Tesla goes full power

Tesla recently applied to supply electricity to British homes. In the UK, power is generated by certain companies, the grid is owned by another company, and then many more companies sell the power to customers. Tesla is applying to be part of the final leg of the journey. It could take the regulator around 9 months to approve the application.

Tesla is an electricity supplier in other parts of the world already, so this isn't new to them. In Texas, Tesla allows owners of its EVs to charge their cars cheaply and pays them for feeding surplus electricity back to the grid. They will probably be aiming to do something similar in the UK, to make their cars more appealing. Tesla sales have been smashed this year in Europe, down 60% in the UK, so they need to do something.

Given that this is a secondary business for Tesla, they don't need to have pricing discipline. I would be nervous if I was one of the other power suppliers in the UK, as Tesla could significantly shake things up.