As Tesla price cuts concede billions in sales, investors push Elon Musk to finally spend on ads
Publishing timestamp: 2023-10-14 09:20:53
Summary
Some investors and analysts are urging Tesla to start advertising as its unit growth slows and price cuts impact revenue. They believe that advertising could help boost sales and highlight the features and advantages of Tesla vehicles. However, Tesla CEO Elon Musk has been hesitant to spend on major media campaigns and has focused on cost-cutting and price reductions. The debate continues as to whether advertising or price cuts are the better strategy for Tesla's growth.
Sentiment: MIXED
Keywords: business news, ford motor co, autos, tesla inc, elon musk, advertising, general motors co,