Tesla’s Asia suppliers fall after deliveries report
Tesla’s suppliers in Asia fell after it reported its fourth-quarter vehicle production and delivery numbers for 2022 that fell short of expectations.
The deliveries report showed 405,278 total deliveries for the quarter and 1.31 million total deliveries for the year, lower than expectations to see around 427,000 deliveries for the final quarter of the year.
Japan’s Panasonic lost 1.82% in early Asia trade – South Korea’s LG Chem fell 0.17%. Shares of Tesla closed down 12% on Tuesday.
– Ashley Capoot, Jihye Lee
CNBC Pro: Wall Street is bullish on this chip giant, with Morgan Stanley giving it 55% upside
The once-hot chip sector suffered in 2022, but Wall Street looks to be turning more optimistic on semiconductor stocks for the year ahead.
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