Did Elon Musk actually borrow money for rent?

“My proceeds from the PayPal acquisition were $180 million. I put $100 million in SpaceX, $70m in Tesla, and $10m in Solar City. I had to borrow money for rent.”

How much tax will Elon Musk have to pay?

He has now sold almost $13 billion in Tesla shares since October, which will be subject to income tax. Musk will have to pay at least $7.6 billion in taxes for 2021, according to CNN. That number could reach up to $15 billion, depending on how much more stock he sells.

What percentage of Tesla does Musk own?

17 percent
Mr. Musk still owns nearly 17 percent of Tesla’s stock, shares worth about $180 billion.

Is it better for Tesla to have debt or equity?

Also, equity is less risky compared to debt because Tesla does not have to repay the capital obtained through equity. The only downside to equity is that it dilutes the control of the company. For debt, Tesla needs to pay back not only the principal but also the interest portion.

Did Tesla get a federal loan?

The federal loan Tesla received was for $465.5 million and was granted in 2010 — the first recovery year after the 2009 financial crisis. As CleanTechnica reported in May 2013, that was paid back 9 years earlier than it had to be. While Tesla did receive a lot of aid from taxpayers, Tesla paid us back.

How did Tesla fund its balance sheet?

From the ratio, we can find out how Tesla funded its balance sheets, whether entirely by debts or by equity or equally both. Ideally, the capital structure of a company should be well balanced between debts and equity. For example, for every 1 dollar of equity, there is 1 dollar of debt.

How does Tesla’s capital structure stack up?

While there have been changes in Tesla’s capital structure, its balance sheet was still 60\% liabilities and 40\% equity as of 3Q 2020, indicating that Tesla still relies mainly on debt as its main source of capital. At this composition, Tesla’s leverage was moderately low at around $1.60 dollars of liabilities to $1.00 dollars of equity in 2020.