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...