There’s always money to burn
Bankruptcy for you and I is far different than bankruptcy for a corporation. Corps just get to shift things around and lay off a few people.
Capitalist Murica FtW!
Trickle down economics will save us all! Murica!
1) Highly likely that marketing bill was footed by Tesla 2) Tom Brady could be a large shareholder and did it for free ? Or maybe got paid in RSUs?
It’s known that Tesla doesn’t pay for marketing ever. Ever seen a Tesla branded commercial on TV? Elon even questioned the whole hertz deal. They just bought 100k Teslas online probably like everyone else. There was no discount.
Tesla pays for marketing. They do not pay for *traditional advertising*. Large difference.
Nov 9 (Reuters Breakingviews) - Hertz Global has had a phenomenal recovery from its pandemic woes. After going bankrupt in 2020, the rental car company has inked a $20 billion valuation, including debt, in its stock deal, which priced on Monday https://www.reuters.com/legal/transactional/hertz-goes-wheels-off-post-bankruptcy-listing-2021-11-09/
Bankruptcy doesn’t mean they have no money. It means they don’t want to pay their debt. So they have plenty of cash and will use that to try to drum up business
Hertz told musk we will get Tom to sit in a Tesla for a commercial, give us 100k Tesla. They then sold 20k Tesla and paid that money to Tom for the commercial.
investors poured money into it
raised a bunch of money
Hertz is a FAANGH
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Shareholders paid for it 😂