Tesla Spends Less Than Apple On R&D In 2023, Says Investor: Elon Musk Hails 'Gigantic Differences In Effectiveness'
Portfolio Pulse from Anan Ashraf
Tesla Inc (TSLA) reported R&D expenses of about $4 billion in FY23, which is significantly lower than Apple's (AAPL) $29.92 billion and Microsoft's $27.2 billion in the same period. Elon Musk highlighted the effectiveness of Tesla's R&D spending in response to a comparison made by a Tesla investor, Sawyer Merritt. Musk considers the entire company as R&D, emphasizing innovation per dollar spent.
January 27, 2024 | 5:10 am
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POSITIVE IMPACT
Tesla's lower R&D spending compared to tech giants like Apple may be viewed positively due to Musk's emphasis on the company's R&D effectiveness and innovation.
Musk's comments could boost investor confidence in Tesla's ability to innovate efficiently with less R&D spending, potentially leading to a positive short-term impact on TSLA's stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Apple's significantly higher R&D spending compared to Tesla may raise questions about the effectiveness of its R&D investments.
While the article does not directly criticize Apple's R&D spending, Musk's comments could lead investors to reevaluate the returns on Apple's R&D investments, with a neutral short-term impact expected.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 50