Current:Home > FinanceTesla puts German factory production on hold as Red Sea attacks disrupt supply chains -Elevate Money Guide
Tesla puts German factory production on hold as Red Sea attacks disrupt supply chains
View
Date:2025-04-15 13:33:35
BERLIN (AP) — Tesla says it’s temporarily halting most production at its German factory because of attacks in the Red Sea, a vital global shipping corridor.
The electric vehicle maker said in a statement Thursday night that its factory near Berlin, which makes Model Y vehicles and batteries, will pause from Jan. 29 to Feb. 11.
It’s a fresh sign of how the hostilities in the Mideast are disrupting global manufacturing supply chains, with shipping companies reporting that they’re being forced to reroute vessels carrying goods and components on the longer route around the southern tip of Africa. Analysts say the detour adds 10 days or more to the journey.
“The armed conflicts in the Red Sea and the associated shifts in transport routes between Europe and Asia via the Cape of Good Hope are also affecting production in Grünheide,” Tesla said. “The significantly longer transport times create a gap in the supply chains.”
The U.S. led airstrikes on Thursday against Yemen’s Houthi rebels in response to their attacks on Red Sea shipping,
Tesla said normal operations are expected to resume on Feb. 12. The factory in Grünheide, southeast of Berlin, is Tesla’s first in Europe. It opened in 2022 and employs 11,000 workers.
veryGood! (953)
Related
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Growing concerns from allies over Israel’s approach to fighting Hamas as civilian casualties mount
- U.S. arm of China mega-lender ICBC hit by ransomware attack
- How Rachel Bilson Deals With the Criticism About Her NSFW Confessions
- Global Warming Set the Stage for Los Angeles Fires
- Myanmar military court sentences general ousted from ruling council to 5 years for corruption
- Alo Yoga Early Black Friday Sale Is 30% Off Sitewide & It’s Serving Major Pops of Color
- Mitch McConnell, standing apart in a changing GOP, digs in on his decades-long push against Russia
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Dozens of Chinese ships chase Philippine vessels as US renews warning it will defend its treaty ally
Ranking
- The White House is cracking down on overdraft fees
- UK police step up efforts to ensure a massive pro-Palestinian march in London remains peaceful
- 5.0 magnitude quake strikes Dominican Republic near border with Haiti
- Biden and Xi are to meet next week. There is no detail too small to sweat
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- 'Cake Boss' Buddy Valastro returns to TV with two new shows, update on injured hand
- John Stamos talks joining the Beach Boys and being SO. HANDSOME.
- John Bailey, who presided over the film academy during the initial #MeToo reckoning, dies at 81
Recommendation
Bill Belichick's salary at North Carolina: School releases football coach's contract details
The Excerpt Podcast: Man receives world's first eye transplant
IRA limits in 2024 are rising. Here's what you need to know about tax savings.
Khloe Kardashian Gives Inside Look at 7th Birthday Party for Niece Dream Kardashian
Senate begins final push to expand Social Security benefits for millions of people
Colorado star Shedeur Sanders is nation's most-sacked QB. Painkillers may be his best blockers.
Judge in Trump documents case declines to delay trial for now
Myanmar military court sentences general ousted from ruling council to 5 years for corruption