Read the story here. Advertise at Before It's News here.
Profile image
Story Views
Last hour:
Last 24 hours:

Auto industry spent less on advertising in 2022; Tesla already spends $0

% of readers think this story is Fact. Add your two cents.

The automotive industry spent less on advertising during the first seven months of 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 billion) the overall ad spending for the first seven months of 2022 was 12.7% less.

According to data from Standard Media Index (SMI) digital ad spending accounted for 52% of the total $4.80 billion spent. Perhaps the automotive industry is learning a lesson, here. The lesson is to not focus so much on Tesla and more on its own products.

For example, during the During Super Bowl LVI, Polestar paid for an advertisement that focused more on Tesla, Mars, and Elon Musk than it did on its own products. Yes, it may have mentioned its own brand and products, but its focus on Elon Musk and Tesla is what’s memorable about the ad.

On Twitter, a few executives of competing automotive and even software companies often take shots at Elon Musk, Tesla customers, and Tesla’s products and services. The focus of automakers on Tesla instead of its own products is noticed.

Automakers weren’t the only ones focusing on Tesla during the Superbowl. Salesforce also got in on the action but that was more or less focused on Elon Musk and Mark Zuckerberg. In stark contrast to these automakers’ spending on advertising, Tesla spends $0. Instead, Tesla spends more on research and development (R&D) than all of the other automakers.

According to a study by, Tesla recorded the highest R&D spend per car sold at $2,984 as of March 2022. Notably, the Stock Apps study backed up data published in October 2021 by Visual Capitalist which shared an R&D spending comparison between Tesla, Ford, Toyota, General Motors, and Chrysler.

Graph credit: Visual Capitalist

Reuters noted the decline in advertising coincided with inventory shortages, and fewer sales despite vehicle demand staying strong. Perhaps these automakers should consider spending more on R&D and focusing less on Tesla and Elon Musk.

Note: Johnna is a Tesla shareholder and supports its mission. 

Your feedback is important. If you have any comments, or concerns, or see a typo, you can email me at [email protected]. You can also reach me on Twitter at @JohnnaCrider1.

Teslarati is now on TikTok. Follow us for interactive news & more.

The post Auto industry spent less on advertising in 2022; Tesla already spends $0 appeared first on TESLARATI.


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Load more ...




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.