How Much Federal Income Tax Will Elon Musk’s Tesla Pay on $5.7 Billion in 2025 Revenue? $0 | Common Dreams
How Much Federal Income Tax Will Elon Musk’s Tesla Pay on $5.7 Billion in 2025 Revenue? $0 | Common Dreams
How Much Federal Income Tax Will Elon Musk’s Tesla Pay on $5.7 Billion in 2025 Revenue? $0 | Common Dreams
Elon Musk's Tesla raked in billions in profits, yet paid $0 in federal income tax in 2025. How is this fair? While hardworking Americans foot the bill, Tesla enjoys massive tax breaks. The system is b...
Tesla, the electric car company led by former Trump administration special government employee Elon Musk, released its annual financial report Thursday, showing that it doubled its yearly income in 2025 over the previous year and brought in $5.7 billion.
The company, whose CEO spent several months rooting out what he claimed was fraud and waste across the federal government, reported “precisely zero current federal income tax” on the billions it made, according to an analysis by the Institute on Taxation and Economic Policy (ITEP).
The group explained that Tesla used accelerated depreciation, reducing the value of its capital assets, while also slashing its tax bill with tax breaks for its executive stock options