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Tesla (NASDAQ: TSLA) Beats Analysts Projections By Posting 81% Higher YOY Sales Q1 2022 With Revenue Of $18.76 Billion And Earnings Of $3.22 Per Share On Larger Profit Margins; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Posi-tive On Electric Cars, Sees Bright Future For EV Charging Stations Business

In after-hours trading last evening, Tesla (NASDAQ: TSLA) stock jumped 5.57% to $1,031.60 after the company reported an 81% spurt in Q1 2022 YOY sales to $18.76 billion. That number beat analysts’ estimates, as did Tesla’s $3.22 per share income on higher profit margins. Next new thing for Tesla for 2024: A futuristic-looking Robotaxi with no steering wheel or pedals. Solar Integrated Roofing Corp. (OTC PINK: SIRC), through its PLEMco. subsidiary, continues to grow in the EV Charging Station sector.

stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).

Tesla (NASDAQ: TSLA) Beats Analysts Projections By Posting 81% Higher YOY Sales Q1 2022 With Revenue Of $18.76 Billion And Earnings Of $3.22 Per Share On Larger Profit Margins; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Positive On Electric Cars, Sees Bright Future For EV Charging Stations Business

Elon Musk, founder and CEO of Tesla, described the new Robotaxi first at a Texas plant opening and again on the newest quarter’s earnings call with the financial community.

“We aspire to reach volume production of that in 2024,” Musk said. “So I think that really will be a massive driver of Tesla’s growth.” Tesla (NASDAQ: TSLA) Beats Analysts Projections By Posting 81% Higher YOY Sales Q1 2022 With Revenue Of $18.76 Billion And Earnings Of $3.22 Per Share On Larger Profit Margins; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Positive On Electric Cars, Sees Bright Future For EV Charging Stations Business.

Despite scarce auto components and supply chain interruptions, Tesla continue to raise its numbers in profitability measurement. Its automotive gross margin rose again, this time to 32.9%.

The new futuristic Robotaxi will feature a self-driving element that will enable a Tesla-build vehicle to pick up and drop off passengers with out any driver at all. Musk insists it can be done.

Tesla (NASDAQ: TSLA) continues to confound Wall Street, with new models and concepts defying the odds.

To EV Charging Station installers like SIRC, Tesla’s continued growth only is more proof of the future of electric cars — and of the supporting EV Charging Station industry.

To that end, SIRC is an applicant for a name change to FINRA of SolarEV — reflecting its refocus on the electric charging station business for electric cars. SIRC is also an applicant for federal grant money to help build a nationwide network of EV Charging Stations. Tesla (NASDAQ: TSLA) Beats Analysts Projections By Posting 81% Higher YOY Sales Q1 2022 With Revenue Of $18.76 Billion And Earnings Of $3.22 Per Share On Larger Profit Margins; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Positive On Electric Cars, Sees Bright Future For EV Charging Stations Business.

Regarding SIRC’s EV Charging Station dedicated division, David Massey, Chairman and CEO of SIRC, said that the company is optimistic about the some $100 million in grants it is currently applying for. He declared that SIRC is focused on expanding its EV Charging Station business. He noted that 80% of all electric charging is done at home, and SIRC is very active in the installation of solar systems and rechargeable solar in the home. So SIRC installing EV Charging Stations in the home is a natural fit.

Tesla (NASDAQ: TSLA) also leads the industry worldwide in EV Charging Stations. As the Company delivers more record breaking profits, sales and higher gross margins, the electric car industry is making inroads into its 4% share of the new auto population in the U.S. For companies like Solar Integrated Roofing Corp. (OTC PINK: SIRC), it is a bullish indicator for its EV Charging Station business.

The newest Tesla financials were great news for SIRC, but the issue is larger than that — numerous OEM car companies and startups are seeking to secure market share in the electric car and truck industry. They include Ford (NYSE: F), General Motors (NYSE: GM), Rivian (NASDAQ: RIVN), plus several from Europe — ranging from BMW to Mercedes-Benz.

Rivian, the electric car and truck marker backed by Amazon (NASDAQ: AMZN) and Ford (NYSE: F), should grow the EV Charging Station industry further planning to build 25,000 vehicles in 2022. Amazon (NASDAQ: AMZN) and Ford (NYSE: F) have invested $10.5 billion in the new company.

Market Research Future detailed how quickly the EV Charging Station industry is growing. It is titled, “Electric Vehicle Charging Station Market.”

It analyzes the progress of Tesla (NASDAQ: TSLA), EVgo (NASDAQ: EVGO), ChargePoint (NYSE: CHPT) and other companies in the industry. The report finds that the electric EV Charging Station Market Is growing at a 37.51% CAGR and predicts it will reach $142.47 billion globally by 2028.

Tesla (NASDAQ: TSLA) Beats Analysts Projections By Posting 81% Higher YOY Sales Q1 2022 With Revenue Of $18.76 Billion And Earnings Of $3.22 Per Share On Larger Profit Margins; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Positive On Electric Cars, Sees Bright Future For EV Charging Stations Business

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.

Source: Stock Market Press

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