As of Q4'25, TSLA's cash and short-term investments reached 44.06B USD, while total debt stood at 8.38B USD. This marks the highest cash position in the period, with debt also at its peak for the timeframe covered. From Q1'23 to Q4'25, TSLA's cash and short-term investments demonstrated a strong upward trend, rising from 22.40B USD to 44.06B USD, nearly doubling over the period. Debt levels, while fluctuating, also increased overall—from 2.68B USD in Q1'23 to 8.38B USD in Q4'25—with notable jumps in 2024 and late 2025. The widening gap between cash and debt highlights TSLA's growing liquidity and balance sheet strength throughout these quarters.