economy
March 12, 2026
Elon Musk’s Tesla given go-ahead to supply electricity in Great Britain
Ofgem licence means firm can replicate Texas setup of powering homes, businesses and EVs
TL;DR
- Tesla has obtained an electricity supply license from Ofgem to serve Great Britain.
- The company intends to replicate its 'Tesla Electric' business model from Texas.
- This model offers sustainable electricity for homes, businesses, and electric vehicles.
- Tesla's UK sales have recently declined due to increased competition and controversy surrounding Elon Musk's political statements.
- The company is introducing a lower-priced Model 3 in Europe to boost sales.
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