Reuters Reveals Tesla's $400M Tax Savings via Offshore Profit Shifts Despite Musk's Loophole Scorn

Reuters' latest analysis exposes Tesla Inc shifting $18 billion in profits to low-tax Dutch and Singapore units from 2023 to early 2025, likely saving over $400 million in U.S. taxes at a 21% rate. The electric vehicle giant reported a $0 federal tax bill for 2025 and just $48 million in 2023, despite $264 billion in U.S. revenues over 20 years and $6.4 billion in foreign taxes historically. Earlier today, similar reports highlighted IP and cost-sharing arrangements fueling the moves, raising reputational risks, regulatory scrutiny, and potential share pressure akin to Microsoft cases.