Tesla Faces 100x EBITDA Gap to Unlock Musk's $1 Trillion Pay Package

Tesla's adjusted EBITDA sat near $3.27 billion in mid-2026 and was shrinking. Musk's $1 trillion pay deal, approved by shareholders in 2025, requires $400 billion in adjusted EBITDA by 2035 — roughly 100 times today's figure. Four other targets (20 million vehicles built, 10 million FSD subscribers, 1 million bots delivered, 1 million robotaxis deployed) also remain far off.