As Tesla, Inc. (NASDAQ:TSLA) continued its stance against Super Bowl advertising, a bullish analyst on Sunday criticized the company’s short-sightedness.
What Happened: Gary Black of Future Fund pointed out that a 30-second Super Bowl ad slot costs $7 million, and to justify this expense, Tesla would need to sell 875 additional cars, assuming a gross profit of $8,000 per car.
“And the follow up interest from TSLA paying for a Super Bowl ad would be huge. Instead cuts price by $1,000 per Model Y in the US for a month ($40M spend),” he said. “Short-term vs. long-term thinking by mgmt.”
At $7M for a 30 second Super Bowl ad, ...