Tesla Berlin to stop most output for two weeks due to Red Sea disruption

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Automotive

Reuters exclusively reported that Tesla (TSLA.O) will suspend most car production at its factory near Berlin from Jan. 29 to Feb. 11, the company said late on Thursday, citing a lack of components owing to shifts in transport routes because of attacks on vessels in the Red Sea. It is the first company to disclose an interruption to output resulting from the diversion.

Market Impact

The company’s shares fell more than 3% in pre-market U.S. trade on Friday on the news. 

Article Tags

Topics of Interest: Automotive

Type: Reuters Best

Sectors: Climate ChangeTransport & Logistics

Regions: Europe

Countries: Germany

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story



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