{"slug":"tesla","name":"Tesla","name_en":"Tesla","ticker":"TSLA","updated_at":"2026-07-12T03:46:42.897839+00:00","canonical":"https://valuechain.wiki/tesla","same_as":["https://finance.yahoo.com/quote/TSLA","https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1318605"],"citable":"밸류체인 그래프 기준 Tesla의 직접 연결 기업은 14곳(관계 기준 공급 14·매출 0)이고, 사슬을 2차까지 넓히면 65곳에 닿는다. 링크의 근거 출처는 17건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, Tesla is directly linked to 14 companies (14 supply, 0 revenue relationships) and reaches 65 companies within two hops; the links are backed by 17 dated sources, 1 of them primary filings (as of 2026-07-12).","kicker":"나스닥 · 피지컬 AI 수요 정점 · 휴머노이드 Optimus","kicker_en":"NASDAQ · Physical-AI demand apex · Optimus humanoid","lead":"전기차·에너지 기업이자 휴머노이드 Optimus로 피지컬 AI의 수요 정점을 노리는 노드로, 감속기·모터·AI칩·배터리 등 방대한 부품 체인을 끌어당기는 수요 허브다. 2025년 Q3 실적에서 Optimus 연 100만대 생산과 대량생산 시 단가 $2만을 제시하고 2026년 양산형 Gen 3를 예고했는데, 이 목표가 하모닉드라이브·나브테스코 감속기와 니덱 모터 등 상류 수요를 선행 자극한다. 다만 현 매출 본체인 EV는 판매 둔화 국면이라, FSD·로보택시·Optimus의 실현 속도가 EV 성숙을 상쇄할 수 있느냐가 핵심 논점이다.","lead_en":"An EV and energy company that aims — via the Optimus humanoid — to be the demand apex of Physical AI, a demand hub pulling in a vast component chain of reducers, motors, AI chips and batteries. On its Q3 2025 call it set a 1M-units/year Optimus target and a ~$20k unit price at scale and pre-announced a mass-production Gen 3 in 2026, and that target front-loads upstream demand for Harmonic Drive and Nabtesco reducers and Nidec motors. But with EVs — its current revenue core — in a sales slowdown, the key question is whether the pace of FSD, robotaxi and Optimus can offset EV maturation.","segments":{"parts":[{"desc":"현 매출 본체이나 판매 둔화 국면 — CATL·LG엔솔·파나소닉 등에서 배터리 조달.","name":"전기차"},{"desc":"메가팩·파워월 ESS — LG엔솔·삼성SDI·BYD LFP 셀을 대량 조달.","name":"에너지·저장"},{"desc":"연 100만대·단가 $20k 목표. 감속기(하모닉·나브테스코)·모터(니덱)·AI칩 부품 체인을 끌어당기는 수요 정점.","name":"Optimus 휴머노이드"}],"total":"Optimus 연 100만대 목표(단가 $20k)","concentration":"피지컬 AI 수요 정점. 감속기·모터·AI칩 조달."},"segments_en":{"parts":[{"desc":"The current revenue core but in a sales slowdown — sources batteries from CATL, LG Energy Solution, Panasonic and others.","name":"EVs"},{"desc":"Megapack/Powerwall energy storage — sources large volumes of LFP cells from LG Energy Solution, Samsung SDI and BYD.","name":"Energy/storage"},{"desc":"1M-units/yr, ~$20k target; a demand apex pulling in a component chain of reducers (Harmonic, Nabtesco), motors (Nidec) and AI chips.","name":"Optimus humanoid"}],"total":"Optimus 1M units/yr target ($20k)","concentration":"Physical-AI demand apex; sources reducers, motors, AI chips."},"returns_yearly":{"2021":49.8,"2022":-65,"2023":101.7,"2024":62.5,"2025":11.4,"2026":-9.3},"return_asof":"2026-07-10","value_chain":{"leading":[],"benefiting":[{"slug":"harmonic-drive","name":"Harmonic Drive","name_en":"Harmonic Drive Systems","tier":1,"returns_yearly":{"2021":-42.7,"2022":-2.5,"2023":-16.1,"2024":24.9,"2025":-23.8,"2026":132.3}},{"slug":"panasonic-energy","name":"파나소닉 에너지","name_en":"Panasonic Energy","tier":1,"returns_yearly":{"2021":-5.7,"2022":-1.6,"2023":20.1,"2024":16.6,"2025":36.2,"2026":113.2}},{"slug":"nabtesco","name":"Nabtesco","name_en":"Nabtesco","tier":1,"returns_yearly":{"2021":-22.8,"2022":9,"2023":-22.3,"2024":0.4,"2025":54.1,"2026":30.9}},{"slug":"nidec","name":"Nidec","name_en":"Nidec","tier":1,"returns_yearly":{"2021":-26.8,"2022":-28.4,"2023":-21.9,"2024":-1.7,"2025":-17.4,"2026":20.6}},{"slug":"fanuc","name":"FANUC","name_en":"FANUC","tier":1,"returns_yearly":{"2021":-16.5,"2022":4.4,"2023":-8.1,"2024":15.6,"2025":37.7,"2026":15.3}},{"slug":"nvidia","name":"NVIDIA","name_en":"NVIDIA","tier":1,"returns_yearly":{"2021":125.5,"2022":-50.3,"2023":239,"2024":171.2,"2025":38.9,"2026":13.3}},{"slug":"samsung-sdi","name":"삼성SDI","name_en":"Samsung SDI","tier":1,"returns_yearly":{"2021":-19,"2022":15.8,"2023":-45.7,"2024":-40.2,"2025":75.7,"2026":11.3}},{"slug":"catl","name":"CATL","name_en":"CATL","tier":1,"returns_yearly":{"2021":67.4,"2022":-21.4,"2023":-40.6,"2024":74.5,"2025":39.4,"2026":1.2}},{"slug":"ganfeng","name":"Ganfeng Lithium","name_en":"Ganfeng Lithium","tier":1,"returns_yearly":{"2021":12,"2022":-17.4,"2023":-56.1,"2024":0.1,"2025":108.3,"2026":-21.8}},{"slug":"kioxia","name":"키옥시아","name_en":"Kioxia","tier":2,"returns_yearly":{"2025":1082.1,"2026":260.5}},{"slug":"micron","name":"Micron Technology","name_en":"Micron Technology","tier":2,"returns_yearly":{"2021":24.2,"2022":-45.9,"2023":71.9,"2024":-1,"2025":240.2,"2026":243.3}},{"slug":"murata","name":"Murata","name_en":"Murata Manufacturing","tier":2,"returns_yearly":{"2021":-14,"2022":-11.7,"2023":24.7,"2024":-16.5,"2025":29.9,"2026":217.4}},{"slug":"nanya-pcb","name":"난야PCB","name_en":"Nan Ya PCB","tier":2,"returns_yearly":{"2021":110.6,"2022":-46.7,"2023":-0.5,"2024":-38.3,"2025":188.2,"2026":213.4}},{"slug":"ase","name":"ASE테크놀로지","name_en":"ASE Technology","tier":2,"returns_yearly":{"2021":38.3,"2022":-12.8,"2023":60.9,"2024":10.1,"2025":65.6,"2026":167.6}},{"slug":"nebius","name":"Nebius","name_en":"Nebius Group","tier":2,"returns_yearly":{"2025":202.2,"2026":162.4}},{"slug":"astera-labs","name":"Astera Labs","name_en":"Astera Labs","tier":2,"returns_yearly":{"2025":25.6,"2026":148.2}},{"slug":"ibiden","name":"Ibiden","name_en":"Ibiden","tier":2,"returns_yearly":{"2021":30.4,"2022":-19.6,"2023":51.6,"2024":-38.6,"2025":261,"2026":147.1}},{"slug":"sk-hynix","name":"SK하이닉스","name_en":"SK hynix","tier":2,"returns_yearly":{"2021":-0.4,"2022":-25.6,"2023":53.9,"2024":48.6,"2025":361.1,"2026":140.3}},{"slug":"unimicron","name":"유니마이크론","name_en":"Unimicron","tier":2,"returns_yearly":{"2021":133.5,"2022":-30.2,"2023":35.2,"2024":-19.7,"2025":175.7,"2026":131.6}},{"slug":"corning","name":"Corning","name_en":"Corning","tier":2,"returns_yearly":{"2021":5.9,"2022":-11.6,"2023":-1.2,"2024":60.6,"2025":87.8,"2026":118.8}},{"slug":"lumentum","name":"Lumentum","name_en":"Lumentum","tier":2,"returns_yearly":{"2021":11.6,"2022":-50.7,"2023":0.5,"2024":60.1,"2025":339.1,"2026":117.6}},{"slug":"ls-electric","name":"LS일렉트릭","name_en":"LS ELECTRIC","tier":2,"returns_yearly":{"2021":-19.2,"2022":11.4,"2023":37.4,"2024":234.2,"2025":145,"2026":79.6}},{"slug":"samsung-electronics","name":"삼성전자","name_en":"Samsung Electronics","tier":2,"returns_yearly":{"2021":-9,"2022":-14.2,"2023":20.9,"2024":-26.4,"2025":212.9,"2026":77.9}},{"slug":"onsemi","name":"onsemi","name_en":"onsemi","tier":2,"returns_yearly":{"2021":107.5,"2022":-8.2,"2023":33.9,"2024":-24.5,"2025":-14.1,"2026":77.2}},{"slug":"coherent","name":"Coherent","name_en":"Coherent","tier":2,"returns_yearly":{"2021":-10,"2022":-48.6,"2023":24,"2024":117.6,"2025":94.8,"2026":75.8}},{"slug":"eoptolink","name":"Eoptolink","name_en":"Eoptolink","tier":2,"returns_yearly":{"2021":-10.1,"2022":-27.7,"2023":136.6,"2024":197,"2025":368.8,"2026":74.9}},{"slug":"innolight","name":"InnoLight","name_en":"InnoLight","tier":2,"returns_yearly":{"2021":-30.7,"2022":-18.3,"2023":253.7,"2024":12,"2025":468.1,"2026":68.8}},{"slug":"keysight","name":"Keysight","name_en":"Keysight Technologies","tier":2,"returns_yearly":{"2021":56.3,"2022":-17.2,"2023":-7,"2024":1,"2025":26.5,"2026":58.5}},{"slug":"delta-electronics","name":"Delta Electronics","name_en":"Delta Electronics","tier":2,"returns_yearly":{"2021":-3.4,"2022":10.4,"2023":-0.3,"2024":59.2,"2025":183.8,"2026":54.9}},{"slug":"monolithic-power","name":"Monolithic Power","name_en":"Monolithic Power","tier":2,"returns_yearly":{"2021":35.5,"2022":-27.8,"2023":79.8,"2024":-5.6,"2025":54.5,"2026":49.8}},{"slug":"analog-devices","name":"Analog Devices","name_en":"Analog Devices","tier":2,"returns_yearly":{"2021":21,"2022":-4.9,"2023":23.4,"2024":8.8,"2025":29.8,"2026":46.7}},{"slug":"tsmc","name":"TSMC","name_en":"TSMC","tier":2,"returns_yearly":{"2021":12.1,"2022":-36.7,"2023":42.3,"2024":92.6,"2025":55.9,"2026":43.6}},{"slug":"abb","name":"ABB","name_en":"ABB","tier":2,"returns_yearly":{"2021":23.9,"2022":7.3,"2023":18.9,"2024":39,"2025":36.1,"2026":27.2}},{"slug":"asahi-kasei","name":"Asahi Kasei","name_en":"Asahi Kasei","tier":2,"returns_yearly":{"2021":-1.1,"2022":-9.3,"2023":18.7,"2024":-2.9,"2025":47.1,"2026":24.6}},{"slug":"pegatron","name":"페가트론","name_en":"Pegatron","tier":2,"returns_yearly":{"2021":-5.9,"2022":0.6,"2023":35.3,"2024":21.2,"2025":-23.8,"2026":24}},{"slug":"luxshare","name":"Luxshare","name_en":"Luxshare Precision","tier":2,"returns_yearly":{"2021":-11.9,"2022":-30.2,"2023":-21.2,"2024":58.8,"2025":29.3,"2026":20.6}},{"slug":"digital-realty","name":"Digital Realty","name_en":"Digital Realty","tier":2,"returns_yearly":{"2021":30.7,"2022":-41,"2023":39.9,"2024":35.9,"2025":-10.1,"2026":18.2}},{"slug":"amphenol","name":"Amphenol","name_en":"Amphenol","tier":2,"returns_yearly":{"2021":34.9,"2022":-12,"2023":31.5,"2024":41.3,"2025":96.1,"2026":18.1}},{"slug":"wistron","name":"위스트론","name_en":"Wistron","tier":2,"returns_yearly":{"2021":7.9,"2022":9.7,"2023":272.7,"2024":-1.6,"2025":22.7,"2026":14.8}},{"slug":"yunnan-energy","name":"Yunnan Energy (Enjie)","name_en":"Yunnan Energy New Material (SEMCORP)","tier":2,"returns_yearly":{"2021":92.8,"2022":-38.6,"2023":-72.6,"2024":-29.2,"2025":76.4,"2026":7.5}},{"slug":"kyec","name":"KYEC","name_en":"King Yuan Electronics (KYEC)","tier":2,"returns_yearly":{"2021":26.7,"2022":-7.7,"2023":132.4,"2024":38.6,"2025":171,"2026":4.2}},{"slug":"umicore","name":"유미코아","name_en":"Umicore","tier":2,"returns_yearly":{"2021":-27.5,"2022":5.9,"2023":-37.1,"2024":-51.4,"2025":111.6,"2026":2.4}},{"slug":"tinci","name":"Tinci Materials","name_en":"Tinci Materials","tier":2,"returns_yearly":{"2021":68.3,"2022":5.6,"2023":-61.4,"2024":-0.7,"2025":124.2,"2026":-1}},{"slug":"blackrock","name":"BlackRock","name_en":"BlackRock","tier":2,"returns_yearly":{"2021":29.4,"2022":-20.4,"2023":17.9,"2024":29.3,"2025":6.6,"2026":-2.1}},{"slug":"lotte-energy-materials","name":"롯데에너지머티리얼즈","name_en":"Lotte Energy Materials","tier":2,"returns_yearly":{"2021":31.5,"2022":-32.9,"2023":-49.3,"2024":-30,"2025":75.8,"2026":-8.4}},{"slug":"te-connectivity","name":"TE Connectivity","name_en":"TE Connectivity","tier":2,"returns_yearly":{"2021":35.1,"2022":-27.7,"2023":24.6,"2024":3.5,"2025":61.1,"2026":-11.3}},{"slug":"ronbay","name":"룽바이커지(容百科技)","name_en":"Ronbay Technology","tier":2,"returns_yearly":{"2021":96.6,"2022":-39.1,"2023":-63.6,"2024":12.3,"2025":47.7,"2026":-12.9}},{"slug":"recursion","name":"Recursion Pharmaceuticals","name_en":"Recursion Pharmaceuticals","tier":2,"returns_yearly":{"2022":-55,"2023":27.9,"2024":-31.4,"2025":-39.5,"2026":-13}},{"slug":"lg-chem","name":"LG화학","name_en":"LG Chem","tier":2,"returns_yearly":{"2021":-29,"2022":9.7,"2023":-36.6,"2024":-45.3,"2025":31.2,"2026":-14.4}},{"slug":"skc","name":"SKC","name_en":"SKC","tier":2,"returns_yearly":{"2021":18.1,"2022":-31.9,"2023":-19.7,"2024":104.3,"2025":-25.4,"2026":-19.2}},{"slug":"landf","name":"엘앤에프","name_en":"L&F","tier":2,"returns_yearly":{"2021":139.2,"2022":22.4,"2023":-30.3,"2024":-38.6,"2025":43.4,"2026":-20.4}},{"slug":"sumitomo-metal-mining","name":"스미토모금속광산","name_en":"Sumitomo Metal Mining","tier":2,"returns_yearly":{"2021":20.5,"2022":5.4,"2023":-19.4,"2024":-10.2,"2025":168.7,"2026":-20.9}},{"slug":"cosmo-advanced-materials-technology","name":"코스모신소재","name_en":"Cosmo Advanced Materials & Technology","tier":2,"returns_yearly":{"2021":121.4,"2022":48.7,"2023":128.9,"2024":-60.4,"2025":-3.4,"2026":-22.5}},{"slug":"posco-future-m","name":"포스코퓨처엠","name_en":"POSCO Future M","tier":2,"returns_yearly":{"2021":-17.7,"2022":97.6,"2023":16.3,"2024":-43.6,"2025":56.5,"2026":-32}},{"slug":"advanced-nano-products","name":"나노신소재","name_en":"Advanced Nano Products","tier":2,"returns_yearly":{"2021":56.8,"2022":66.4,"2023":13.9,"2024":-30.9,"2025":5.5,"2026":-32.8}},{"slug":"byd-electronics","name":"BYD일렉트로닉스","name_en":"BYD Electronics","tier":2,"returns_yearly":{"2021":-56.1,"2022":16,"2023":-0.4,"2024":60.6,"2025":-19.4,"2026":-34.4}},{"slug":"chunbo","name":"천보","name_en":"Chunbo","tier":2,"returns_yearly":{"2021":40.4,"2022":-7.3,"2023":-65,"2024":-55.6,"2025":59.1,"2026":-37.6}},{"slug":"pnt","name":"피엔티","name_en":"PNT (People & Technology)","tier":2,"returns_yearly":{"2021":62.2,"2022":11.6,"2023":-17.8,"2024":12.2,"2025":31.1,"2026":-39.8}},{"slug":"ecopro-bm","name":"에코프로비엠","name_en":"EcoPro BM","tier":2,"returns_yearly":{"2021":79.2,"2022":23.9,"2023":113.5,"2024":-38.6,"2025":77.1,"2026":-47.6}},{"slug":"enchem","name":"엔켐","name_en":"Enchem","tier":2,"returns_yearly":{"2022":-37.4,"2023":173.9,"2024":-20.5,"2025":-26.1,"2026":-76.7}},{"slug":"openai","name":"OpenAI","name_en":"OpenAI","tier":2,"returns_yearly":null},{"slug":"btr-new-material","name":"BTR New Material","name_en":"BTR New Material Group Co., Ltd","tier":2,"returns_yearly":null},{"slug":"samsung-electro-mechanics","name":"삼성전기","name_en":"Samsung Electro-Mechanics","tier":3,"returns_yearly":{"2021":-11.8,"2022":-18.5,"2023":-1.4,"2024":-2.5,"2025":110,"2026":467.7}},{"slug":"jusung-engineering","name":"주성엔지니어링","name_en":"Jusung Engineering","tier":3,"returns_yearly":{"2021":127.9,"2022":-42.6,"2023":173.3,"2024":-3.1,"2025":30.7,"2026":364.1}},{"slug":"sumco","name":"섬코","name_en":"SUMCO Corporation","tier":3,"returns_yearly":{"2021":-4.3,"2022":-3.9,"2023":21.3,"2024":-48.1,"2025":41.7,"2026":225.8}},{"slug":"psk-inc","name":"피에스케이","name_en":"PSK Inc","tier":3,"returns_yearly":{"2021":22.7,"2022":-19.6,"2023":14.2,"2024":-2.6,"2025":228.2,"2026":208}},{"slug":"lg-innotek","name":"LG이노텍","name_en":"LG Innotek","tier":3,"returns_yearly":{"2021":78.2,"2022":-22,"2023":-28.8,"2024":-22.1,"2025":66.8,"2026":204.6}},{"slug":"arm","name":"Arm Holdings","name_en":"Arm Holdings","tier":3,"returns_yearly":{"2024":64.2,"2025":-11.4,"2026":195.8}},{"slug":"globalwafers","name":"GlobalWafers","name_en":"GlobalWafers","tier":3,"returns_yearly":{"2021":26.9,"2022":-29.9,"2023":14.3,"2024":-39,"2025":48.9,"2026":171.6}},{"slug":"acm-research","name":"ACM Research","name_en":"ACM Research","tier":3,"returns_yearly":{"2021":4.9,"2022":-72.9,"2023":153.4,"2024":-22.7,"2025":161.3,"2026":161.1}},{"slug":"amd","name":"AMD","name_en":"AMD","tier":3,"returns_yearly":{"2021":56.9,"2022":-55,"2023":127.6,"2024":-18.1,"2025":77.3,"2026":160.5}},{"slug":"kulicke-soffa","name":"Kulicke & Soffa","name_en":"Kulicke & Soffa","tier":3,"returns_yearly":{"2021":92.4,"2022":-25.8,"2023":25.5,"2024":-13.2,"2025":-0.3,"2026":150.1}},{"slug":"cohu","name":"코후","name_en":"Cohu","tier":3,"returns_yearly":{"2021":-0.2,"2022":-15.9,"2023":10.4,"2024":-24.6,"2025":-12.8,"2026":141.4}},{"slug":"applied-materials","name":"어플라이드 머티어리얼즈","name_en":"Applied Materials","tier":3,"returns_yearly":{"2021":83.6,"2022":-37.5,"2023":68,"2024":1.1,"2025":59.6,"2026":135}},{"slug":"mediatek","name":"미디어텍","name_en":"MediaTek","tier":3,"returns_yearly":{"2021":27.8,"2022":-26.6,"2023":52.9,"2024":58.3,"2025":24.9,"2026":124.3}},{"slug":"arteris","name":"Arteris","name_en":"Arteris","tier":3,"returns_yearly":{"2022":-79.6,"2023":37,"2024":73,"2025":52.1,"2026":124.3}},{"slug":"formfactor","name":"FormFactor","name_en":"FormFactor","tier":3,"returns_yearly":{"2021":6.3,"2022":-51.4,"2023":87.6,"2024":5.5,"2025":26.8,"2026":110.7}},{"slug":"kc-tech","name":"케이씨텍","name_en":"KC Tech","tier":3,"returns_yearly":{"2021":-24.2,"2022":-6.1,"2023":57.9,"2024":5.9,"2025":56.7,"2026":108.1}},{"slug":"lam-research","name":"램리서치","name_en":"Lam Research","tier":3,"returns_yearly":{"2021":53.7,"2022":-40.7,"2023":88.6,"2024":-6.8,"2025":139.2,"2026":105}},{"slug":"jcet","name":"JCET","name_en":"JCET (Jiangsu Changjiang Electronics)","tier":3,"returns_yearly":{"2021":-34,"2022":0.2,"2023":-15.2,"2024":73.3,"2025":28,"2026":104.6}},{"slug":"onto-innovation","name":"Onto Innovation","name_en":"Onto Innovation","tier":3,"returns_yearly":{"2021":112.9,"2022":-32.7,"2023":124.6,"2024":9,"2025":-5.3,"2026":103.6}},{"slug":"simmtech","name":"심텍","name_en":"Simmtech","tier":3,"returns_yearly":{"2021":119.6,"2022":-34.6,"2023":12.4,"2024":-63.3,"2025":392.9,"2026":94.9}},{"slug":"daeduck","name":"대덕전자","name_en":"Daeduck Electronics","tier":3,"returns_yearly":{"2021":64.2,"2022":-0.3,"2023":13.3,"2024":-22.7,"2025":250.2,"2026":92.1}},{"slug":"kla","name":"KLA","name_en":"KLA","tier":3,"returns_yearly":{"2021":68,"2022":-11.2,"2023":56,"2024":9.4,"2025":94.5,"2026":91}},{"slug":"tower-semiconductor","name":"Tower Semiconductor","name_en":"Tower Semiconductor","tier":3,"returns_yearly":{"2021":53.7,"2022":8.9,"2023":-29.4,"2024":68.8,"2025":128,"2026":89.7}},{"slug":"screen-holdings","name":"SCREEN Holdings","name_en":"SCREEN Holdings","tier":3,"returns_yearly":{"2021":40.7,"2022":-13.2,"2023":220.1,"2024":-24.1,"2025":84.9,"2026":86.3}},{"slug":"teradyne","name":"Teradyne","name_en":"Teradyne","tier":3,"returns_yearly":{"2021":36.8,"2022":-46.3,"2023":24.8,"2024":16.5,"2025":54.4,"2026":85.9}},{"slug":"asmpt","name":"ASMPT","name_en":"ASMPT","tier":3,"returns_yearly":{"2021":-29,"2022":-12.4,"2023":21.8,"2024":-4.8,"2025":47.6,"2026":82}},{"slug":"resonac","name":"Resonac","name_en":"Resonac","tier":3,"returns_yearly":{"2021":-2.6,"2022":-4,"2023":37.5,"2024":30.3,"2025":137.9,"2026":80.4}},{"slug":"macom","name":"MACOM","name_en":"MACOM Technology","tier":3,"returns_yearly":{"2021":42.3,"2022":-19.6,"2023":47.6,"2024":39.8,"2025":31.8,"2026":80.1}},{"slug":"tokyo-electron","name":"도쿄일렉트론","name_en":"Tokyo Electron (TEL)","tier":3,"returns_yearly":{"2021":40.4,"2022":-14.5,"2023":89.8,"2024":-4.4,"2025":61.6,"2026":78.2}},{"slug":"qnity-electronics","name":"퀴니티 일렉트로닉스","name_en":"Qnity Electronics","tier":3,"returns_yearly":{"2026":76.3}},{"slug":"entegris","name":"Entegris","name_en":"Entegris","tier":3,"returns_yearly":{"2021":44.6,"2022":-52.5,"2023":83.5,"2024":-17.1,"2025":-14.6,"2026":72.8}},{"slug":"kokusai-electric","name":"Kokusai Electric","name_en":"Kokusai Electric","tier":3,"returns_yearly":{"2024":-35.4,"2025":165.3,"2026":70}},{"slug":"asml","name":"ASML","name_en":"ASML","tier":3,"returns_yearly":{"2021":64.1,"2022":-30.5,"2023":39.9,"2024":-7.7,"2025":55.8,"2026":68.6}},{"slug":"global-unichip","name":"Global Unichip","name_en":"Global Unichip","tier":3,"returns_yearly":{"2021":21.4,"2022":67.6,"2023":99.4,"2024":-13.7,"2025":101.4,"2026":66.4}},{"slug":"ajinomoto","name":"Ajinomoto","name_en":"Ajinomoto","tier":3,"returns_yearly":{"2021":31,"2022":36,"2023":44.5,"2024":4,"2025":14.1,"2026":63.7}},{"slug":"foosung","name":"후성","name_en":"Foosung","tier":3,"returns_yearly":{"2021":59.9,"2022":-33.5,"2023":-34.5,"2024":-39.1,"2025":67.4,"2026":62.2}},{"slug":"besi","name":"BESI","name_en":"BESI","tier":3,"returns_yearly":{"2021":33.7,"2022":-6.1,"2023":121.8,"2024":-9.3,"2025":35,"2026":56.2}},{"slug":"fujimi","name":"Fujimi","name_en":"Fujimi Incorporated","tier":3,"returns_yearly":{"2021":64.7,"2022":-1.6,"2023":40.4,"2024":-24.2,"2025":28.4,"2026":54.6}},{"slug":"eugene-tech","name":"유진테크","name_en":"Eugene Technology","tier":3,"returns_yearly":{"2021":28.1,"2022":-45.1,"2023":64.1,"2024":-12.6,"2025":202.5,"2026":49.5}},{"slug":"montage","name":"Montage Technology","name_en":"Montage Technology","tier":3,"returns_yearly":{"2021":-18.2,"2022":-21.8,"2023":-18,"2024":51.4,"2025":169,"2026":47.4}},{"slug":"gigabyte","name":"기가바이트","name_en":"Gigabyte Technology","tier":3,"returns_yearly":{"2021":82.3,"2022":-3.4,"2023":173.2,"2024":-15.9,"2025":-4.7,"2026":44.4}},{"slug":"shin-etsu","name":"신에쓰화학","name_en":"Shin-Etsu Chemical","tier":3,"returns_yearly":{"2021":6.3,"2022":3.1,"2023":57.8,"2024":-15.6,"2025":7.6,"2026":44}},{"slug":"samsung-e-a","name":"삼성E&A","name_en":"Samsung E&A","tier":3,"returns_yearly":{"2021":74.5,"2022":20,"2023":-13.7,"2024":-15.9,"2025":76.7,"2026":43.2}},{"slug":"tokyo-ohka","name":"Tokyo Ohka Kogyo","name_en":"Tokyo Ohka Kogyo (TOK)","tier":3,"returns_yearly":{"2021":-2.7,"2022":-3,"2023":63.8,"2024":4.3,"2025":111.5,"2026":42.9}},{"slug":"camtek","name":"Camtek","name_en":"Camtek","tier":3,"returns_yearly":{"2021":110.1,"2022":-52.3,"2023":215.9,"2024":18.3,"2025":31.7,"2026":35.2}},{"slug":"ebara","name":"Ebara","name_en":"Ebara","tier":3,"returns_yearly":{"2021":58.1,"2022":2.3,"2023":76.1,"2024":41,"2025":84,"2026":32.3}},{"slug":"asm-international","name":"ASM International","name_en":"ASM International","tier":3,"returns_yearly":{"2021":44.2,"2022":2.9,"2023":68.7,"2024":10.3,"2025":25.9,"2026":28.8}},{"slug":"powertech","name":"파워텍 (PTI)","name_en":"Powertech Technology (PTI)","tier":3,"returns_yearly":{"2021":4.8,"2022":-7.5,"2023":86,"2024":-16,"2025":128.6,"2026":26}},{"slug":"linde","name":"Linde","name_en":"Linde","tier":3,"returns_yearly":{"2021":33.4,"2022":-4.4,"2023":27.7,"2024":3.2,"2025":3.2,"2026":25.1}},{"slug":"coreweave","name":"CoreWeave","name_en":"CoreWeave","tier":3,"returns_yearly":{"2026":24.1}},{"slug":"air-products","name":"에어프로덕츠","name_en":"Air Products and Chemicals","tier":3,"returns_yearly":{"2021":13.8,"2022":3.9,"2023":-9,"2024":8.1,"2025":-12.7,"2026":23.7}},{"slug":"cadence","name":"Cadence Design Systems","name_en":"Cadence Design Systems","tier":3,"returns_yearly":{"2021":36.6,"2022":-13.8,"2023":69.6,"2024":10.3,"2025":4,"2026":22.9}},{"slug":"lasertec","name":"Lasertec","name_en":"Lasertec","tier":3,"returns_yearly":{"2021":78.9,"2022":2.4,"2023":57,"2024":-60.6,"2025":138.9,"2026":22.4}},{"slug":"mitsubishi-electric","name":"미쓰비시전기","name_en":"Mitsubishi Electric","tier":3,"returns_yearly":{"2021":-8.1,"2022":2.5,"2023":58.7,"2024":19.1,"2025":91,"2026":21.3}},{"slug":"advantest","name":"Advantest","name_en":"Advantest","tier":3,"returns_yearly":{"2021":17,"2022":-2.3,"2023":155.7,"2024":49.5,"2025":196,"2026":17.1}},{"slug":"sumitomo-chemical","name":"스미토모화학","name_en":"Sumitomo Chemical","tier":3,"returns_yearly":{"2021":19.6,"2022":-9.1,"2023":-27.7,"2024":-2.2,"2025":43.9,"2026":16}},{"slug":"broadcom","name":"Broadcom","name_en":"Broadcom","tier":3,"returns_yearly":{"2021":56.5,"2022":-13.3,"2023":104.2,"2024":110.5,"2025":50.6,"2026":16}},{"slug":"nepes","name":"네패스","name_en":"Nepes","tier":3,"returns_yearly":{"2021":-29.5,"2022":-44,"2023":6.7,"2024":-62.7,"2025":179.2,"2026":15.1}},{"slug":"alphabet","name":"알파벳 (구글)","name_en":"Alphabet (Google)","tier":3,"returns_yearly":{"2021":65.3,"2022":-39.1,"2023":58.3,"2024":36,"2025":66,"2026":14.3}},{"slug":"merck-kgaa","name":"Merck KGaA","name_en":"Merck KGaA (EMD)","tier":3,"returns_yearly":{"2021":42.2,"2022":-0.4,"2023":-19.1,"2024":-2.5,"2025":-12.7,"2026":13.5}},{"slug":"air-liquide","name":"Air Liquide","name_en":"Air Liquide","tier":3,"returns_yearly":{"2021":14.1,"2022":7.9,"2023":20.9,"2024":8.5,"2025":-4.8,"2026":12.5}},{"slug":"disco","name":"디스코","name_en":"Disco Corporation","tier":3,"returns_yearly":{"2021":-6.6,"2022":27.7,"2023":218.5,"2024":11.6,"2025":49.6,"2026":10.2}},{"slug":"wonik-qnc","name":"원익QnC","name_en":"Wonik QnC","tier":3,"returns_yearly":{"2021":26.2,"2022":2,"2023":11.9,"2024":-33.7,"2025":53.4,"2026":9.3}},{"slug":"wonik-ips","name":"원익IPS","name_en":"Wonik IPS","tier":3,"returns_yearly":{"2021":-19.7,"2022":-19.8,"2023":-0.2,"2024":-25.5,"2025":408.8,"2026":9.3}},{"slug":"sqm","name":"SQM","name_en":"Sociedad Química y Minera de Chile S.A.","tier":3,"returns_yearly":{"2021":6.8,"2022":71.8,"2023":-18.3,"2024":-39.4,"2025":89.2,"2026":7.6}},{"slug":"siemens-energy","name":"Siemens Energy","name_en":"Siemens Energy","tier":3,"returns_yearly":{"2021":-35.4,"2022":-2.7,"2023":-27,"2024":314.2,"2025":149.9,"2026":5.7}},{"slug":"hanmi-semiconductor","name":"한미반도체","name_en":"Hanmi Semiconductor","tier":3,"returns_yearly":{"2021":98.5,"2022":-21.7,"2023":313.1,"2024":93.7,"2025":87.9,"2026":5.5}},{"slug":"hana-micron","name":"하나마이크론","name_en":"Hana Micron","tier":3,"returns_yearly":{"2021":109,"2022":-41,"2023":143.5,"2024":-52.4,"2025":269.3,"2026":5.3}},{"slug":"fabrinet","name":"Fabrinet","name_en":"Fabrinet","tier":3,"returns_yearly":{"2021":52.7,"2022":8.2,"2023":48.4,"2024":15.5,"2025":107.1,"2026":3.5}},{"slug":"softbank","name":"소프트뱅크그룹","name_en":"SoftBank Group","tier":3,"returns_yearly":{"2021":10.2,"2022":9.9,"2023":39.2,"2024":6.5,"2025":8.5,"2026":3.2}},{"slug":"qorvo","name":"코보","name_en":"Qorvo","tier":3,"returns_yearly":{"2021":-5.9,"2022":-42,"2023":24.2,"2024":-37.9,"2025":20.8,"2026":1.5}},{"slug":"eo-technics","name":"이오테크닉스","name_en":"EO Technics","tier":3,"returns_yearly":{"2021":7.6,"2022":-28.2,"2023":130.5,"2024":-16.2,"2025":163.2,"2026":0.7}},{"slug":"isc","name":"아이에스시","name_en":"ISC","tier":3,"returns_yearly":{"2021":43.2,"2022":14.2,"2023":116.5,"2024":-11.9,"2025":126.8,"2026":0.3}},{"slug":"hd-hyundai-electric","name":"HD Hyundai Electric","name_en":"HD Hyundai Electric","tier":3,"returns_yearly":{"2021":4.2,"2022":132.5,"2023":159.4,"2024":300.5,"2025":120.2,"2026":-3.7}},{"slug":"hpsp","name":"HPSP","name_en":"HPSP","tier":3,"returns_yearly":{"2023":216.5,"2024":-30.4,"2025":54.7,"2026":-4.5}},{"slug":"synopsys","name":"Synopsys","name_en":"Synopsys","tier":3,"returns_yearly":{"2021":42.1,"2022":-13.4,"2023":61.3,"2024":-5.7,"2025":-3.2,"2026":-5.2}},{"slug":"canon","name":"캐논","name_en":"Canon","tier":3,"returns_yearly":{"2021":22.5,"2022":11.1,"2023":46.4,"2024":27,"2025":-3.2,"2026":-5.6}},{"slug":"lg-display","name":"LG디스플레이","name_en":"LG Display","tier":3,"returns_yearly":{"2021":-6.8,"2022":-30.9,"2023":-8.5,"2024":-20.6,"2025":26.2,"2026":-5.7}},{"slug":"photronics","name":"Photronics","name_en":"Photronics","tier":3,"returns_yearly":{"2021":68.9,"2022":-10.7,"2023":86.4,"2024":-24.9,"2025":35.8,"2026":-6.6}},{"slug":"posco-holdings","name":"POSCO홀딩스","name_en":"POSCO Holdings","tier":3,"returns_yearly":{"2021":13.9,"2022":19.9,"2023":43,"2024":-37.3,"2025":38.3,"2026":-8.8}},{"slug":"albemarle","name":"Albemarle","name_en":"Albemarle","tier":3,"returns_yearly":{"2021":59.8,"2022":-6.6,"2023":-32.8,"2024":-39.5,"2025":67.7,"2026":-10.4}},{"slug":"park-systems","name":"파크시스템스","name_en":"Park Systems","tier":3,"returns_yearly":{"2021":25.1,"2022":1.6,"2023":41.6,"2024":37.3,"2025":28.9,"2026":-11.2}},{"slug":"byd","name":"BYD","name_en":"BYD","tier":3,"returns_yearly":{"2021":-6.5,"2022":10.5,"2023":-28.5,"2024":58.9,"2025":8.7,"2026":-12.7}},{"slug":"hana-materials","name":"하나머티리얼즈","name_en":"Hana Materials","tier":3,"returns_yearly":{"2021":106,"2022":-30.5,"2023":26.1,"2024":-47.4,"2025":173.9,"2026":-15.7}},{"slug":"dongjin-semichem","name":"동진쎄미켐","name_en":"Dongjin Semichem","tier":3,"returns_yearly":{"2021":28.1,"2022":-13.7,"2023":16.1,"2024":-42.8,"2025":160.1,"2026":-15.8}},{"slug":"lg-energy-solution","name":"LG에너지솔루션","name_en":"LG Energy Solution","tier":3,"returns_yearly":{"2023":-26.9,"2024":-7.6,"2025":13.1,"2026":-18.1}},{"slug":"microsoft","name":"마이크로소프트","name_en":"Microsoft","tier":3,"returns_yearly":{"2021":52.5,"2022":-28,"2023":58.2,"2024":12.9,"2025":15.6,"2026":-20}},{"slug":"unitest","name":"유니테스트","name_en":"Uni Test","tier":3,"returns_yearly":{"2021":23.4,"2022":-57.8,"2023":11.3,"2024":-1.6,"2025":6.8,"2026":-24.8}},{"slug":"lotte-chemical","name":"롯데케미칼","name_en":"Lotte Chemical","tier":3,"returns_yearly":{"2021":-22.5,"2022":-3.6,"2023":-24.4,"2024":-56.1,"2025":50.1,"2026":-25.4}},{"slug":"oracle","name":"Oracle","name_en":"Oracle","tier":3,"returns_yearly":{"2021":36.9,"2022":-4.6,"2023":30.9,"2024":60,"2025":18.1,"2026":-27.4}},{"slug":"enf-technology","name":"이엔에프테크놀로지","name_en":"ENF Technology","tier":3,"returns_yearly":{"2021":-32.9,"2022":-23.6,"2023":1.3,"2024":-16.1,"2025":204.6,"2026":-28.4}},{"slug":"leeno","name":"리노공업","name_en":"Leeno Industrial","tier":3,"returns_yearly":{"2021":21,"2022":-5.3,"2023":18.3,"2024":9.5,"2025":150.1,"2026":-30.3}},{"slug":"sfa-semicon","name":"SFA반도체","name_en":"SFA Semicon","tier":3,"returns_yearly":{"2021":-5.8,"2022":-34.1,"2023":48.7,"2024":-48.7,"2025":139.8,"2026":-31.8}},{"slug":"soulbrain","name":"솔브레인","name_en":"Soulbrain","tier":3,"returns_yearly":{"2021":-8.2,"2022":-3.9,"2023":16.6,"2024":-37.6,"2025":192.8,"2026":-35.9}},{"slug":"ecopro-materials","name":"에코프로머티리얼즈","name_en":"EcoPro Materials","tier":3,"returns_yearly":{"2024":-52.5,"2025":-4.9,"2026":-43.6}},{"slug":"ecopro","name":"에코프로","name_en":"Ecopro","tier":3,"returns_yearly":{"2021":-5.1,"2022":94.5,"2023":309.5,"2024":-39.2,"2025":172.1,"2026":-47.1}},{"slug":"sns-tech","name":"에스앤에스텍","name_en":"S&S Tech","tier":3,"returns_yearly":{"2021":-17.3,"2022":-5,"2023":45.8,"2024":-31.2,"2025":210.8,"2026":-47.5}},{"slug":"hanwha-semitech","name":"한화세미텍","name_en":"Hanwha Semitech","tier":3,"returns_yearly":null},{"slug":"hitachi-hightech","name":"히타치 하이테크","name_en":"Hitachi High-Tech","tier":3,"returns_yearly":null},{"slug":"sk-siltron","name":"SK실트론","name_en":"SK Siltron","tier":3,"returns_yearly":null},{"slug":"siemens-eda","name":"Siemens EDA","name_en":"Siemens EDA","tier":3,"returns_yearly":null},{"slug":"jsr","name":"JSR","name_en":"JSR Corporation","tier":3,"returns_yearly":null},{"slug":"cerebras","name":"Cerebras","name_en":"Cerebras Systems","tier":3,"returns_yearly":null}],"analysis":"전기차·에너지 기업이면서 휴머노이드 Optimus로 피지컬 AI의 수요 정점을 노리는 노드로, 감속기·모터·AI칩·배터리 상류를 광범위하게 끌어당기는 수요 허브다. Optimus 연 100만대·단가 $2만 목표가 하모닉드라이브·나브테스코 감속기와 니덱 모터 수요를 선행 자극하고, FSD·AI6(삼성 파운드리 165억 달러) 칩이 실세계 AI 축을 이룬다. 다만 현 매출 본체인 EV는 판매 둔화 국면이라, 성장 논점은 Optimus·로보택시의 실현 속도가 EV 성숙을 상쇄하느냐에 달렸고 이는 최대 리스크이기도 하다. 그래프상 이 노드는 배터리 5社(CATL·LG엔솔·파나소닉·삼성SDI·BYD)와 감속기·모터 공급사로 파급이 가장 넓은 하류 수요 정점이다.","analysis_en":"An EV and energy company that, via the Optimus humanoid, targets the demand apex of Physical AI — a demand hub pulling broadly on reducers, motors, AI chips and batteries. The Optimus 1M-units/year and ~$20k targets front-load demand for Harmonic Drive and Nabtesco reducers and Nidec motors, while FSD and AI6 chips (a $16.5B Samsung foundry deal) form its real-world AI axis. But with EVs — the current revenue core — in a sales slowdown, the growth case hinges on whether Optimus and robotaxi can offset EV maturation, which is also the top risk. On the graph this node is the widest-ripple downstream demand apex, tied to five battery makers (CATL, LG Energy Solution, Panasonic, Samsung SDI, BYD) and reducer/motor suppliers.","analysis_asof":"2026-07-09"},"edges":[{"direction":"cost","counterparty":"파나소닉 에너지","counterparty_slug":"panasonic-energy","confidence":"high","metric":{"type":"capacity","unit":"GWh","as_of":"2025-07-14","basis":"네바다 2170 셀 공급","value":41,"period":"네바다","basis_en":"Nevada 2170 cell supply"},"note":"네바다·캔자스에서 2170 원통형 셀을 구매하는 테슬라의 오랜 핵심 배터리 공급사.","note_en":"Long-standing core battery supplier; Tesla buys 2170 cylindrical cells from Nevada and Kansas.","sources":[{"stance":"confirms","publisher":"SNE리서치","publisher_en":"SNE Research","kind":"research","lang":"en","published_at":"2026-01-06","url":"https://www.sneresearch.com/en/insight/release_view/567/page/0","title":"2025년 1~11월 글로벌 EV 배터리 사용량","title_en":"Global EV Battery Usage, Jan-Nov 2025","excerpt":"파나소닉은 주로 테슬라에 공급, 사용량 7위 38.5GWh.","excerpt_en":"Panasonic mainly supplies Tesla and ranked 7th at 38.5GWh usage."},{"stance":"confirms","publisher":"파나소닉 노스아메리카","publisher_en":"Panasonic North America","kind":"ir","lang":"en","published_at":"2025-07-14","url":"https://na.panasonic.com/news/panasonic-energy-begins-mass-production-at-new-automotive-lithium-ion-battery-factory-in-kansas-aiming-for-annual-capacity-of-32-gwh-to-accelerate-us-local-production","title":"파나소닉 에너지, 캔자스 신공장 양산 개시 — 연 32GWh 목표","title_en":"Panasonic Energy Begins Mass Production at New Kansas Battery Factory, ~32 GWh","excerpt":"the Nevada Factory ... approximately 41 GWh","excerpt_en":"the Nevada Factory ... approximately 41 GWh"},{"stance":"confirms","publisher":"일렉트렉","publisher_en":"Electrek","kind":"news","lang":"en","published_at":"2024-01-15","url":"https://electrek.co/2024/01/15/panasonic-to-soon-make-new-batteries-for-tesla-could-reduce-ev-prices-report/","title":"파나소닉, 테슬라용 개선 2170 셀 곧 양산","title_en":"Panasonic to soon make new batteries for Tesla","excerpt":"2170 cells used in Tesla Model 3 and Model Y at the plant in Nevada","excerpt_en":"2170 cells used in Tesla Model 3 and Model Y at the plant in Nevada"}]},{"direction":"cost","counterparty":"BYD","counterparty_slug":"byd","confidence":"high","metric":{"type":"capacity","unit":"GWh/yr","as_of":"2024-06-05","basis":"FinDreams ESS LFP 셀 공급","value":8,"period":"2025~","basis_en":"FinDreams ESS LFP cell supply"},"note":"BYD 자회사 FinDreams로부터 상하이 메가팩토리용 LFP ESS 셀(연 최대 8GWh)을 공급받음.","note_en":"Sources LFP ESS cells (up to 8 GWh/yr) from BYD's FinDreams unit for the Shanghai Megafactory.","sources":[{"stance":"confirms","publisher":"CnEVPost","publisher_en":"CnEVPost","kind":"news","lang":"en","published_at":"2024-06-05","url":"https://cnevpost.com/2024/06/05/byd-findreams-to-supply-battery-cells-to-tesla-megafactory/","title":"BYD FinDreams, 테슬라 상하이 메가팩토리에 배터리 셀 공급","title_en":"BYD FinDreams unit to supply battery cells to Tesla Shanghai Megafactory","excerpt":"up to 8 GWh from FinDreams","excerpt_en":"up to 8 GWh from FinDreams"}]},{"direction":"cost","counterparty":"LG에너지솔루션","counterparty_slug":"lg-energy-solution","confidence":"high","metric":{"type":"contract_value","unit":"USD billion","as_of":"2026-03-17","basis":"LFP ESS 셀 공급(메가팩3)","value":4.3,"period":"2027~2030","basis_en":"LFP ESS cell supply (Megapack 3)"},"note":"메가팩3용 LFP 각형 ESS 셀(43억 달러, 2027~2030)과 2170 원통형 셀을 공급받음.","note_en":"Supplies LFP prismatic ESS cells for Megapack 3 ($4.3B, 2027–2030) and 2170 cylindrical cells.","sources":[{"stance":"confirms","publisher":"일렉트렉","publisher_en":"Electrek","kind":"news","lang":"en","published_at":"2026-03-17","url":"https://electrek.co/2026/03/17/tesla-lg-energy-solution-4-3-billion-lfp-battery-deal-megapack-confirmed/","title":"테슬라·LG에너지솔루션 43억 달러 LFP 배터리 계약(메가팩) 확인","title_en":"Tesla-LG Energy Solution $4.3 billion LFP battery deal for Megapack confirmed","excerpt":"LG produce LFP prismatic cells at its Lansing, Michigan factory starting in 2027","excerpt_en":"LG produce LFP prismatic cells at its Lansing, Michigan factory starting in 2027"},{"stance":"confirms","publisher":"SNE리서치","publisher_en":"SNE Research","kind":"research","lang":"en","published_at":"2026-01-06","url":"https://www.sneresearch.com/en/insight/release_view/567/page/0","title":"2025년 1~11월 글로벌 EV 배터리 사용량","title_en":"Global EV Battery Usage, Jan-Nov 2025","excerpt":"테슬라 판매 둔화로 LG엔솔의 테슬라향 배터리 사용량 8.2% 감소.","excerpt_en":"Tesla's use of LGES batteries fell 8.2% YoY on a Tesla sales slowdown."}]},{"direction":"revenue","counterparty":"자동차·에너지 (소비자·기업)","counterparty_slug":null,"confidence":"high","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"전기차·에너지 저장 판매 — 현 매출 본체이나 EV는 판매 둔화 국면.","note_en":"EV and energy-storage sales — the current revenue core, though EVs are in a sales slowdown.","sources":[{"stance":"confirms","publisher":"Tesla","publisher_en":"Tesla","kind":"filing","lang":"en","published_at":"2025-10-22","url":"https://ir.tesla.com/","title":"Tesla 회사·IR(Nasdaq TSLA)","title_en":"Tesla company/IR (Nasdaq TSLA)","excerpt":"EV·에너지가 현 매출 주축.","excerpt_en":"EVs and energy are the current revenue base."}]},{"direction":"cost","counterparty":"Harmonic Drive","counterparty_slug":"harmonic-drive","confidence":"high","metric":null,"note":"Optimus 관절에 Harmonic Drive 하모닉 감속기 조달.","note_en":"Sources Harmonic Drive harmonic reducers for Optimus joints.","sources":[{"stance":"confirms","publisher":"eWeek","publisher_en":"eWeek","kind":"news","lang":"en","published_at":"2026-01-01","url":"https://www.eweek.com/robotics/tesla-optimus-robot-launch-timeline/","title":"Tesla Optimus 100만대·Gen3 로드맵","title_en":"Tesla Optimus 1M-unit, Gen 3 roadmap","excerpt":"Optimus 관절에 Harmonic Drive 하모닉 감속기 조달.","excerpt_en":"Sources harmonic reducers from Harmonic Drive for Optimus joints."},{"stance":"confirms","publisher":"Humanoid Guide","publisher_en":"Humanoid Guide","kind":"research","lang":"en","published_at":"2026-01-01","url":"https://humanoid.guide/product/optimus/","title":"Tesla Optimus 스펙·로드맵","title_en":"Tesla Optimus specs and roadmap","excerpt":"Optimus 관절에 Harmonic Drive 하모닉 감속기 조달.","excerpt_en":"Sources harmonic reducers from Harmonic Drive for Optimus joints."},{"stance":"confirms","publisher":"Tesla","publisher_en":"Tesla","kind":"filing","lang":"en","published_at":"2025-10-22","url":"https://ir.tesla.com/","title":"Tesla 회사·IR(Nasdaq TSLA)","title_en":"Tesla company/IR (Nasdaq TSLA)","excerpt":"Tesla 10-K/IR: Optimus 부품 조달·생산계획.","excerpt_en":"Tesla 10-K/IR: Optimus component sourcing and production plan."},{"stance":"confirms","publisher":"Morgan Stanley","publisher_en":"Morgan Stanley","kind":"research","lang":"en","published_at":"2025-01-01","url":"https://advisor.morganstanley.com/john.howard/documents/field/j/jo/john-howard/The_Humanoid_100_-_Mapping_the_Humanoid_Robot_Value_Chain.pdf","title":"휴머노이드 가치사슬 지도(서보·감속기)","title_en":"Mapping the humanoid robot value chain","excerpt":"휴머노이드 정밀 액추에이터·감속기 공급 티어에 Harmonic Drive 명시.","excerpt_en":"Lists Harmonic Drive among precision actuator/reducer suppliers in the humanoid value chain."}]},{"direction":"cost","counterparty":"CATL","counterparty_slug":"catl","confidence":"high","metric":null,"note":"EV·로봇 배터리를 CATL에서 조달.","note_en":"Sources EV and robot batteries from CATL.","sources":[{"stance":"confirms","publisher":"CnEVPost","publisher_en":"CnEVPost","kind":"news","lang":"en","published_at":"2026-02-04","url":"https://cnevpost.com/2026/02/04/global-ev-battery-market-share-2025/","title":"2025 EV 배터리 점유: CATL 39.2%","title_en":"2025 EV battery share: CATL 39.2%","excerpt":"EV·로봇 배터리를 CATL에서 조달.","excerpt_en":"Sources EV and robot batteries from CATL."},{"stance":"confirms","publisher":"SNE리서치","publisher_en":"SNE Research","kind":"research","lang":"en","published_at":"2026-01-06","url":"https://www.sneresearch.com/en/insight/release_view/567/page/0","title":"2025년 1~11월 글로벌 EV 배터리 사용량","title_en":"Global EV Battery Usage, Jan-Nov 2025","excerpt":"테슬라 등 글로벌 OEM이 CATL 배터리 채택.","excerpt_en":"Global OEMs including Tesla have adopted CATL batteries."}]},{"direction":"cost","counterparty":"삼성SDI","counterparty_slug":"samsung-sdi","confidence":"mid","metric":{"type":"deal_value","unit":"USD billion","as_of":"2025-11-03","basis":"ESS LFP 셀 공급(매체 보도)","value":2.1,"period":"2026~","basis_en":"ESS LFP cell supply (media report)"},"note":"메가팩·파워월용 LFP ESS 셀을 약 21억 달러 규모로 공급받는 것으로 보도(2026년경 코코모 생산).","note_en":"Reported to supply ~$2.1B of LFP ESS cells for Megapack/Powerwall (from ~2026, Kokomo).","sources":[{"stance":"confirms","publisher":"KED글로벌","publisher_en":"KED Global","kind":"news","lang":"en","published_at":"2025-11-03","url":"https://www.kedglobal.com/batteries/newsView/ked202511030005","title":"삼성SDI, 테슬라에 ESS 배터리 공급 전망","title_en":"Samsung SDI set to supply ESS batteries to Tesla","excerpt":"ESS estimated at over 3 trillion won ($2.1 billion)","excerpt_en":"ESS estimated at over 3 trillion won ($2.1 billion)"}]},{"direction":"cost","counterparty":"Albemarle","counterparty_slug":"albemarle","confidence":"mid","metric":{"type":"amount","unit":"USD10억","as_of":"2026-04-12","basis":"테슬라 리튬 공급계약(보도)","value":1.2,"period":"다년 공급계약","basis_en":"Tesla lithium supply agreement (reported)"},"note":"테슬라가 배터리용 리튬을 앨버말에서 조달한다(약 12억 달러 규모 공급계약 보도).","note_en":"Tesla sources battery lithium from Albemarle (a reported supply deal worth about $1.2 billion).","sources":[{"stance":"confirms","publisher":"마인리스팅스","publisher_en":"MineListings","kind":"news","lang":"en","published_at":"2026-04-12","url":"https://minelistings.com/news/teslas-1-2-billion-lithium-supply-deal-with-albemarle-sparks-market-excitement/","title":"Tesla's $1.2 Billion Lithium Supply Deal with Albemarle","title_en":"Tesla's $1.2 Billion Lithium Supply Deal with Albemarle","excerpt":"테슬라가 앨버말과 약 12억 달러 규모 리튬 공급계약을 확보했다.","excerpt_en":"Tesla secured an about $1.2 billion lithium supply deal with Albemarle."}]},{"direction":"cost","counterparty":"Nidec","counterparty_slug":"nidec","confidence":"mid","metric":null,"note":"Optimus 관절에 Nidec 모터·액추에이터 조달.","note_en":"Sources Nidec motors and actuators for Optimus joints.","sources":[{"stance":"confirms","publisher":"eWeek","publisher_en":"eWeek","kind":"news","lang":"en","published_at":"2026-01-01","url":"https://www.eweek.com/robotics/tesla-optimus-robot-launch-timeline/","title":"Tesla Optimus 100만대·Gen3 로드맵","title_en":"Tesla Optimus 1M-unit, Gen 3 roadmap","excerpt":"Optimus 관절에 Nidec 모터·액추에이터 조달.","excerpt_en":"Sources motors and actuators from Nidec for Optimus joints."},{"stance":"confirms","publisher":"Humanoid Guide","publisher_en":"Humanoid Guide","kind":"research","lang":"en","published_at":"2026-01-01","url":"https://humanoid.guide/product/optimus/","title":"Tesla Optimus 스펙·로드맵","title_en":"Tesla Optimus specs and roadmap","excerpt":"Optimus 관절에 Nidec 모터·액추에이터 조달.","excerpt_en":"Sources motors and actuators from Nidec for Optimus joints."},{"stance":"confirms","publisher":"Morgan Stanley","publisher_en":"Morgan Stanley","kind":"research","lang":"en","published_at":"2025-01-01","url":"https://advisor.morganstanley.com/john.howard/documents/field/j/jo/john-howard/The_Humanoid_100_-_Mapping_the_Humanoid_Robot_Value_Chain.pdf","title":"휴머노이드 가치사슬 지도(서보·감속기)","title_en":"Mapping the humanoid robot value chain","excerpt":"모터·액추에이터 공급사로 Nidec 명시.","excerpt_en":"Lists Nidec among actuator/motor suppliers in the humanoid value chain."}]},{"direction":"cost","counterparty":"Nabtesco","counterparty_slug":"nabtesco","confidence":"mid","metric":null,"note":"Optimus 관절에 Nabtesco RV 감속기 조달.","note_en":"Sources Nabtesco RV reducers for Optimus joints.","sources":[{"stance":"confirms","publisher":"eWeek","publisher_en":"eWeek","kind":"news","lang":"en","published_at":"2026-01-01","url":"https://www.eweek.com/robotics/tesla-optimus-robot-launch-timeline/","title":"Tesla Optimus 100만대·Gen3 로드맵","title_en":"Tesla Optimus 1M-unit, Gen 3 roadmap","excerpt":"Optimus 관절에 Nabtesco RV 감속기 조달.","excerpt_en":"Sources RV reducers from Nabtesco for Optimus joints."},{"stance":"confirms","publisher":"Humanoid Guide","publisher_en":"Humanoid Guide","kind":"research","lang":"en","published_at":"2026-01-01","url":"https://humanoid.guide/product/optimus/","title":"Tesla Optimus 스펙·로드맵","title_en":"Tesla Optimus specs and roadmap","excerpt":"Optimus 관절에 Nabtesco RV 감속기 조달.","excerpt_en":"Sources RV reducers from Nabtesco for Optimus joints."},{"stance":"confirms","publisher":"Morgan Stanley","publisher_en":"Morgan Stanley","kind":"research","lang":"en","published_at":"2025-01-01","url":"https://advisor.morganstanley.com/john.howard/documents/field/j/jo/john-howard/The_Humanoid_100_-_Mapping_the_Humanoid_Robot_Value_Chain.pdf","title":"휴머노이드 가치사슬 지도(서보·감속기)","title_en":"Mapping the humanoid robot value chain","excerpt":"휴머노이드 감속기 공급사로 Nabtesco 포함.","excerpt_en":"Names Nabtesco among humanoid reducer suppliers."}]},{"direction":"cost","counterparty":"NVIDIA","counterparty_slug":"nvidia","confidence":"mid","metric":null,"note":"AI 학습·일부 추론에 엔비디아 GPU 활용(Dojo 외).","note_en":"Uses NVIDIA GPUs for AI training and some inference (beyond Dojo).","sources":[{"stance":"confirms","publisher":"Humanoid Guide","publisher_en":"Humanoid Guide","kind":"research","lang":"en","published_at":"2026-01-01","url":"https://humanoid.guide/product/optimus/","title":"Tesla Optimus 스펙·로드맵","title_en":"Tesla Optimus specs and roadmap","excerpt":"AI 학습·일부 추론에 엔비디아 GPU 활용(Dojo 외).","excerpt_en":"Uses NVIDIA GPUs for AI training and some inference (beyond Dojo)."}]},{"direction":"revenue","counterparty":"Optimus·로보택시·FSD (신규)","counterparty_slug":null,"confidence":"mid","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"Optimus 휴머노이드·로보택시·FSD — 연 100만대·단가 $20k 목표의 신규 수요 축.","note_en":"Optimus humanoid, robotaxi and FSD — a new demand axis targeting 1M units/yr at ~$20k.","sources":[{"stance":"confirms","publisher":"eWeek","publisher_en":"eWeek","kind":"news","lang":"en","published_at":"2026-01-01","url":"https://www.eweek.com/robotics/tesla-optimus-robot-launch-timeline/","title":"Tesla Optimus 100만대·Gen3 로드맵","title_en":"Tesla Optimus 1M-unit, Gen 3 roadmap","excerpt":"Optimus 연 100만대·단가 $20k 목표.","excerpt_en":"Optimus 1M/yr at ~$20k target."}]},{"direction":"cost","counterparty":"삼성전자","counterparty_slug":"samsung-electronics","confidence":"mid","metric":null,"note":"FSD·인포테인먼트 칩·디스플레이를 삼성에서 조달.","note_en":"Sources FSD/infotainment chips and displays from Samsung.","sources":[{"stance":"confirms","publisher":"Tesla","publisher_en":"Tesla","kind":"filing","lang":"en","published_at":"2025-10-22","url":"https://ir.tesla.com/","title":"Tesla 회사·IR(Nasdaq TSLA)","title_en":"Tesla company/IR (Nasdaq TSLA)","excerpt":"테슬라 FSD 칩 삼성 파운드리.","excerpt_en":"Tesla FSD chips at Samsung foundry."},{"stance":"confirms","publisher":"Isaiah Research","publisher_en":"Isaiah Research","kind":"research","lang":"en","published_at":"2025-08-07","url":"https://www.isaiahresearch.com/Insight/Detail/103","title":"테슬라 AI6, 삼성 파운드리 165억 달러 최대 수주","title_en":"Tesla AI6 Marks Samsung's Largest Foundry Win – $16.5B","excerpt":"테슬라, 삼성 파운드리와 165억 달러 AI6 계약(텍사스 테일러 2nm 생산).","excerpt_en":"Tesla's $16.5B Samsung Foundry deal for AI6 chips at the Taylor, Texas 2nm fab."}]},{"direction":"cost","counterparty":"Ganfeng Lithium","counterparty_slug":"ganfeng","confidence":"mid","metric":null,"note":"테슬라는 간펑리튬에서 전지급 수산화리튬을 조달해 왔다(2018~2020에 이어 2022~2024 3년 계약).","note_en":"Tesla has sourced battery-grade lithium hydroxide from Ganfeng Lithium, under a 2022-2024 three-year contract following a 2018-2020 deal.","sources":[{"stance":"confirms","publisher":"마이닝닷컴","publisher_en":"MINING.COM","kind":"news","lang":"en","published_at":"2021-11-01","url":"https://www.mining.com/ganfeng-lithium-lands-fresh-three-year-supply-deal-with-tesla/","title":"Ganfeng Lithium lands three-year supply deal with Tesla","title_en":"Ganfeng Lithium lands three-year supply deal with Tesla","excerpt":"테슬라가 간펑리튬에서 2022~2024년 전지급 수산화리튬을 공급받는 계약을 맺었다.","excerpt_en":"Tesla agreed to source battery-grade lithium hydroxide from Ganfeng over 2022-2024."}]},{"direction":"cost","counterparty":"Analog Devices","counterparty_slug":"analog-devices","confidence":"mid","metric":{"as_of":"2023-07-01","qualifier":"teardown_content"},"note":"테슬라 FSD 컴퓨터 HW4.0에 ADI 오디오 프로세서 2종 탑재(분해 확인). ADI의 주력 자동차 BMS는 GM(비노드)이며 테슬라는 FSD 오디오 콘텐츠.","note_en":"Two ADI audio processors are inside Tesla's FSD Computer HW4.0 (teardown). ADI's flagship automotive BMS win is GM (non-node); the Tesla content is FSD audio.","sources":[{"stance":"confirms","publisher":"TechInsights","publisher_en":"TechInsights","kind":"research","lang":"en","published_at":"2023-07-01","url":"https://www.techinsights.com/products/ddt-2307-807","title":"테슬라 FSD HW4.0 분해(ADI 오디오 프로세서 탑재)","title_en":"Teardown of Tesla FSD Computer HW4.0 (ADI audio processors)","excerpt":"테슬라 FSD HW4.0 분해에서 ADI 오디오 프로세서 2종 확인.","excerpt_en":"Teardown of the Tesla FSD Computer HW4.0 identifies two ADI audio processors."}]},{"direction":"cost","counterparty":"화낙","counterparty_slug":"fanuc","confidence":"mid","metric":null,"note":"화낙 관계의 미러: 프리몬트 차체·조립 라인에 산업로봇 공급: 모델3 증설 전 약 600대 가동(화낙 아메리카 확인), 쿠카와 병행해 약 1천대 자동화 라인에 도입(금액 비공개).","note_en":"Supplies robots for Tesla's Fremont lines: ~600 FANUC robots before the Model 3 ramp (confirmed by FANUC America), deployed alongside KUKA on ~1,000-robot lines (values undisclosed).","sources":[{"stance":"confirms","publisher":"지디넷코리아","publisher_en":"ZDNet Korea","kind":"news","lang":"ko","published_at":"2021-04-30","url":"https://zdnet.co.kr/view/?no=20210430151803","title":"테슬라, 독일 공장에 쿠카 로봇 대거 투입","title_en":"Tesla deploys KUKA robots at its German plant","excerpt":"테슬라는 프리몬트 공장에 1천 대가량의 자동화 로봇 라인을 구축했으며 쿠카와 화낙 제품이 도입된 바 있다.","excerpt_en":"Tesla built ~1,000-robot automation lines at Fremont using KUKA and FANUC products."},{"stance":"confirms","publisher":"일렉트렉","publisher_en":"Electrek","kind":"news","lang":"en","published_at":"2016-09-01","url":"https://electrek.co/2016/09/01/tesla-model-3-robot-supplier-bring-up-production-line-time/","title":"테슬라 모델3 로봇 공급사 화낙","title_en":"Tesla Model 3: robot supplier vows on-time line bring-up","excerpt":"FANUC, Tesla's main robot supplier for the Model 3 line, will add to the ~600 robots already deployed at Fremont.","excerpt_en":"FANUC, Tesla's main robot supplier for the Model 3 line, adds to ~600 robots already deployed at Fremont."}]},{"direction":"cost","counterparty":"배터리·소재 (비공개)","counterparty_slug":null,"confidence":"low","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"배터리·셀·소재.","note_en":"Batteries, cells and materials.","sources":[{"stance":"confirms","publisher":"Tesla","publisher_en":"Tesla","kind":"filing","lang":"en","published_at":"2025-10-22","url":"https://ir.tesla.com/","title":"Tesla 회사·IR(Nasdaq TSLA)","title_en":"Tesla company/IR (Nasdaq TSLA)","excerpt":"EV·로봇 배터리.","excerpt_en":"Batteries for EVs and robots."}]}]}