Musk's Tesla applies to supply power to British homes

Elon Musk's Tesla applies for UK electricity supply license in move to challenge traditional energy firms. The application could allow Tesla to offer electricity to homes and businesses in England, Scotland, and Wales by next year if approved by energy regulator Ofgem. This strategic expansion into energy supply complements Tesla's EV, solar, and battery storage businesses and seeks to capitalize on its existing customer base in the UK. Tesla's application comes at a time when its EV sales in Europe have faced challenges amidst tough competition and market fluctuations.