Guavaxf30
06-18
Yesterday all Solar stocks crashed with the Sunrun registering a collapse of 40%. This was due to Senate releasing a bill to cut off Solar tax credits. Now we have confirmation that the same Senate is also submitting a similar tax credit cut for EVs, what do we think will happen with Tesla's share prices ? Everyone has heard Elon Musk say that Tesla is not a car company. But the truth is, more than 90% of their revenue is from sales of EV cars.
Solar Stocks Plunge: How Will Tax Credit Phase-out Impact the Sector?
Solar stocks plunged: Sunrun and Solaredge dropped over 40%, Enphase Energy fell more than 26%, and First Solar declined over 20%. The U.S. Senate has proposed a plan to fully eliminate tax credits for solar and wind energy by 2028.
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