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Tesla has spent $200,000 advertising on Elon Musk's X so far [TechCrunch]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Since then, Tesla ads have showed up in places like Google search results, and on YouTube. But it was also increasingly apparent that Elon's car company was paying Elon's social media company to advertise, too. We now know how much Tesla paid X as it released its annual proxy statement on Wednesday morning, which includes a section on “related person transactions” the company has made. (Tesla has not disclosed how much it has spent on advertising overall.) Tesla has also paid X around $50,000 in 2023 and $30,000 through February 2024 for “commercial, consulting and support agreements.” Likewise, X paid Tesla $1 million in 2023 and around $20,000 through February 2024 for the same unspecified work. Tesla doesn't say exactly what those agreements entail, but the companies have reportedly shared or loaned employees following Musk's acquisition of X and his increased focus on building AI products at each business. Essentially, all of Musk's companies have engaged in transactions like
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- Stock market today: US futures hit pause with Fed in focus, Amazon earnings on deck [Yahoo! Finance][Yahoo! Finance]
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- Elon Musk goes ‘absolutely hard core' in another round of Tesla layoffs [Verge, The][Verge, The]
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