As of Q1'26, TSLA's cash and short-term investments reached $44.74B, marking a slight increase from $44.06B in Q4'25 and reflecting continued liquidity strength. In contrast, debt stood at $9.23B, up from $8.38B in the prior quarter, indicating a modest rise in leverage amid ongoing operations. Over the period from Q2'23 to Q1'26, cash and short-term investments exhibited a robust upward trend, growing from $23.08B to $44.74B with intermittent fluctuations—such as a dip to $26.86B in Q1'24—driven by operational cash flows and investments, resulting in an overall compound annual growth rate exceeding 20%. Debt levels showed volatility but trended higher overall, expanding from $2.33B to $9.23B, with notable spikes in Q2'24 ($7.75B) and Q1'26, suggesting increased borrowing for expansion while maintaining a healthy net cash position of approximately $35.51B in the latest quarter.