TSLA · News · 20261030N

Income Tax Rate Changes

Tesla, Inc. · 2026-10-30 · Importance 3 · Surprise 6

A report by the Institute on Taxation and Economic Policy said Tesla was among 114 companies that paid no current federal income taxes last year. The report said more than 700 profitable corporations paid an average 10.4% in current federal income taxes, less than half the 21% statutory federal corporate tax rate. ITEP based its calculations on analyses of companies’ SEC-filed annual financial reports rather than IRS data.

Key facts

• ITEP reported that Tesla was among 114 companies that paid no current federal income taxes last year, based on its analyses of SEC-filed annual financial reports rather than IRS data. source