Advertising will add costs for Tesla, but may not provide much benefit.
Advertising raises awareness for products, but at this point how many new car buyers are unaware of Tesla (TSLA 9.68%)? This is what Travis Hoium explores in the video below.
*Stock prices used were end-of-day prices of May 19, 2023. The video was published on May 22, 2023.
Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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