{"id":49304,"date":"2017-10-28T05:04:32","date_gmt":"2017-10-28T05:04:32","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=49304"},"modified":"2017-10-28T05:04:32","modified_gmt":"2017-10-28T05:04:32","slug":"tesla-cuts-model-3-part-orders-to-taiwan-supplier-hota","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/tesla-cuts-model-3-part-orders-to-taiwan-supplier-hota.html","title":{"rendered":"Tesla cuts Model 3 part orders to Taiwan supplier Hota"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 14pt\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif;color: #000000\">Tesla cuts Model 3 part orders to Taiwan supplier Hota<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-size: 12pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Tesla cuts Model 3 part orders to Taiwan supplier Hota: Luxury electric carmaker Tesla (TSLA.O) plans to slash by 40 percent its orders for parts for the new Model 3 mass-market sedan from Taiwanese auto component maker Hota Industrial Mfg. Co (1536.TW) from December, according to a media report.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 12pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Shares of the parts maker dropped nearly 9 percent after the Economic Daily News reported, citing Hota Chairman Shen Kuo-<\/span>jung<span style=\"font-size: 12pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">, that Tesla had told the firm orders would be cut to 3,000 sets per week from 5,000 sets starting December, due to a \u201cbottleneck\u201d in the production of Model 3.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 12pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Tesla may delay scheduled weekly shipments of 10,000 parts in March by a few weeks until May or June, the report added.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 12pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Hota, which makes gears and axles for vehicles, and Tesla did not immediately respond to a request for comment.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 12pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Earlier this month, Tesla said production bottlenecks had left the company behind its planned ramp-up for the new Model 3 sedan. It began production of the model in July.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 12pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Hota shares were down 7.6 percent at 0530 GMT.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 8pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Source:http:\/\/www.reuters.com\/article\/us-tesla-taiwan-hota\/tesla-cuts-model-3-part-orders-to-taiwan-supplier-hota-report-idUSKBN1CW0H4<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/business\/tesla-cuts-model-3-part-orders-to-taiwan-supplier-hota.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Tesla cuts Model 3 part orders to Taiwan supplier Hota Tesla cuts Model 3 part orders to Taiwan supplier Hota: Luxury electric carmaker Tesla (TSLA.O) plans to slash by 40 percent its orders for parts for the new Model 3 mass-market sedan from Taiwanese auto component maker Hota Industrial Mfg. [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":49324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[30053,30054,30104,86805],"class_list":["post-49304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business-updates-usa-news","tag-current-business-updates-usa","tag-current-business-updates-usa-news","tag-tesla-cuts-model-3-part-orders-to-taiwan-supplier-hota"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/49304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=49304"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/49304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/49324"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=49304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=49304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=49304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}