Tesla's Musk says he will pay over $11 billion in taxes this year

Monday, 20 December 2021 09:34

By Reuters

Electric-car maker Tesla Inc's Chief Executive Officer Elon Musk said on Sunday on Twitter that he will pay more than $11 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.

More from Business

UAE to develop a defence industrial free zone in Abu Dhabi

Al Selmiyyah, a suburb in Abu Dhabi, will turn into a zone that will be dedicated to advancing defence manufacturing in the UAE.
Apple settles lawsuit over late Siri AI features for $250 million

Apple has settled for $250 million on Tuesday in a shareholder lawsuit brought after the company delayed artificial-intelligence upgrades to its Siri voice assistant.
UAE plans to establish global defence manufacturing hub

The UAE is planning to establish a global defence manufacturing hub in partnership with South Korea’s LIG Defense and Aerospace.
UAE signs contract to purchase C-390 Millennium aircraft for air force

His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, has witnessed the signing of a contract to purchase C-390 Millennium aircraft for the UAE air force.
'Make it in the Emirates' sees strong local, international turnout

His Highness Sheikh Mansour bin Zayed Al Nahyan, UAE Vice President, Deputy Prime Minister and Chairman of the Presidential Court, attended the opening of the fifth edition of 'Make it in the Emirates' on Monday.

News

UAE condemns hostile Iranian statements
The UAE has strongly condemned a recent statement issued by Iran’s Foreign Ministry, and rejected allegations and threats targeting the country’s sovereignty, national security and independent decision-making.
UAE, Ghana leaders discuss economic growth, regional developments
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has met with the President of Ghana, John Dramani Mahama, who is on a working visit to the UAE.
UAE President marks Armed Forces unification anniversary with message of strength, unity
In a statement marking the 50th anniversary of the unification of the UAE Armed Forces, President His Highness Sheikh Mohamed bin Zayed Al Nahyan said the nation’s strength lies in its military, the unity of its society and the resilience of its development model.

Tesla's Musk says he will pay over $11 billion in taxes this year

More from Business

News

Our Shows

Quick Links

Listen on the Go

Tesla's Musk says he will pay over $11 billion in taxes this year

Share

More from Business

News

Our Shows

Quick Links

Listen on the Go