Tesla will shut down its Berlin gigafactory for about two weeks, from January 29 to February 11, due to a lack of components as a result of a Red Sea blockade, according to Reuters.
The Red Sea is home to important shipping lanes, particularly between Asia and the Mediterranean through the Suez Canal in Egypt. The Canal transports about an eighth of global trade and a third of global container traffic, and is particularly important for shipping between Asia and the Mediterranean.
We’ve heard about Red Sea supply disruptions before, but these are different than those we’ve experienced in the past. In the years around 2010, piracy was a big issue off the Eastern coast of Africa and in the Gulf of Aden, particularly around Somalia, escalating during the Somali Civil War. But Somali piracy was largely…