Posted 3/14/2024, 2:50:00 PM
Tesla Profits $4.4 Billion from 2018-2022 But Avoids Paying Federal Income Taxes, Gains Tax Refund and Benefits from Government Support
- Tesla paid $0 in federal income taxes from 2018-2022 despite earning $4.4 billion in profits over those 5 years
- Tesla received a $1 million tax refund from the government during that time period
- Tesla is able to avoid taxes by carrying forward past losses to offset current profits and by shifting profits to offshore tax havens
- Tesla paid CEO Elon Musk $2.5 billion in compensation from 2018-2022
- Tesla benefits from government subsidies, grants, and loans even as it dodges paying taxes
