Tesla's CEO, Elon Musk, shared a post that highlighted the ambitious ultimate objective of his 2025 compensation plan: reaching an Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $400 billion. To put this into perspective, in 2022, Saudi Arabian Oil Company (Saudi Aramco) reported a record-breaking annual EBITDA of $238.24 billion. This remarkable achievement was fueled by a confluence of factors, including soaring global oil prices, a surge in sales, geopolitical tensions, a post-pandemic rebound in demand, and robust refining profit margins. Saudi Aramco's EBITDA figure towers over those of other major corporations; for instance, ExxonMobil's EBITDA for 2022 stood at $102.59 billion, while NVIDIA's for the fiscal year 2024 reached $34.48 billion. Musk acknowledged that realizing this lofty goal is no small feat but urged investors to purchase Tesla stock and join him in observing the company's ascent. He is confident that, despite the inevitable hurdles, with unwavering dedication and hard work, the target will ultimately be within reach.
