Trump's Proposed Corporate Tax Cuts Could Boost Tesla's FY25 EPS by 4%, Says Analyst

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Trump's Proposed Corporate Tax Cuts Could Boost Tesla's FY25 EPS by 4%, Says Analyst - Benzinga

Quick Summary:

The Future Fund Managing Partner Gary Black said on Monday that a potential reduction in the corporate tax rate would help boost EV maker Tesla Inc.’s (NASDAQ:TSLA) earnings per share by $0.12 for FY25.

Given that half of Tesla’s pre-tax profit comes from the U.S., a drop in this tax rate from 21% to 15% could add $0.12 to Tesla’s EPS in this fiscal year, marking an increase of about 4%, Black said.

Black’s comment comes on the heels of Trump pledging that his administration will cut the corporate tax rate to 15% for companies building their products ...