Tesla Parked $18B in Singapore to Dodge US Taxes
A Singapore subsidiary that sold 6,633 cars over two years somehow booked $18 billion in profits.
That's 89% of Tesla's entire global operating income during that period, routed through a tiny office to avoid paying US taxes.
Musk is out here lecturing America about fiscal responsibility while running one of the most brazen profit-shifting schemes in corporate history.
Tesla funneled nearly all of its global profits through a Singapore shell to avoid US taxes, making a mockery of every word Musk has ever said about government waste.
Source
x.com