Tesla discloses it spent $200,000 advertising on X [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
The car company that famously shuns spending money on advertising spent $200,000 advertising on X through February of this year, it disclosed in an SEC filing this week. It's not clear when the spending started, because Tesla doesn't break out any spending in 2023, as it does in other listings of what are called “related person transactions” in the filing. So it's possible that all $200,000 was spent in just the first two months of this year. X, formerly known as Twitter, has been hemorrhaging advertisers, its primary source of revenue, since Musk bought the platform in 2022. Sometimes advertisers have pulled out due to concerns about being associated with Musk's controversial comments , such as his retweet of a tweet in November that said Jewish communities push “hatred against Whites.” To which Musk commented in his retweet “You have said the actual truth.” While Musk later apologized for his tweet, calling it his “dumbest” ever social media post, he took shots at advertise
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