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Yet, the focus remains on fully electric vehicle manufacturers. The true financial landscape reveals that only one of these companies is operating profitably: Tesla. With an impressive free cash flow of $16.1 billion and minimal debt, Tesla stands out as a clear leader in the EV space. But who else is vying for a slice of this rapidly evolving market? Let's take an analytical look at companies beyond Tesla, assessing their financial health and position in the market.
The Winners: Tesla and Its Competitors
Tesla
- Free Cash Flow: $16.1 billion
Tesla's commanding cash flow positions it significantly ahead of its competitors. The company has effectively managed its debts and expenditures to create a strong financial foundation.