Tesla has received regulatory approval from UK energy regulator Ofgem to operate as an electricity supplier through its new Energy Ventures division. This move positions Tesla to compete directly with established UK energy providers like Octopus Energy. The approval marks Tesla's expansion beyond electric vehicles into the competitive energy retail market.
Background
Tesla has been expanding beyond electric vehicles into energy storage and solar products through products like Powerwall and Solar Roof. The company has been gradually building capabilities to become a full-service energy provider.
- Source
- TechCrunch
- Published
- Mar 13, 2026 at 12:36 AM
- Score
- 7.0 / 10