Auto industry spent less on advertising in 2022; Tesla already spends $0
Teslarati
SEPTEMBER 19, 2022
Although Tesla spends $0, the decline in ad spending could be an indicator of troubles for an industry trying to compete with Tesla’s EV lead. Reuters reported that the auto industry’s ad spending fell to $4.8 billion between January and July 2022 or 4% year-on-year. Compared with the same period in 2019 ($5.50
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