Risk Sleuth
TSLA · 10-K filed 29 Jan 2026 · year to 31 Dec 2025

Tesla

32 named things its latest annual report says its results depend on, each in the company's own words. 19 of them are also named by other companies we've read.

Suppliers

Panasonic

depends onnamed as a risk
Currently, we rely on suppliers such as Panasonic and Contemporary Amperex Technology Co. Limited (CATL) for these cells.Risk factors (Item 1A)

Also named by DOV, GNTX

Contemporary Amperex Technology Co. Limited (CATL)

depends onnamed as a risk
Currently, we rely on suppliers such as Panasonic and Contemporary Amperex Technology Co. Limited (CATL) for these cells.Risk factors (Item 1A)

Also named by BWA

Partners and platforms

Samsung

depends on
In 2025, we further expanded Cortex, our training cluster at Gigafactory Texas, and announced a new collaboration with Samsung to manufacture advanced semiconductors for AI inference and training in the U.S.Business (Item 1)

Also named by BBY, INTC, LII, RMBS

Other companies

Elon Musk

depends onnamed as a risk
We are highly dependent on the services of Elon Musk, Technoking of Tesla and our Chief Executive Officer.Risk factors (Item 1A)

Places

China

operates innamed as a risk
Our operations in such jurisdictions, particularly as a company based in the U.S., with additional manufacturing operations in China and Europe, create risks relating to conforming our products to regulatory and safety requirements and charging and other electric infrastructures; organizing local operating entities; establishing, staffing and managing foreign business locations; attracting local customers; navigating U.S. and foreign government taxes, regulations and permit requirements; enforceability of our contractual rights; trade restrictions, customs regulations, tariffs and price or exchange controls; and preferences in foreign nations for domestically manufactured products.Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Germany

operates in
Internationally, we also have manufacturing facilities in China and Germany, which allows us to increase the affordability of our vehicles for customers in local markets by reducing transportation and manufacturing costs and limiting the impact of unfavorable tariffs.Business (Item 1)

Also named by APO, AXGN, BF/B, CPRT, DASH, EBAY, GD, GDDY and 12 more

Hazards

Northern California earthquakes (Fremont Factory)

concentrated innamed as a risk
For example, our Fremont Factory and Gigafactory Nevada are located in seismically active regions in Northern California and Nevada, and our Gigafactory Shanghai is located in a flood-prone area.Risk factors (Item 1A)

Nevada earthquakes (Gigafactory Nevada)

concentrated innamed as a risk
For example, our Fremont Factory and Gigafactory Nevada are located in seismically active regions in Northern California and Nevada, and our Gigafactory Shanghai is located in a flood-prone area.Risk factors (Item 1A)

Shanghai flooding (Gigafactory Shanghai)

concentrated innamed as a risk
For example, our Fremont Factory and Gigafactory Nevada are located in seismically active regions in Northern California and Nevada, and our Gigafactory Shanghai is located in a flood-prone area.Risk factors (Item 1A)

Texas winter storms (Gigafactory Texas)

concentrated innamed as a risk
Moreover, the area in which our Gigafactory Texas is located experienced severe winter storms in the first quarter of 2021 that had a widespread impact on utilities and transportation.Risk factors (Item 1A)

Commodities and inputs

Chinese yuan

exposed to its price · $1.70 billionnamed as a risk
We transact business globally in multiple currencies and hence have foreign currency risks related to our revenue, costs of revenue and operating expenses denominated in currencies other than the U.S. dollar (primarily the Chinese yuan and euro in relation to our current year operations).Market risk (Item 7A)

Also named by ABT, ASO, BEN, CHRW, CROX, CYRX, DORM, ESI and 13 more

Aluminum

exposed to its pricenamed as a risk
Our products use various raw materials including aluminum, steel, lithium, nickel and copper.Business (Item 1)

Also named by AAON, ACHR, ALSN, AYI, BA, BALL, BF/B, BWA and 59 more

Steel

exposed to its pricenamed as a risk
Our products use various raw materials including aluminum, steel, lithium, nickel and copper.Business (Item 1)

Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more

Copper

exposed to its pricenamed as a risk
Our products use various raw materials including aluminum, steel, lithium, nickel and copper.Business (Item 1)

Also named by AAON, AGX, AMKR, APG, APH, APLD, BMI, BWA and 58 more

Euro

exposed to its pricenamed as a risk
We transact business globally in multiple currencies and hence have foreign currency risks related to our revenue, costs of revenue and operating expenses denominated in currencies other than the U.S. dollar (primarily the Chinese yuan and euro in relation to our current year operations).Market risk (Item 7A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Nickel

exposed to its pricenamed as a risk
In addition, the cost and mass production of battery cells, whether manufactured by our suppliers or by us, depends in part upon the prices and availability of raw materials such as lithium, nickel and/or other metals.Risk factors (Item 1A)

Also named by ALSN, ATI, BWA, CRS, FLS, HON, HWM, LNG and 4 more

Lithium

exposed to its pricenamed as a risk
In addition, the cost and mass production of battery cells, whether manufactured by our suppliers or by us, depends in part upon the prices and availability of raw materials such as lithium, nickel and/or other metals.Risk factors (Item 1A)

Also named by ALB, GM, SWK

Lithium-ion battery cells

depends onnamed as a risk
We are dependent on the continued supply of lithium-ion battery cells for our vehicles and energy storage products, and we will require substantially more cells to grow our business according to our plans.Risk factors (Item 1A)

Also named by ACHR, ONDS

Regulators

National Highway Traffic Safety Administration (NHTSA)

subject tonamed as a risk
Such collisions, whether involving Robotaxi vehicles or customer vehicles with driver assistance features engaged, are often subject of significant public attention, especially in light of NHTSA’s Standing General Order requiring reports regarding certain crashes involving vehicles with advanced driver assistance or autonomous driving systems.Risk factors (Item 1A)

Also named by CTOS, DORM, F, GM, PATK, PCAR, PII, THO

United Nations Economic Commission for Europe (UNECE) regulations

subject tonamed as a risk
In Europe and other countries that follow the regulations of the United Nations Economic Commission for Europe (“ECE countries”), some requirements restrict the design of both advanced driver-assistance and autonomous systems, which can compromise or prevent their use entirely.Business (Item 1)

Federal Energy Regulatory Commission (FERC)

subject to
The Federal Energy Regulatory Commission (“FERC”) has also taken steps to enable the participation of energy storage in wholesale energy markets.Business (Item 1)

Also named by AA, AEE, AEP, AM, AMRC, AR, ARES, ATO and 62 more

Laws and programs

IRC Sections 48, 48E and 25D tax credits

subject to · between 6% and 50% of qualified expenditures
Pursuant to the IRA, as modified by the OBBBA, under Sections 48, 48E and 25D of the Internal Revenue Code (”IRC”), standalone energy storage technology is eligible for a tax credit between 6% and 50% of qualified expenditures, regardless of the source of energy, which may be claimed by our customers for storage systems they purchase or by us for arrangements where we own the systems.Business (Item 1)

One Big Beautiful Bill Act (OBBBA)

subject tonamed as a risk
For example, provisions of the OBBBA could affect battery cell expenses and impact costs for our consumers, negatively impacting demand.Risk factors (Item 1A)

Also named by AA, ABR, ADI, ADM, ALB, AMAT, AMGN, AMKR and 121 more

General Data Protection Regulation (GDPR)

subject tonamed as a risk
For example, the General Data Protection Regulation applies to the processing of personal information collected from individuals located in the European Union requiring certain data protection measures when handling, with a significant risk of fines for noncompliance.Risk factors (Item 1A)

Also named by A, AB, ABNB, ADBE, ADP, AGX, AIOT, AJG and 100 more

Inflation Reduction Act of 2022 (IRA)

subject tonamed as a risk
These IRA incentives were subsequently substantially curtailed by the One Big Beautiful Bill Act (the “OBBBA”) enacted on July 4, 2025, which repeals individual consumer tax credits for electric vehicles and residential energy property, and imposes more stringent eligibility requirements, accelerated phase-outs, and termination of certain provisions, although some of the IRA incentives remain available under the revised requirements.Business (Item 1)

Also named by ABBV, APD, ARE, BKH, DD, DHR, ELV, ENPH and 30 more

U.S. import tariffs

exposed to its pricenamed as a risk
U.S. trade policy alterations in 2025, including heightened import tariffs and subsequent retaliatory measures, have impacted our supply chain costs, and may impact the availability of certain technologies or components, depending on the exact scope of the tariffs ultimately implemented and retaliatory export controls.Risk factors (Item 1A)

Also named by AOS, APLD, BJ, BMI, CAVA, CVLG, CVS, DKS and 18 more

Automotive regulatory credits

earns fromnamed as a risk
Governmental and regulatory actions, such as the OBBBA, have restricted certain regulatory credit programs tied to our products.Business (Item 1)

Federal Motor Vehicle Safety Standards (FMVSS)

subject tonamed as a risk
In the U.S., our vehicles are subject to regulation by the National Highway Traffic Safety Administration (“NHTSA”), including all applicable Federal Motor Vehicle Safety Standards (“FMVSS”) and the NHTSA bumper standard.Business (Item 1)

U.S. state dealer franchise laws

subject tonamed as a risk
While we intend to continue to leverage our most effective sales strategies, including sales through our website, we may not be able to sell our vehicles through our own stores in certain states in the U.S. with laws that may be interpreted to impose limitations on this direct-to-consumer sales model.Risk factors (Item 1A)

Net metering

subject tonamed as a risk
The benefit available under net metering has been or has been proposed to be reduced, altered or eliminated in several jurisdictions, and has also been contested and may continue to be contested before the Federal Energy Regulatory Commission.Risk factors (Item 1A)

California Self Generation Incentive Program

earns from
In addition, California and a number of other states have adopted procurement targets for energy storage, and behind-the-meter energy storage systems qualify for funding under the California Self Generation Incentive Program.Business (Item 1)

Technology

North American Charging Standard (NACS)

earns from
We offer Supercharger access to non-Tesla vehicles in support of our mission, with all major automakers announcing their adoption of the North American Charging Standard (NACS) in certain markets.Business (Item 1)