Technology companies are always trying to increase their footprint on society. In the case of Tesla, the company is seemingly inclined to enter the UK electricity sector.
Most people are familiar with Tesla as a company right now.
Its main focus comes in the form of building and manufacturing electric vehicles.
Following some recent developments, the company is trying to focus on the UK market.
Not just in the form of electric cars either, but as an electricity provider.
A license application was filed earlier in the week.
If granted, Tesla will become active on this market through its Autobidder platform.
No further details regarding this application are known at this time.
There is no inclination as to why the company is trying to get in on this market or what it aims to do exactly.
Autobidder is a platform designed to facilitate automated energy trading.
To this date, it has only been put to the test at Tesla’s Hornsdale Power Reserve in Australia.
For the time being, it remains to be seen what the future will hold exactly.
More competition in the UK’s electricity sector can always be beneficial, assuming the license will be granted to Tesla.
The past week has been turbulent for Solana (SOL), containing several elements that together cut…
Tether has stirred things up in the crypto market once again. The first is that…
A prominent entity in the $VIRTUAL space has vacated their position in the asset, netting…
$RFC (RFindercoin) has achieved an important milestone in the memecoin world: It's now the 8th…
On April 7, 2025, activity in the memecoin market among smart money took a sharp…
While the wider world of cryptocurrency is in recovery, Michael Egorov, the founder of Curve…