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Tesla temporarily halts production at its biggest European factory.
The company blames the two-week pause at its German Gigafactory on a component shortage caused by shipping disruptions in the Red Sea — a major trade route between Asia and Europe.
Iranian-backed Houthi militants have increasingly targeted cargo ships in the region following the start of the Israel-Hamas war on October 7th. Delays caused by shipping companies re-routing around the conflict are also impacting production at Volvo.
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