AT&T Inc
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Communication Services : Diversified Telecommunication Services | Large Cap Value
Company profile

AT&T Inc. is a holding company. The Company is a provider of telecommunications, media and technology services globally. The Company operates through three segments: Communication segment, WarnerMedia segment, and Latin America segment. The Communications segment provides wireless and wireline telecom, video and broadband services to consumers. The business units of the Communication segment includes Mobility, Entertainment Group and Business Wireline. The WarnerMedia segment develops, produces and distributes feature films, television, gaming and other content over various physical and digital formats. WarnerMedia segment also includes Xandr, which provides advertising services. Latin America segment provides wireless services in Mexico. Mexico is the business unit of the Latin America segment. Its Xandr segment provides advertising services.


Last Trade
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Tesla applies to sell electricity to Texas residents: report

9:31 pm ET August 26, 2021 (MarketWatch)

By Mike Murphy

Tesla Inc. is seeking to sell electricity directly to customers in Texas, according to a new report.

Texas Monthly reported Thursday that a Tesla (TSLA) subsidiary earlier this month filed an application with the Public Utility Commission of Texas to sell power on the retail market. Tesla reportedly told state regulators it intends to build two giant, 250-megawatt batteries, one at its factory under construction near Austin, and the other outside Houston.

Electricity could be drawn from that grid or from Tesla home batteries, the report said, and Texans with solar panels on their homes could sell excess power to Tesla's grid as well.

About 120 other companies already sell electricity to consumers in Texas, which was hit by a calamitous cold snap in February that pushed the state's power grid to the brink and left many residents without electricity for days.

Tesla battery packs are planned to store energy at an Apple Inc. (AAPL) solar plant near Monterey, Calif., and it has a massive battery project in Australia.

-Mike Murphy


(END) Dow Jones Newswires

August 26, 2021 21:31 ET (01:31 GMT)

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