Tesla, the electric car company led by former Trump administration special government employee Elon Musk, released its annual financial report Thursday, showing that it doubled its yearly income in 2025 over the previous year and brought in $5.7 billion.
The company, whose CEO spent several months rooting out what he claimed was fraud and waste across the federal government, reported “precisely zero current federal income tax” on the billions it made, according to an analysis by the Institute on Taxation and Economic Policy (ITEP).
The group explained that Tesla used accelerated depreciation, reducing the value of its capital assets, while also slashing its tax bill with tax breaks for its executive stock options
Rules for thee, but not for me.
I dont understand why people are not more upset about this and rioting. I guess everyone is just burnt out tbh.
Somehow the oligarchs who steal from us managed to comvince the masses that some poor and exploited immigrants are the problem.