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Elon Musk scorned shady loopholes, yet offshore tax tricks likely saved Tesla hundreds of millions

Posted on April 20, 2026
By Business News Today
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Elon Musk scorned shady loopholes, yet offshore tax tricks likely saved Tesla hundreds of millions

Tesla has reportedly saved over 400 million dollars on US taxes. This was achieved through a financial maneuver involving its units in the Netherlands and Singapore. These units posted 18 billion dollars in profits that were not taxed in those countries. This practice allowed Tesla to reduce its tax bill in the United States.