Tesla's Musk says he will pay over $11 billion in taxes this year
Reuters
Published Dec 19, 2021 10:11PM ET
Updated Dec 20, 2021 12:46AM ET
(Reuters) - Electric-car maker Tesla (NASDAQ:TSLA) Inc's Chief Executive Officer Elon Musk said on Sunday on Twitter (NYSE:TWTR) that he will pay more than $11 billion in taxes this year.
Earlier this week, Democratic U.S. 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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Written By: Reuters
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