China Lockdowns Pose Earnings Risk For Major Industrial Stocks and Autos like Tesla

Industrial firms warned against China's strict COVID-19 curbs, intensifying supply chain disruptions and rising uncertainty about the business outlook, Reuters reports.
Even as companies shuffled to keep up with soaring costs of everything from labor to raw materials, the Russian invasion of Ukraine and related Western sanctions drove up energy prices.
General Electric Company GE did not see the inflation offset in 2022 and became more decentralized to improve prices.
3M Company MMM, already struggling with chip shortages and high raw materials costs, looked to continue to increase prices to offset inflationary and supply chain costs echoing that GE had already raised prices.
SK Hynix Inc HXSCL saw China's lockdown as the most significant risk driving weaker chip demand in mobile and personal computers.
LG Display Co, Ltd LPL said supply chain problems caused by the lockdowns affected panel production and shipments in the March quarter.
Texas Instruments Incorporated TXN and STMicroelectronics N.V. STM flagged disruptions due to China's curbs.
Mercedes Benz Group AG DMLRY saw supply chain bottlenecks and chip shortages hurt its business throughout the year due to China's lockdowns. Tesla, Inc TSLA and General Motors Company GM increased prices to offset inflationary costs.
Price Action: TXN shares traded lower by 3.82% at $162 in the premarket on the last check Wednesday.
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