<ul><li>Tesla's energy business, which brought in $2.7 billion in revenue in the first quarter, is facing threats as House Republicans pass a bill that would undo tax credits for residential solar installations and clean energy projects.</li><li>Tesla has appealed to the Senate to spare the tax credits, warning that abrupt removal could harm America's energy independence and the reliability of the grid.</li><li>The potential repeal of tax credits could jeopardize the deployment of 60 gigawatts of capacity annually, impacting AI and domestic manufacturing growth supported by renewable energy.</li><li>Tesla's energy division and other residential solar installers heavily rely on these tax incentives, and the uncertainty around their future has caused American solar stocks to decline.</li></ul>

Tesla pleads for Senate to spare its booming energy business

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