Elon Musk’s Tesla granted licence to supply power to UK homes
Elon Musk’s Tesla can soon start supplying British homes with electricity after it was granted a licence this week, bringing a new competitor into the market at a time of heightened worries over rising bills.
The country’s energy regulator Ofgem said Tesla Energy Ventures, a unit of Tesla (TSLA.O), had now been approved as an electricity supplier after a process which began last July.
The new licence positions Tesla, the Texas-based company owned by billionaire Musk, for expansion in Britain...