The rose sharply after the Senate narrowly passed President Donald Trump’s tax-and-spending bill. CEO Elon Musk criticized Trump’s bill, calling it “utterly insane and destructive,” while the president suggested that the Department of Government Efficiency (DOGE)–the department Musk helped run until the end of May–should look into his companies’ government subsidies. Sunrun jumped 11%, SolarEdge Technologies rose 7.2%, and solar and wind stocks soared as Republican legislators stripped an excise tax on renewable energy projects from Trump’s bill.