What's Hot

    Luxury Fashion Stocks: Have they reached their peak?

    May 26, 2023

    Cryptocurrency Market Update May 2023

    May 25, 2023

    WYNN: Wynn Resorts Limited, Company Stock Evaluation 2023

    May 24, 2023
    Facebook Twitter Instagram
    Twitter LinkedIn
    What the FinanceWhat the Finance
    Subscribe
    • NewsWire
    • Stock Market
    • Crypto
    • Investment Ideas
    • Global Economics
    • Charts
      • World Market Indices
      • Forex Market Live Prices
      • S&P 500
      • Cryptocurrency Prices
      • Fear & Greed Index
    What the FinanceWhat the Finance
    Home»NewsWire»Tesla (TSLA) Reverses Course, Plans to Start Advertising
    NewsWire

    Tesla (TSLA) Reverses Course, Plans to Start Advertising

    Tesla has always been involved in alternative marketing, now, its going mainstream
    Lucy WalkerBy Lucy WalkerMay 19, 2023No Comments3 Mins Read
    tesla advertising
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Tesla (TSLA) has long been known for its aversion to traditional advertising. The electric vehicle giant has instead relied on word-of-mouth and social media to spread the word about their vehicles. However, in a recent shareholder meeting, CEO Elon Musk revealed that Tesla is now planning to start advertising a little, as he put it, which is a complete reversal of the previous company policy and effective mantra.

    This move comes as no surprise given the current market trends and competition from other EV makers. As more companies enter the market, it is becoming increasingly important for Tesla to differentiate itself from the competition and reach more potential buyers. Advertising offers an effective way to do this.

    Experts believe that this move could have a positive impact on Tesla’s stock price in both the short and long term. In the short term, it already showed a 1% upward movement, straight after the news was released and could lead to increased sales as more people become aware of Tesla’s offerings. In the long term, it could help build brand loyalty and create a larger customer base for Tesla which would result in higher revenues and profits over time for the electric car maker.

    TSLA Stock Price Movement

    TSLA 2023 05 18 02 32 13

    However, there are also some risks associated with this decision. If not done correctly, advertising can be expensive and may not yield desired results. Additionally, if competitors respond by increasing their own marketing efforts then it could lead to an increase in pricing pressure which would negatively affect Tesla’s margins. Which are already doomed to be affected by this move.

    Overall, while there are risks associated with this decision by Tesla, experts believe that it is a necessary step for them to remain competitive in the EV market and maintain their position as one of the leading players in this space. It goes to show that once a company hits a certain size, it needs all the marketing it can get to spread the message and maximize sales.

    Only time will tell how successful this strategy will be but investors should keep an eye out for any developments related to this decision as they may have an impact on TSLA’s stock price going forward. One thing is certain, with the CEO appointment on Twitter and the re-focus on Tesla, Elon Musk is showing that the downturn did not pass his attention.

    He is building so it does not happen again.

    Author Profile

    Lucy Walker
    Lucy Walker
    Lucy Walker is a journalist that covers finance, health and beauty since 2014. She has been writing for various online publications.
    Latest entries
    • fashion stocksInvestment Ideas2023.05.26Luxury Fashion Stocks: Have they reached their peak?
    • Crypto Market May 2023Crypto2023.05.25Cryptocurrency Market Update May 2023
    • Wynn Resorts (WYNN)Stockmarket Watch2023.05.24WYNN: Wynn Resorts Limited, Company Stock Evaluation 2023
    • sar vs jpyForex2023.05.22Why Does the Saudi Arabian Riyal Keep Rising Against the Yen?
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleCrypto Market Update – Winners & Losers
    Next Article Why Does the Saudi Arabian Riyal Keep Rising Against the Yen?

    Related Posts

    G7 Summit Japan 2023: Global Economy in Challenging Path

    May 14, 2023Updated:May 14, 2023

    Why is the Stock Market Sentiment Bearish right now?

    May 11, 2023

    Twitter Verified Organizations Will Set You Back $12,000 A Year

    April 25, 2023Updated:April 25, 2023
    Add A Comment

    Leave A Reply

    Luxury Fashion Stocks: Have they reached their peak?

    May 26, 2023

    Cryptocurrency Market Update May 2023

    May 25, 2023

    WYNN: Wynn Resorts Limited, Company Stock Evaluation 2023

    May 24, 2023

    Why Does the Saudi Arabian Riyal Keep Rising Against the Yen?

    May 22, 2023
    Categories
    • Best Deals
    • Crypto
    • Forex
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Stockmarket Watch
    Recent Comments
    • Peter Williamson on G7 Summit Japan 2023: Global Economy in Challenging Path
    • what the finance on Bitcoin Just Broke $30,000. Is the Bull Run Incoming?
    • Peter williamson on Bitcoin Just Broke $30,000. Is the Bull Run Incoming?
    • Peter Williamson on How ChatGPT is Impacting the Economy
    • what the finance on GM, Chrysler Struggling to Survive
    Also Check Out

    What Next for Tesla and Elon Musk?

    May 5, 2023

    Space Stocks: The Growing Popularity of Investing in the Final Frontier

    May 17, 2023

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Your source for financial news. This is not financial advice. Our opinions are independent of any financial organizations.

    We're social. Connect with us:

    Twitter LinkedIn
    Top Insights

    Space Stocks: The Growing Popularity of Investing in the Final Frontier

    May 17, 2023

    How ChatGPT is Impacting the Economy

    April 5, 2023

    How To Find The Best Deals For Loans

    March 1, 2023
    Get Informed

    Subscribe to Updates

    Get the latest market news from What The Finance.

    Type above and press Enter to search. Press Esc to cancel.