Wednesday, 2 September 2020

Tesla tests the circuits for German energy market push

By Vera Eckert, Christoph Steitz, Tom Käckenhoff and Edward Taylor
FRANKFURT (Reuters) - Elon Musk appears to be opening a new front in the European battle for electric car supremacy: the power behind the wheel.
Musk's Tesla <TSLA.O> has recently acquired a licence that will enable the carmaker to trade electricity across western Europe and the company has also been surveying customers in Germany about potentially using Tesla electricity in their cars.
Such moves, consultants and energy industry executives say, could set the stage for the company - possibly with one or more partners - to take on established utilities in Germany, Europe’s biggest power market and autos heartland.
Tesla declined to comment about its energy market plans.
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