Tesla, the electric vehicle manufacturer based in Texas and led by CEO Elon Musk, reported a federal tax bill of $0 for 2025, continuing a trend where it has owed no taxes for most of the past two decades despite generating $264 billion in U.S. revenues. A Reuters investigation revealed that Tesla's substantial tax savings stem from profit shifting through its subsidiaries in the Netherlands and Singapore, where they reported $18 billion in profits that went untaxed. This maneuver is estimated to have saved the company over $400 million in U.S. taxes. Despite Musk's public disdain for tax loopholes, his company's practices appear to contradict his statements. Experts consulted by Reuters confirmed that while Tesla's tax strategies are controversial, they do not violate any laws. The analysis highlights the complexities of multinational tax practices and the challenges in tracing corporate profits across jurisdictions. Tesla's foreign operations, particularly through Tesla Motors Netherlands, have contributed significantly to its financial structure, although recent filings suggest a potential shift in how profits are reported, with more than 90% of global profits in 2025 anticipated to come from the U.S.