I've seen nothing in Lucid sales figures that tells me their current ad campaign is succeeding.
Almost outselling Mercedes in their price class is no small feat. But point taken.
You won't hear arguments from me that their ads couldn't be better. I just don't think mentioning California is the problem.
Is Lucid doing a lot more ad buys in the California market than elsewhere? If not, then it's no more expensive to try to broaden the brand appeal beyond California by changing the ad content a bit.
I believe they are. At least, I've been told that California is an area of sharpest focus for the marketing team. And to me, the reasoning is sound.
I remember in the "beleaguered" years for Apple, I never saw a single ad for any Apple product anywhere near where I lived in Philadelphia. And all along the East Coast. But then I moved to San Francisco, (and remember this is long before the iPod, let alone the iPhone) and suddenly I saw Apple ads all over the place.
Whether or not Lucid could run slightly different campaigns in other markets? Sure? But again, it's not like the ads are saying "Hey, we're from California. Screw the rest of you.!" I really think watching a Lucid ad and being turned off by the California thing says a lot more about the person watching than the ad.
The last big commercial I remember for Lucid showed a couple driving to the Hamptons. Not exactly a west-coast message. Of course, that ad wouldn't have appealed to anyone in Florida, either.
I also think you're underestimating the size of the EV markets in some other states. The most recent EV registration data from the U.S. Department of Energy show that EV registrations in Florida and Texas together slightly exceed California registrations. And I can't think of two other states where "designed in California" would be a less appealing advertising strategy.
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I'm willing to bet Texas and Florida grew as a direct result of Elon moving his headquarters to Texas and moving his politics sharply right. Although Texas in particular has way more liberal cities than most people realize. EV sales were likely already doing better than average in both states prior to this move.
Tesla's move might be good overall for expanding the EV market. But like I said, let Tesla do the heavy lifting on converting people to EV. That's the only way they can expand at this point, as they've saturated the California market.
Meanwhile, Tesla abandoning California opened a massive opportunity for young startups like Lucid and Rivian who also happen to be located there.
Two states is stil more expensive than one. Getting almost double bang for your buck by focusing on one state still looks like the cheaper and better play to me. Having said that, I am sure rates in California are higher than in Texas and Florida, so maybe there's reason to move some money there? I'd need to see more data.
The other thing to remember about California is that by 2035, 100% of the market will be EV-only. And it's phasing ICE cars out in the interim years, so the percentages are guaranteed to go up rapidly over the next few. That's not happening in Florida or Texas anytime soon. Having a very strong brand presence in the one state where ICE cars will no longer exist is no bad thing.
Again. I'm saying short term, focusing on California makes sense to me. This is not a lifelong strategy. And I really don't think the California thing is particularly heavy-handed in their ads, anyway.