US Stock Market Move | Apply for a British electricity supply license Tesla, Inc. (TSLA.US) rises nearly 4%

On Monday, Tesla, Inc. (TSLA.US) rose nearly 4%, reaching $342.88. On the news front, Elon Musk's electric car manufacturer and energy company Tesla, Inc. is preparing to supply electricity to homes and businesses in the UK. According to a statement on the official website of the UK energy regulatory agency Ofgem, this Texas-based company submitted an application for a power supply license to the regulatory agency at the end of last month. If the application is approved, Tesla, Inc. could potentially start competing with major companies in the UK energy market as early as next year.