Tesla Paid $0 in Taxes While Awarding Execs Billions, Joining Over 30 Other Major Corporations Skirting Federal Taxes
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Tesla paid $0 in federal income taxes from 2018-2022 despite earning $4.4B in profits. It also received $1M in tax refunds.
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Tesla paid its top 5 executives $2.5B over the same 5-year period.
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Tesla is one of 35 major US companies that paid execs more than they paid in federal taxes.
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Those 35 companies received $1.8B in tax refunds over 5 years while paying execs a total of $9.5B.
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18 of the 35 companies reported profits but paid $0 in federal income taxes, with all but one receiving refunds.