Tesla is proving that its investments in research and development (R&D) is a better investment than advertising. In October 2021,
“Tesla spends more on research and development than any other automaker. According to data presented by, the firm spends $2984 on R&D per car produced. That’s thrice the industry average of roughly $1,000 per car and higher than the collective R&D budgets of Ford, GM, and Chrysler per car.”“Tesla spends more than any other carmaker on R&D in order to maintain its lead in.
“Its vehicles are not only making strides in environmentalism. They’re also doing so in safety, speed, and technology integration. Elon Musk’s commitment to spending time developing new products and services is what makes Tesla successful.
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