Tesla Used Offshore Units to Shift 18 Billion in Profits
Tesla shifted $18 billion in profits to offshore units to cut U.S. tax bills. The strategy likely saved the electric automaker $400 million in federal taxes.
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Despite public statements from CEO Elon Musk criticizing complex tax loopholes, a detailed investigation suggests that TESLA INC has utilized offshore financial structures to significantly reduce its tax obligations. While the automaker reported a federal tax bill of zero dollars in the United States for 2025, a Reuters review of corporate filings across 14 nations reveals that the company moved substantial profits through subsidiaries in the Netherlands and Singapore.
