Here is a comparison with np.einsum
to show how the indices are projected
np.allclose(np.einsum('ijk,ijk->ijk', a,b), a*b) # True
np.allclose(np.einsum('ijk,ikl->ijl', a,b), a@b) # True
np.allclose(np.einsum('ijk,lkm->ijlm',a,b), a.dot(b)) # True