…no member of the Progressive-Democratic Party can be trusted in any way. Elizabeth Warren (D, MA), for instance, in her letter to Businessman Elon Musk, who’s working the additional duty [sic:] of pro bono member of DOGE’s leadership, claimed that:

American taxpayers will shoulder the burden of tax cuts for Tesla, and they deserve answers about your efforts to secure massive tax breaks for billionaire corporations[.]

Here are some facts underlying Tesla’s income tax liability:

• much of Tesla’s $7.1 billion in net income last year doesn’t come from selling electric vehicles, solar panels, or battery storage
• $2.8 billion came from the sale of regulatory credits to other auto makers that need to comply with government EV mandates
• $1.6 billion in interest income on cash and short-term investment holdings. [Progressive-]Democrats can thank the Biden inflation for allowing companies to earn higher interest on their cash holdings
• Tesla recorded nearly $600 million in book income from price appreciation in its bitcoin holdings, but this is akin to an unrealized capital gain
• [Tesla] lost money every year it was in business from 2003 until 2020. All companies are allowed to carry forward net operating losses to offset future tax liabilities
• [Progressive-Democrats] exempted most net operating losses from the Inflation Reduction Act’s 15% corporate alternative minimum tax, including categories that include Tesla’s loss carry forward
• Tesla recorded $625 million from tax credits for its electric vehicles and $756 million for its solar and energy storage business last year

o these tax credits can also be carried forward to offset future tax liabilities
o Tesla had $1 billion in renewable energy tax credits on its books at the end of last year

Warren, and all of her Party cronies, are well aware of these things. Warren, and her cronies in Party, lie.