Tesla to Halt Production in Germany as Red Sea Conflict Hits Supply Chains.

Tesla plans to halt production at its factory near Berlin for two weeks due to a lack of parts caused by disruptions in the supply chain. Recent attacks on ships in the Red Sea by Houthi rebels have led to longer shipping routes and delays, impacting companies across various industries. Volvo Cars and Siemens have also experienced supply chain restrictions, while companies like IKEA have warned of potential operational impacts. The situation in the Red Sea is reminiscent of previous disruptions caused by the Covid-19 pandemic and semiconductor shortages. While some European manufacturers have not been significantly affected, others are closely monitoring the situation. [Extracted from the article]