Tesla is so desperate for sales it’s started advertising, which Elon Musk famously said he ‘hates’
Tesla CEO Elon Musk. Ebrahim Noroozi/AP Tesla is finally resorting to ads — something Elon Musk has avoided for years. The company upped its ad spending to $6.4 million in 2023, The Wall Street Journal reported. Investors are losing patience with Tesla amid stiff EV competition and managerial chaos. Things are not going well for […]
Would-be Tesla buyers snub company as Elon Musk’s reputation dips
SAN FRANCISCO/LONDON — The ranks of would-be Tesla buyers in the United States are shrinking, according to a survey by market intelligence firm Caliber, which attributed the drop in part to CEO Elon Musk’s polarizing persona. While Tesla continued to post strong sales growth last year, helped by aggressive price cuts, the electric-vehicle maker is […]