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.
The Tesla Inc. logo is pictured on a sign in Zrich, Switzerland, on November 13, 2023. Joan Cros / NurPhoto via Getty Images
Elon Musk’s Tesla paid a total of $0 in federal income taxes in 2024, new tax reports show, despite the company having raked in billions of dollars in income and being the most valuable car company in the world.
Citing Tesla’s year-end financial report released this week, the Institute on Taxati...
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