Tesla Motors Inc TSLA 3.69% has gotten a lot of criticism for its aggressive spending in recent years, but there is certainly one thing that the company is not overspending on: advertising.
In a new email to investors, Global Equities Research analyst Trip Chowdhry discussed one astonishing metric about Tesla’s young business that should give Tesla bulls reason for optimism.
While other car companies are spending between $248 and $3,325 in advertising per car sold, Tesla is spending just $6 per car.
“Tesla Power and Leverage is unprecedented,” Chowdhry told investors. “$6 of Ad Spent per Vehicle for the product generating more than $8 Billion in revenues and more than $14 Billion in bookings is unheard of in the Industry.”
According to Global Equities Research, Toyota Motor Corp (ADR) TM 3.52% and Honda Motor Co Ltd (ADR) HMC 2.75% have…
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