Solar Firm Linked to Obama Donors Could Be ‘Next Solyndra,’ top GOP Sen. Warns

Photo Credit: REUTERSA California-based solar company backed by several Obama supporters has been receiving millions in federal tax credits while losing $322 million since 2008, raising concerns about the company “becoming the next Solyndra.”

Among SolarCity Corp.’s biggest investors is Elon Musk — the high-profile donor and fundraiser who co-founded PayPal and whose companies SpaceX and electric-car company Tesla Motors have received at least $846 million in loans and startup money from the Obama administration.

Alabama Sen. Jeff Sessions, the top Republican on the Senate Budget Committee, warned about SolarCity’s financial standing in a letter Monday to the Treasury Department.

“There is concern that SolarCity might become the next Solyndra — a company propped on the back of the taxpayers,” Sessions wrote.

The company fired back Tuesday, specifically against the Solyndra comparison.

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