Tesla paid $0 in taxes in wake of the One Big Beautiful Bill Tax Act (OBBBA) that was signed into law by Trump.
Disgusting. And I don’t want to hear the billionaire propaganda about “businesses don’t pay taxes because they just pass it on to the customer”. That is such bullshit. If Tesla could get away with charging more for their hellfire-inferno-death-traps, you better believe they already would be charging more. How many low and middle income families could have their entire tax burden eliminated if the billionaires and their corporations paid their taxes? Or this money could be used to expand programs to help the 99%. In a just world billionaires and their corporations would be taxed at a far, far higher rate than the 99% but let’s just get them to at least start paying at an equal rate.
What was their profit?
Why would they? Tax is for us proles, not for those with everything already
Profit is actually an easily manipulated number if you employ PwC to do your accounts.
$5,700,000,000 is raw profit, not revenue.
\^ Textbook economic illiteracy and ignorance.
How could ITEP know this if Tesla has not even filed their 2025 taxes yet?
Could there be a more uninformed take.
Elons got like 700 kids. He probably filed his 1099ez Jan 1st to get those earned income child credits as quick as possible.
It's an absurd number. It puts them just behind Ford in 2025 profit. There's no way Tesla did that without some interesting accounting or shenanigans.
Isn't Ford just about at the same 'real size' as Tesla? I'm not saying the numbers are or aren't correct, but at least seems reasonably in the ballpark depending on how much Elon has bee distracted f'ing up his other companies.
Remember this next election when republicans claim we need lower corporate tax rates and keep pushing the entire tax burden on working class
Since no one seems to have mentioned it, businesses can pull forward years where they lost money to offset future revenue. So heavy R&D companies often will have years of massive losses, which they will then use when they are making profits to reduce their taxes. That offset won't last forever.
Ford sells about 2.5 times as many vehicles globally as Tesla
Ah shit, I thought the numbers were much closer than that. Not because I thought Tesla was bigger, I thought Ford was smaller.
FRAUD
Lol, ""you don't understand the billionaries and their companies care about Regular Joe, that's why they pay low wages, 0 taxes, and are investing everything in IA and robotics so they never pay a human worker ever again"
Hell, the tax revenue could be used to expand alternative energy sources. Something Tesla used to pretend they cared about. Now it's all robots, non-existent taxis, and propping up fascist regimes across the globe.
Some of you people are really out of touch with reality.
Cool.
Tesla is a fraudulent grift. Elon is a degenerate knob.
Even worse, Elon got a heap of government funding for ai in other accounting buckets.
As if to try to fulfill your own request
FSD Subscriptions, FSD purchases and their energy segment. You can’t really compare total sales of vehicles to each other and expect them to a good indicator.
If you tax businesses more your 401k appreciates slower and you retire later. Those businesses are owned by us all
Hey buddy what’s your 401k hold?
Yep lmao just how Reddit is business bad stock market bad
Hey buddy, what’s in your 401k? If businesses do better so does your retirement
If by "us all" you mean "us millionaires". 93% of the stock market is owned by just the top 10% richest people. You own crumbs, if even that.
Their depth of understanding is very myopic so the reality that is economics completely eludes them. They just let their envy take over.
If a tax "burden" is expected and the norm, the markets would react accordingly and stock prices would still go up. Sit down and learn how markets work.
I own crumbs, I’m in college that’s expected. I’m 19 with 24k in the market. But I have a full ride and I’m going for a nice and fancy degree, that won’t always be the case. Also I don’t like to brag about this really but my parents are worth mid 7 figures so I’ll end up in that 10% one way or the other tbh
On a long term scale, sure. In the short term, the fact that we now have the big beautiful bill that lets businesses pay jack shit in taxes directly made your 401k appreciate. When you see one of the companies you own a chunk of do well, you shouldn’t start whining about the rich.
That's what happens when you're a con artist with a con artist in the white house. The government PAYS YOU to scam, as long as the president gets a piece.
Would Ford 2025 include a HUGE write off for dropping EV production? It’s tough to compare them for that and other reasons (such as Tesla losing clean air credits calendar Q4).
Ford will incur some level of write off though I still figure our EBIT to be 6.5B - 7.0B, figure 3500 profit sharing after tax, but we'll know more later this month when earnings are released.
Ford don't get half the handouts and subsidies Tesla do.
As Tesla make bugger all off their cars.
In most other countries in the world, the taxation would be around 15-20%. But not the US. No wonder why poor people has to pay for their own hospital bills, since the government aren´t taxing those who should be taxed.
you got downvoted but this is generally true as far as it goes. https://fred.stlouisfed.org/graph/?g=1Rt6P shows corporate profits vs tax paid, both in 2023 dollars, showing they are clearing another $1T+/yr vs 2008 while having the same tax burden. but your analysis fails in more detail since the minimal tax burden corporations face incentivize them to extract more since it essentially comes tax-free and thus hits the share price via dividends or buy-backs, rewarding management at the expense of their employee, their customers, and even the long-term run of the company.
"K-shaped economy" mean anything to you?
K shaped economy is something poor people say to justify why they are poor, not because of their own poor choices and mediocre life paths
This is why we can’t have nice things
BMW is approximately the same 'size' as Tesla
Exactly
I’m 100% confident that Elon doesn’t believe in global warming. He never talks about it
401k’s are on a long term scale and on the short term, this company in particular is not valued based on accounting metrics. If it was it would have gone bankrupt ages ago
Changes in the macro environment AFTER you bought in matter, things that were there before you bought and after you sold don't matter. You buy stock without tax cut implemented -> stock rises 5% due to tax cut -> 25 years later you still are up 5% extra is not the same as You buy stock with tax cut already implemented (5% premium) -> 25 years later the stock still has that 5% premium I know tesla is a POS, don't worry. It's also coincidentally not the only company who got a tax cut from the "businesses get massive tax cuts" bill.
great news for people that stop contributing to their 401k’s for 25 years until retirement
I mean if you’re gonna play that game you might as well also bring up profit margins but car sales are obviously important here
Future contributions don’t matter. If you had any investment at all prior to the positive macro change, that investment will appreciate and that effect will remain until the macro change reverses.
future contributions will have the 5% premium in your scenario
Yes they will, but that premium is never leaving. It’s just a part of the price now
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