Tesla Paid Zero Federal Income Tax in 2024, Despite $2.3 Billion in Income

Tesla paid zero federal income tax in 2024 despite earning $2.3 billion, using tax avoidance methods like accelerated depreciation and U.S. tax credits. This is part of a broader trend enabled by the 2017 Tax Cuts and Jobs Act, which favors wealthy individuals and corporations. Advocates argue for fairer taxation to reduce wealth disparity and support the working class.