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News@lemmy.worldEnglish · 2 months ago

Tesla Paid Zero Federal Income Tax in 2024, Despite $2.3 Billion in Income.

cross-posted to:
usa@lemmy.ml

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Tesla Paid Zero Federal Income Tax in 2024, Despite $2.3 Billion in Income.

Cat@ponder.cat to

News@lemmy.worldEnglish · 2 months ago

cross-posted to:
usa@lemmy.ml

Tesla Paid Zero Federal Income Tax in 2024, Despite $2.3 Billion in Income

This brings Tesla’s average tax rate over the past three years to 0.4 percent.

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JohnDClay@sh.itjust.works
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2 months ago
Because due to fancy accounting they haven’t made a profit? Reminds me of how movie studios can make even the most successful movies unprofitable on paper to get out of profit sharing deals.

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