Get the latest tech news
Tesla Reported Zero Federal Income Tax on $2B of U.S. Income in 2024
Tesla reported $2.3 billion of U.S. income in 2024 but paid zero federal income tax. Over the past three years, the Elon Musk-led company reports $10.8 billion of U.S. income on which its current federal tax was just $48 million.
Tesla, the most valuable automaker in the world valued at over $1 trillion, did not pay any federal income tax last year. Over the past three years, the Elon Musk-led company reports $10.8 billion of U.S. income on which its current federal tax was just $48 million. Tesla saved half a billion in taxes last year using accelerated depreciation.
Or read this on Hacker News
