Updated
The most significant concentration Tesla discloses is Panasonic and CATL, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: Tesla’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1A: 'we rely on suppliers such as Panasonic and Contemporary Amperex Technology Co. Limited (CATL) for these cells. We have to date fully qualified only a very limited number of such suppliers and have limited flexibility in changing suppliers.'”
“10-K Item 1A: 'Our products contain thousands of parts purchased globally from hundreds of suppliers, including single-source direct suppliers, which exposes us to multiple potential sources of component shortages.'”
Tesla's disclosed concentration risk sits entirely on the supply side and is high-sized across both data points. The company relies on suppliers such as Panasonic and Contemporary Amperex Technology Co. Limited (CATL) for battery cells, having to date fully qualified only a very limited number of such suppliers, which leaves Tesla with limited flexibility in changing suppliers — a dependency exposure specific to the battery cell supply chain that underpins vehicle production. More broadly, Tesla's products contain thousands of parts purchased globally from hundreds of suppliers, including single-source direct suppliers, which exposes the company to multiple potential sources of component shortages. These two exposures compound one another rather than standing independently: the battery cell dependency on Panasonic and CATL is the more acute and specific of the two, since batteries are a core, high-value input with few qualified alternative suppliers, while the broader single-source supplier base across thousands of parts represents a wider but more diffuse operational risk — any one of many single-source relationships failing could interrupt production somewhere in the vehicle. Neither exposure is customer- or revenue-mix concentration; both describe supply chain fragility, meaning Tesla's production continuity is the more relevant sensitivity here than demand or customer concentration.
For the engine’s reasoning on TSLA’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| LCID | Lucid Group, Inc. | 2 | 1 | 0 | 3 |
| GM | General Motors Company | 2 | 0 | 0 | 2 |
| TSLA● | Tesla, Inc. | 2 | 0 | 0 | 2 |
| RIVN | Rivian Automotive, Inc. | 1 | 3 | 0 | 4 |
| F | Ford Motor Company | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.