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

Updated Jan. 12, 2024 1:45 pm ET

BERLIN—Tesla plans to halt manufacturing at its solely massive manufacturing facility in Europe for 2 weeks due to an absence of components, an indication of how the fallout from latest assaults on ships within the Red Sea is beginning to ripple by means of the worldwide economic system.

Yemen-based, Iran-backed Houthi fighters have launched successive assaults on industrial ships navigating the essential commerce route in latest months, disrupting flows of products between Asia and Europe and threatening to widen the battle within the Middle East.

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Source: wsj.com