Another basic question about localization:
Let $C$ be a presentable monoidal $\infty$-category and let $\mathcal{L} \hoorightarrow C$ be a reflective localization of $C$. Suppose that the equivalences in $\mathcal{L}$ are stable under tensor product with objects of $C$ so that we can induce the monoidal structure on $\mathcal{L}$. Must this be homology localization then? i.e. a localization w.r.t. all morphisms which become equivalences after tensoring with some fixed collection of objects of $C$