"Tesla Misses Targets, Sends Asian EV Supplier Stocks Tumbling"
Shares of Tesla's Asia suppliers, including LG Display, LG Energy Solution, Panasonic Holdings, and Samsung SDI, tumbled after the automaker missed fourth quarter revenue and profit targets and warned of slower sales this year. Tesla's rivals in Asia, such as BYD, Nio, Xpeng, and Li Auto, also saw declines in their stock prices. The disappointing results from Tesla and its downbeat production outlook for the year impacted the entire electric vehicle industry, with revenue and earnings per share missing expectations.