Tesla's Musk Paid at Least $593 Million in Income Taxes in 2016
- Musk exercised options and sold stock to cover income taxes
- The chief executive didn’t cash in any additional shares
QuickTake: Elon Musk Living on the Edge
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One of the best-kept secrets of America’s billionaires is the size of their tax bills.
Tesla Inc. has provided a rare glimpse into this world, disclosing Thursday that its billionaire Chief Executive Officer Elon Musk paid at least $593 million in income taxes last year. He got hit with the big tax bill after exercising stock options that were set to expire at the end of 2016, a filing shows.