From the battle in the Gaza Strip to Elon Musk's pocket: The giant factory of electric vehicle giant Tesla will almost completely shut down production due to the effects of the Houthi naval blockade of the Red Sea and the Suez Canal, German news network Deutsche Welle reported on Friday.
According to the report, Tesla will almost completely shut down production at the gigafactory located near the capital Berlin, due to a shortage of parts for production. According to the report, the shortage stems from disruption caused to temporary maritime traffic schedules following the Houthi blockade of navigation through the Bab el-Mandeb Strait by the Houthis.
While the Houthis claim that they only target Israeli vessels or those sailing there, in practice some of the world's largest shipping companies have announced that they have stopped sailing in Egypt altogether, extending their sailings by almost two weeks.
The result of the changes in the sailing route is causing ongoing chaos in the global transport sector with implications for the price and delivery time of a huge amount of products worldwide.
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