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Tesla's Musk says he will pay over $11 billion in taxes this year

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Reuters 

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Tesla CEO Elon Musk gestures as he visits the construction site of Tesla" s="" Gigafactory="" in="" Gruenheide="" near="" August="" Patrick="" Pleul="" Pool="" via="" Reuters="" File="" Photo="" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2021/reuters/12/20/122021_elon-musk.jpg"/><figcaption>Tesla CEO Elon Musk gestures as he visits the construction site of Tesla&#x27;s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. <em>Patrick Pleul/Pool via Reuters/File Photo/File Photo</em></figcaption></figure></div><p>Electric-car maker Tesla Inc&#x27;s Chief Executive Officer Elon Musk said on Sunday on Twitter that he will pay more than $11 billion in taxes this year.</p><p>Earlier this week, Democratic US Senator Elizabeth Warren took to Twitter to say that Musk should pay taxes and stop &quot;freeloading off everyone else&quot; after Time magazine named him its &quot;person of the year&quot;.</p><p>Musk responded by saying that he &quot;will pay more taxes than any American in history this year&quot;.</p><p>Musk is the world&#x27;s richest person and his company Tesla is worth about $1 trillion. Over the last few weeks, Musk has sold nearly $14 billion worth of Tesla shares.</p><div><strong>(Reporting by Shivam Patel in Bengaluru; Editing by Shounak Dasgupta)</strong></div><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/12/14/21/musk-named-time-magazine-person-of-the-year">Musk named Time magazine person of the year</a></li>	<li><a href="https://news.abs-cbn.com/business/12/15/21/ft-names-elon-musk-as-its-person-of-the-year">FT names Elon Musk as its &#x27;person of the year&#x27;</a></li></ul>

Electric-car maker Tesla Inc's Chief Executive Officer Elon Musk said on Sunday on Twitter that he will pay more than $11 billion in taxes this year.