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 […]
Tesla stock slides following big Q1 delivery miss
Tesla stock (TSLA) is tumbling after the EV maker reported a significant delivery miss for the first quarter. The Q1 delivery report comes after Tesla warned in January that its vehicle volume growth rate would be “notably lower” than in 2023. For Q1, Tesla reported 386,810 global deliveries, well below estimates of 449,080 as […]
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 […]
Tesla tops American University’s delayed 2023 ‘Made in America’ cars index
Tesla and Jeep took the podium in American University Kogod Business School’s 2023 “Made in America” index in what turned out to be a surprising — and delayed — reshuffling of the 2022 finishing order that puts Tesla on top (with five models in the top 10), with the previous year’s first-place entry, the Lincoln […]