An analysis of SEC filings by the Institute on Taxation and Economic Policy found that 706 profitable U.S. companies paid an average effective current federal tax rate of 10.4% last year, about half the 21% statutory rate, with 114 firms including Tesla, Walt Disney, United Airlines and DoorDash paying no current federal income tax. The report puts total subsidies captured by the group at $198 billion, with Alphabet, Microsoft, Amazon and Meta Platforms saving $46 billion combined from research and depreciation breaks. Corporate tax receipts fell about 15% to $381 billion in fiscal 2026 even as profits hit a record $4.7 trillion. The report's authors argue companies paying reduced rates pose a bigger revenue threat than those paying nothing, while critics say the breaks are legitimate bipartisan policy.
Original sourceTESLA INC
Public company snapshot, recent ticker-linked headlines, and a path into evidence-backed AI research.
Latest price
$399.81
-0.87%
Alpha Vantage · 10/30/2026
One-year price history
Adjusted daily closes · 252 observations · as of Oct 30, 2026
1 month
+12.9%
3 months
+24.1%
6 months
+2.3%
1 year
-9.2%
Year to date
-11.1%
52-week range
$298.32 – $489.88
Fundamental snapshot
Latest reported period: Sep 30, 2026
Market cap
$1.58T
P/E
491.1
P/B
17.7
P/S
15.3
Revenue
$103.57B
Net income
$3.22B
Diluted EPS
0.91
Gross margin
19.30%
Net margin
3.10%
Return on equity
3.80%
Total debt
$9.52B
Cash
$17.85B
Free cash flow
$3.3B
Latest eight reported quarters
Reported quarterly values, newest first
| Period | Revenue | Net income | Gross margin | Net margin | Free cash flow |
|---|---|---|---|---|---|
| Sep 30, 2026 | $28.05B | $787M | 19.60% | 2.80% | $1.53B |
| Jun 30, 2026 | $28.24B | $1.11B | 16.80% | 3.90% | -$1.09B |
| Mar 31, 2026 | $22.39B | $477M | 21.10% | 2.10% | $1.44B |
| Dec 31, 2025 | $24.9B | $840M | 20.10% | 3.40% | $1.42B |
| Sep 30, 2025 | $28.1B | $1.37B | 18.00% | 4.90% | $3.99B |
| Jun 30, 2025 | $22.5B | $1.17B | 17.20% | 5.20% | $146M |
| Mar 31, 2025 | $19.34B | $409M | 16.30% | 2.10% | $664M |
| Dec 31, 2024 | $25.71B | $2.32B | 16.30% | 9.00% | $2.03B |
Reported figures can reflect company reporting conventions, restatements, or sector-specific accounting. Verify against filings before relying on a valuation comparison.
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