Tesla's Vice President of Finance, Sendil Palani, addressed criticisms from Robert Reich regarding the electric vehicle maker's federal tax payments. After Reich claimed Tesla earned $2.3 billion in 2024 yet paid $0 in federal taxes, Palani defended the company's practices, stating Tesla follows all tax regulations globally. He highlighted that Tesla's operating loss carry-forwards, stemming from earlier unprofitability, explain the tax situation. This exchange underscores the ongoing scrutiny of Tesla's financial practices amid a polarized public perception of its CEO, Elon Musk.
"Tesla's income taxes are not an example of fraud. Tesla complies with all tax regulations in all of the regions of the world in which we operate."
"If you were to look at Tesla's 10-K, you could see the company's operating loss carry-forwards, which resulted from the long period when Tesla was unprofitable."
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