Understanding corporate income tax reporting : Tesla's electrifying ride to profitability /
Tesla Inc. is a U.S.-incorporated multinational company run by Elon Musk, which designs, manufactures, and sells electric cars. Since its founding, Tesla has challenged industry norms and first gained widespread attention with production of the high-performance Tesla Roadster, the first fully electr...
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| Format: | eBook |
| Language: | English |
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London :
SAGE Publications: SAGE Business Cases Originals,
2022.
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| Series: | SAGE Business. Cases.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | Tesla Inc. is a U.S.-incorporated multinational company run by Elon Musk, which designs, manufactures, and sells electric cars. Since its founding, Tesla has challenged industry norms and first gained widespread attention with production of the high-performance Tesla Roadster, the first fully electric sports car, following this vehicle with its Model S, Model X and, most recently, the Model 3, a car targeted for mass markets. Tesla's change and innovation has come at a cost; despite its growth, Tesla has never earned an annual profit and has an accumulated deficit of USD 5.4 billion as of December 31, 2020. However, as of their 2020 fiscal year end Tesla has achieved positive net income for six consecutive quarters. This case offers an opportunity to understand the terms and components of corporate income tax reporting with a specific focus on the tax consequences of loss-generating companies and a chance to explore the future tax implications as a company shifts towards profitability. |
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| Physical Description: | 1 online resource. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781529774702 1529774705 |