Tesla Wants to Become an Electricity Retailer

Tesla Wants to Become an Electricity Retailer

Story By RAKESH SHARMA

Last week, Tesla Energy Ventures, a new subsidiary of electric car maker Tesla Inc. (Nasdaq: TSLA), filed an application to become a retail electricity provider in the state of Texas. According to reports, the company plans to sell electricity drawn from the grid to customers and from its battery storage products. Its grid transaction software may also enable customers for its solar panels to sell excess electricity back to the grid.

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