Tesla Suppliers in Asia Rally After Company’s Surprise Profit
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Tesla Inc.’s surprise return to profitability is giving its Asian suppliers a boost.
Bizlink Holding Inc., which derives about 5.4% of its revenue from Tesla according to Bloomberg data, gained as much as 5.7%. Fellow Taiwan-listed company Hota Industrial Manufacturing Co. advanced 9.5% while Tianjin Motor Dies Co. jumped the 10% daily limit in Shenzhen. Guangdong Wencan Die Casting Co. climbed 6%, while Ningbo Xusheng Auto Technology Co. rose 4%.