Zinger Key Points Clean energy stocks react on Monday after Trump’s new spending bill introduced a tax on wind and solar projects that use parts from China. The bill also accelerates the phase-out of tax credits compared to earlier versions of the legislation. Read Next: Cathie Wood’s Alpha Surge: $250 Million Circle Windfall, Big AMD Buys The Senate is preparing to vote on the bill, which would eliminate the two main tax incentives for solar and wind projects that begin operations after 2027, according to CNBC. Elon Musk, CEO of Tesla, criticized the bill on X, calling it "utterly insane and destructive" and warning it would destroy American jobs and harm the country's strategic interests while favoring older industries over emerging ones. Earlier versions of the bill were more favorable to clean energy, allowing projects started before 2027 to qualify for investment and production tax credits. The newest version of the bill also imposes a tax on solar and wind projects that begin after 2027 if they include Chinese-made components. Despite the overall negative impact, some areas benefited: rooftop solar companies saw gains, with Sunrun, Inc. RUN