Auto manufacturers operate in a capital-intensive industry, and it calls for exercising prudence laced with caution while making spending decisions.
To Spend Or Not To Spend: Expenditures of legacy automakers show they spend a disproportionate share of their operating costs on advertising to push their products, while EV pioneer Tesla Inc (NASDAQ:TSLA) has preferred to adopt a "zero-ad dollar" policy, Statista reported, citing data compiled by Visual Capitalist.
