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Tesla applies for a license in Britain: how it will affect the electricity market

Tesla планує отримати ліцензію у Великій Британії: що це означає для енергетичного сектора. Photo: glavcom.ua
Elon Musk's company has submitted an application for a license to supply electricity in the United Kingdom. Tesla is approaching the British regulator for the first time, requesting a license to supply electricity to households and businesses in the UK. This move indicates the rapid expansion of the company's energy business, which already has a successful energy service in the US and is actively working on the development of solar energy and energy storage.

However, during the application process, Tesla is facing difficulties - car sales in Europe are rapidly declining, exceeding 50% in several countries, while Chinese competitor BYD is showing growth. Tesla's financial performance is also unimpressive - revenue and profit have decreased, and sales volumes have fallen. One of the factors affecting this is Musk's political statements and his conflict with Donald Trump. The situation is complicated by Musk's plans to create a new political party in the US, which raises concerns among investors.