Is Tesla Expanding Beyond EVs Into Energy Supply in UK?

Key Takeaways Tesla can now supply electricity to homes and businesses across England, Scotland and Wales.The license follows prior UK energy projects, including Megapack storage and Powerwall virtual networks.Tesla plans to apply elements of its Texas electricity model in the UK market.Tesla (TSLA) has obtained approval from the UK energy regulator Ofgem to supply electricity directly to households and businesses across Great Britain, expanding its presence in the country’s energy sector. The license allow ...