Tesla shares at a glance: Subsidiary receives electricity license in Great Britain

• Tesla Energy Ventures receives electricity license in Great Britain
• Energy prices rise – British households protected by regulated tariffs for now
• Energy business offers potential for stable income

Tesla Energy Ventures, a subsidiary of Elon Musk’s electric car company Tesla, has received approval as an electricity supplier in Great Britain, according to Reuters. This means that a new competitor is appearing on the market in times of rising electricity prices. The company submitted an application for an electricity supply license to the Office of Gas and Electricity Markets (Ofgem) in July last year.

Expansion of activities in Great Britain

With a new license, Tesla is creating the basis for expanding its activities in Great Britain. The company of Elon Musk plans to compete directly with established providers such as Octopus Energy, British Gas and EDF with its solar energy and battery storage business.

Another subsidiary, Tesla Motors Limited, already has a license to generate electricity in the United Kingdom. Some customers are using home storage solutions powered by solar power to charge their electric cars. Unused electricity can be fed into the public grid.

Rising energy prices

Meanwhile, energy prices have risen significantly as a result of the conflict in Iran, sparking concerns about rising costs among many households in the UK. In the short term, most consumers are protected from higher gas and electricity prices through regulated tariffs until July. However, if the crisis lasts longer, pressure on the government to take further support measures is likely to increase.

Opportunities for Tesla

This step could offer opportunities for Tesla. While the company is struggling with cyclical fluctuations and strong competitive pressure in the auto sector, the energy business is growing and Tesla Energy Ventures can generate regular monthly cash flows as an electricity supplier.

So far, the energy division still accounts for a smaller part of Tesla’s total sales, but it is growing significantly faster than the car division. Analysts often no longer see Tesla as a pure car manufacturer, but rather as a technology company. The success in Great Britain could therefore underpin price targets that are well above the current average.

Tesla shares in focus

Tesla shares have lost around twelve percent of their value on the US technology exchange NASDAQ since the beginning of the year. However, within the last twelve months, the shares have increased by around 58 percent. Tesla shares last cost $395.56.

According to TipRanks, analysts are divided on Tesla shares: In the last three months, 31 Wall Street analysts have issued a 12-month price target for Tesla shares. Of these, 13 recommend buying the shares, while eleven have given a “hold” rating and seven analysts recommend selling the shares. The average price target is $399.25, with a high forecast of $600.00 and a low forecast of $25.28. On average, the analysts no longer see any upside potential: the average price target corresponds almost exactly to the last price of Tesla shares of $399.27 (as of: closing price on March 17, 2026).

Julia Walter, editorial team at finanzen.net

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