QualityStocksNewsBreaks – Tesla Inc. (NASDAQ: TSLA) Urges Senate to Preserve Clean Energy Tax Credits Amid Legislative Threats
Tesla (NASDAQ: TSLA) is actively lobbying the U.S. Senate to retain key clean energy tax credits that are under threat from a House-passed reconciliation bill. The proposed legislation aims to roll back significant portions of the Inflation Reduction Act, including the 30% tax credits for residential solar installations and clean energy projects, which are currently set to expire in 2032. Tesla's energy division, which reported a 67% year-over-year revenue increase to $2.7 billion in Q1 2025, heavily relies on these incentives. The company warns that abrupt termination of these credits could jeopardize America's energy independence and hinder the deployment of…