Tesla's trillion-dollar pay package for Elon "From the Heart" Musk appears to be all optics, as the goals that represent real progress for the company are as unattainable as the popularity he so craves.

In reality, Musk faces low odds of garnering any of the higher targets. Let's start with the operational side. Hitting almost all but one of them would require moonshots. For example, the robotaxi target requires achieving an active fleet of 1 million. Today, Tesla offers only an extremely limited pilot plan in Austin, and Waymo, the industry's largest player, has only 2,000 of the vehicles on the road. And the easiest Ebitda level stands at a towering $50 billion. Ringing the bell would likely require multiplying its current Ebitda run rate around fivefold. Yet Tesla's now going in the wr

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