Autos

Elon Musk says he will pay over $11 billion in taxes this year

0


Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory. In Grünheide near Berlin, September 3, 2020.

Patrick Pleul | picture alliance | Getty Images

Elon Musk faces a hefty tax bill this year — possibly the biggest in U.S. history.

“For those wondering, I will pay over $11 billion in taxes this year,” the Tesla CEO tweeted on Monday.

That’s close to a CNBC estimate that Musk was set to pay a total of $12 billion in taxes in 2021.

Musk has sold off $14 billion worth of Tesla stock since early November, after asking his followers in a Twitter poll if he should sell 10% of his holdings. The response to that poll was a resounding “yes.”

But it’s likely Musk would have…



Source cnbc.com

0 0 votes
Article Rating

What homebuyers can do now to up their odds of success in the new year

Previous article

Goldman cuts GDP forecast after Sen. Manchin says he won’t support Biden’s ‘Build Back Better’ plan

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Autos