Tesla pleads for Senate to spare its booming energy business

Tesla is a business built, in part, on government regulations and incentives, from a Department of Energy loan guarantee in 2009 to the regulatory credits it sells to other automakers, which have driven a third of its $32 billion in profits since 2012. Now, the company’s energy business — a rare bright spot amid faltering demand for its EVs — is under assault. House Republicans passed a reconciliation bill last week that would undo much of the Inflation Reduction Act, including tax credits for residential ...