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Automotive
12 January 2024, 6:56 am 1 minute
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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