With its car business in a nosedive, the company is making a dramatic pivot to become the UK’s next big power company. The UK’s energy sector generates over $200 billion a year and a slice of that could be exactly what Musk is looking to use to shore up Tesla.
Controversial lightning rod Elon Musk is making major moves in the United Kingdom, as his electric car company Tesla looks to find new ways to diversify its income streams.
According to OFGEM, the U.K. energy regulator, Tesla has formally applied for a license to sell electricity to households and businesses across Britain.
Approval of that application could be a major boost for both Musk and Tesla, which has seen sales skid as Musk has become an increasingly polarizing figure in American politics.
Data published last week by the U.
