Tesla Inc.

Tesla holds $29 billion in cash and short-term investments with manageable debt levels. Operating cash flow was $14.9 billion last year. The balance sheet is healthy, though free cash flow has tightened due to heavy capital expenditures on new factories and the Optimus program.

Revenue grew 12% to $97 billion, but automotive revenue growth slowed to 6% as EV competition intensified. Energy storage was the bright spot, growing 67% year-over-year. Vehicle deliveries were roughly flat at 1.81 million units.

Tesla trades at a P/E ratio of about 97, meaning you are paying $97 for every $1 earned. This is extremely expensive compared to both the auto industry (average ~8x) and tech (average ~30x). The valuation assumes massive future growth from robotaxi, AI, and energy.

Tesla shares have rallied strongly, up over 13% in three months. The stock is trading above its 50-day and 200-day moving averages, supported by excitement around the robotaxi launch timeline and Optimus robot progress.

Analyst opinion is split. Bulls point to the robotaxi program, energy business, and AI potential. Bears worry about slowing vehicle deliveries, margin pressure from price cuts, and increasing competition from Chinese EV makers. This is one of the most debated stocks on Wall Street.