Tesla Spends ZERO On Advertising. The Old Brand's Spend $25+ BILLION. Are They WASTING Their Money In 2021?

One of the many mind-blowing things about Tesla is that they got where they are spending virtually ZERO on advertising.

Yet, as we speak the old brands are blowing OVER $25B a year. And even with all that money being spent, Tesla has a higher value than all of them.

So our question is does advertising deliver a good ROI (return on investment) in 2021?

What would your recommendation to the old brands be re: ad budgets?

Volkswagen, Ford, GM, Toyota, and BMW collectively spend $25B+ on advertising each year.@elonmusk says Tesla will always spend $0 on advertising.

The result?

Tesla is worth more than the 9 largest car companies combined.

Here are 16 takeaways from their marketing playbook ?? pic.twitter.com/nReTYOPoAW

— Alex Garcia ?? (@alexgarcia_atx) August 7, 2021