Tesla becomes a utility in the UK, setting up showdown with Octopus Energy

Tesla has received an official license from the UK's Office of Gas and Electricity Markets to operate as a utility, meaning it can now sell electricity directly to homes and businesses. This move builds on Tesla's existing energy business, which includes battery products like the Powerwall and a virtual power plant (a network of distributed batteries that can supply electricity to the grid), and will put it in competition with established UK utilities like Octopus Energy.