Tesla, Inc.

Tesla has a very strong balance sheet. As of mid-2025, it held roughly $36.8 billion in cash and short-term investments with almost no net bank debt (~$2 billion) – a net cash position of over $34 billion. This liquidity cushions shocks and funds expansions.

Operating cash flow is robust and, even after heavy capital spending, Tesla still generates positive free cash flow. Low leverage and high liquidity mean Tesla could withstand a sharp downturn. We thus score financial strength very high.