this post was submitted on 31 Oct 2023
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RealTesla

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Tesla Tanked on a Strong Day for Nasdaq. This Company Spooked Investors. (www.barrons.com)
submitted 1 year ago* (last edited 1 year ago) by dragontamer to c/realtesla
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TL;DR: On Semiconductors, one of the biggest makers of power transistors and motor control chips, has cut production of these chips.

This means that On-Semiconductor, expects EV sales to slow (probably the biggest industry user of power-transistors and motor control).

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