Lucid's New Referral Program Takes A Page From Tesla's Playbook: Details Here
Portfolio Pulse from Anan Ashraf
Lucid Group, Inc. (NASDAQ:LCID) has launched a new referral program in the United States, similar to Tesla's. New customers can receive a discount of up to $1,250 on having a referral link from an existing Lucid user. Existing Lucid owners will get credited points which they can use to redeem for branded gear, vehicle accessories, or limited-edition products.
October 24, 2023 | 3:14 am
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POSITIVE IMPACT
Lucid's new referral program could potentially increase sales and customer loyalty, which may have a positive impact on the company's stock.
Referral programs are a proven marketing strategy to attract new customers and retain existing ones. By offering discounts and rewards, Lucid is likely to increase its customer base and sales, which could positively impact its stock price in the short term.
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