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Tesla (TSLA) reveals $573M web of transactions between Elon Musk’s companies
Tesla's amended 10-K filing reveals $573 million in revenue from SpaceX and xAI in 2025, plus millions more flowing to The Boring Company, X, and Musk's security firm.
Summary
Tesla’s amended annual filing reveals the full scope of the financial web connecting Elon Musk’s companies — $573 million in revenue from SpaceX and xAI alone, plus millions more in expenses flowing to X, The Boring Company, and Musk’s personal security firm. The 10-K/A filing, submitted to the SEC on April 30, paints the most complete picture yet of how Musk’s corporate empire trades with itself.
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