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One platform for global traditional assets
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Musk scorned ‘shady’ loopholes, yet offshore tax tricks likely saved Tesla hundreds of millions
Despite Elon Musk’s public disdain for “shady” tax loopholes, Tesla has reportedly utilized offshore tax strategies that likely saved the company hundreds of millions of dollars. This news comes after Musk stated during a campaign event with Donald Trump that he often rejects proposals for tax avoidance due to their questionable nature. The report suggests a discrepancy between Musk’s public statements and Tesla’s financial practices.