A first in the economic and financial history of the United States. Tesla boss Elon Musk will pay $11 billion in income tax. A peanut for the South African native credited with a fortune estimated at 239 billion dollars. The US tax administration considered the proceeds from the sale of a package of 7 billion shares made last year by the boss of Tesla to be income.
By exercising options on millions of shares of Tesla which allow him to obtain shares at a preferential price before reselling them at the market price if he exercises his option and by also selling for nearly 7 billion shares in 2021, Elon Musk was caught by the US tax administration.
However, if he is hit in the wallet as a taxpayer, the whimsical billionaire can breathe. His company, valued at $930 billion on the stock market, will pay no tax for the 2021 financial year.
