The FY2024 10-K (filed 2025-01-30) keeps the same risk factor structure as FY2023 but adds two new headings and materially expands three existing ones.

New risk factors

1. Trade policy and tariffs. A standalone factor on changes to tariffs and trade agreements affecting imported components, in particular battery cells and materials sourced from China. FY2023 mentioned tariffs only in passing inside the supply chain factor.
2. Autonomy and robotaxi regulation. A factor stating that the planned unsupervised ride-hailing service depends on regulatory approvals that do not yet exist in most jurisdictions, and that the timeline is outside the company's control.

Expanded risk factors

• Key personnel. The factor on reliance on Elon Musk adds language about his time spent on other companies and outside activities, and states plainly that he does not devote his full time to Tesla.
• Energy storage. The Megapack factor adds dependence on LFP cell supply from a limited number of Chinese suppliers and the tariff exposure that creates.
• Product liability and Autopilot. New sentences on pending litigation and government investigations into driver assistance features, moving from a general statement to naming ongoing matters.

Nothing was removed. All FY2023 headings carry forward.

Sources Tesla 10-K, filed 2025-01-30, Item 1A, Risk Factors Tesla 10-K, filed 2024-01-29, Item 1A, Risk Factors

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