‘It’s become a personality brand now’: Why Tesla’s brand perception is in a tricky spot as sales slump

Brands that are closely tied to public figures are tricky. If a public figure does something that changes the public’s perception of them, be it positive or negative, perception of their brand often follows. This looks to be the case for Tesla: Elon Musk has become a polarizing figure given his role in President Donald Trump’s administration and it looks like the ripple effects of that polarization are affecting the Tesla brand.

On Wednesday, Tesla’s first-quarter results showed a 13% drop in vehicle deliveries year over year, with the carmaker delivering almost 337,000 cars, down from roughly 387,000 cars during the same time period last year. While Tesla stock reportedly hit its “worst performance for any period since 2022” earlier this week, the stock has since rebounded following reports that Musk might be leaving his role in the government.

With that said, signs do point to brand sentiment dipping for Tesla. As of this week, some 15% of U.S. adults were considering purchasing a Tesla, down from 20% the week of March 24-30, according to data from Morning Consult. The data firm also noted that “negative buzz” around the brand has been growing since the first week of January, when 25% of respondents to a survey said they had heard or read mainly negative things about Tesla, to now, when 42% said the same.

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The Home Depot adds another acronym — ‘ROMO’ — in next phase of negotiating retail media network measurement

Marketers’ calls for more granular insights from retail media networks have reached a fever pitch as of late. Last January, the Interactive Advertising Bureau (IAB) and Media Rating Council (MRC) finalized retail media measurement standards, to which retailers like Instacart and others have aligned themselves with. Still, marketers question measurement, specifically: Would that sale have happened regardless of the ad?

In response, The Home Depot is pitching a new acronym: ROMO, or return on marketing objectives, in addition to return on ad spend (ROAS) to help marketers paint a more holistic picture of their campaign efficacy. 

Zach Darkow, senior director of marketing measurement at The Home Depot, floated the idea of ROMO to a room full of 350 suppliers, marketers and The Home Depot associates in Atlanta at its second annual InFronts presentation. InFronts is the retailer’s annual event to tout its retail media offering, Orange Apron Media, similar to upfront negotiations or digital media affairs the NewFronts that will kick off late this month and in May.

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