Tesla puts the brakes on its German production because of Red Sea attacks.

Hello you're listening to the marketplace morning report live from the BBC World Service.

I'm Leanna Byrne and a very good morning to you. Tesla has been forced to suspend operations at its factory near Berlin for two weeks because attacks by Hooty rebels in the Red Sea have delayed shipments of auto parts.

The US and the UK have launched air and sea strikes against

hooty military targets and retaliation for the disruption to global trade. The rebels say

the attacks are in support of Hamas and our targeting ships linked to Israel.

With more here's the BBC's business reporter Jonathan Joseph's. Hi Jonathan.

Hi Jonathan.

Jonathan what has Tesla said? We've heard from Tesla a short statement through the Reuters News Agency

talking about the fact that the conflict in the Red Sea means that they are having to

suspend production at their factory in Germany where they make cars

primarily for the European market. It's a first time that I certainly have

seen a major company like this a suspended production since these

attacks began in November. We've heard other companies, few retailers, I'm talking

about delays in supply chains, but actually suspending production is something a little bit different.

And the shipping giant Merisk mentioned potential price increases for consumers, what was said?

So we've been speaking to the boss of Mask which is the world's second biggest

shipping line. Vincent clerk has been talking about the fact that these

delays are going to cause inflation. They are putting more costs into supply chains.

For instance, it costs an extra million dollars to send a cargo ship around the south of Africa

rather than Suis Canal and through the Red Sea.

That's just the fuel cost on top of that you'll have

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