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Analysis argues Tesla's tax havens help power Elon Musk's wealth [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Andrea Guzmán 5 min read In this article: Tesla Model Y cars are seen at Tesla Giga Texas in Austin on Feb. 20. Tesla Model Y cars are seen at Tesla Giga Texas in Austin on Feb. 20, 2026. An analysis by Oxfam, an international anti-poverty nonprofit, argues Tesla's pay structure, tax practices and political influence have helped drive Elon Musk's soaring wealth while worsening inequality. (Jay Janner/Austin American-Statesman) Elon Musk , who currently has a net worth of roughly $659 billion , is taking the meaning of ultra-wealthy to new heights. The Tesla CEO's fortune far exceeds that of the next wealthiest person — Larry Page — whose net worth is about $262 billion. But according to a new report by global organization Oxfam, that wealth has been built in part through Tesla Inc.'s strategy of seeking tax havens and other tactics that financially benefit the company. Austin-based automaker Tesla has helped grow its CEO's fortune while boosting wealth and power inequality
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