Tesla's Musk says he will pay over $15b in taxes this year
Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China on Jan 7, 2019.
PHOTO: Reuters file
PUBLISHED ONDecember 20, 2021 7:59 AM
Electric-car maker Tesla Inc's Chief Executive Officer Elon Musk said on Sunday (Dec 19) on Twitter that he will pay more than US$11 billion (S$15 billion) in taxes this year.
Earlier this week, Democratic US Senator Elizabeth Warren took to Twitter to say that Musk should pay taxes and stop "freeloading off everyone else" after Time magazine named him its "person of the year".
Musk responded by saying that he "will pay more taxes than any American in history this year".
Musk is the world's richest person and his company Tesla is worth about $1 trillion. Over the last few weeks, Musk has sold nearly $14 billion worth of Tesla shares.
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