TAIPEI (Reuters) - Luxury electric carmaker Tesla (>> Tesla) 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 (>> Hota Industrial Manufacturing Co. Ltd.) from December, according to a media report.

Shares of the parts maker dropped nearly 9 percent after the Economic Daily News reported, citing Hota Chairman Shen Kuo-jung, 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 "bottleneck" in the production of Model 3.

Tesla may delay scheduled weekly shipments of 10,000 parts in March by a few weeks until May or June, the report added.

Hota, which makes gears and axles for vehicles, and Tesla did not immediately respond to a request for comment.

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.

Hota shares were down 7.6 percent at 0530 GMT.

(Reporting by Jess Macy Yu, Editing by Miyoung Kim and Himani Sarkar)

Stocks treated in this article : Tesla, Hota Industrial Manufacturing Co. Ltd.