Tesla (NASDAQ: TSLA) is confident in this new week (April 25, 2022) after holding its $1,000 per share price last Friday in after-hours trading when the market dropped almost 1,000 points. Tesla is a big news maker: Elon Musk, CEO, seeking to buy Twitter, Tesla 81% YOY financial performance for Q1 2022, the announcement of a new driverless Robotaxi with no steering wheel or pedals by 2024 and more new plants in Germany and Texas. Add it all up: it’s a lot of news. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big Opportunity In Electric Cars, EV Charging Stations.
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) Confident In New Week’s Performance After Holding $1,000 Share Price Friday In Down Market; 1Q 22 Fiscal Performance Beat Analysts Projections Wh 81% Higher YOY Sales Q1 2022 Of $18.76 Billion And $3.22 EPS On Larger Profit Margins; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big Opportunity In Electric Cars, EV Charging Stations
Tesla (NASDAQ: TSLA) was really a major news maker last week — as well as an eye-popping financial performer. It’s clear now with the 2024 plans for the driverless RoboTaxi vehicle that Tesla is in a league of its own, with other electric OEM auto makers following its lead. A driverless RoboTaxi?
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. 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%.
In this bizarre new world of flying cars and driverless taxis, Solar Integrated Roofing Corp. (OTC PINK: SIRC), through its PLEMco. subsidiary, continues to grow in the EV Charging Station sector. Tesla (NASDAQ: TSLA) Confident In New Week’s Performance After Holding $1,000 Share Price Friday In Down Market; 1Q 22 Fiscal Performance Beat Analysts Projections With 81% Higher YOY Sales Q1 2022 Of $18.76 Billion And $3.22 EPS On Larger Profit Margins; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big Opportunity In Electric Cars, EV Charging Stations.
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. Perhaps staid financial analysts did not believe him. Also coming in the future is a project X electric car — supposedly mid-priced. But with spiraling prices for Tesla components, who knows where that price could be.
Musk is also making news on social media with his financing now in place for a takeover of Twitter. In all of this, the electric car business is extending its influence far beyond vehicles themselves. Musk is breaking all the rules — and that is a good thing for the active competitors and companies like SIRC which install the supporting EV Charging Stations the electric car industry needs.
Tesla (NASDAQ: TSLA) Confident In New Week’s Performance After Holding $1,000 Share Price Friday In Down Market; 1Q 22 Fiscal Performance Beat Analysts Projections With 81% Higher YOY Sales Q1 2022 Of $18.76 Billion And $3.22 EPS On Larger Profit Margins; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big Opportunity In Electric Cars, EV Charging Stations
To EV Charging Station installers like SIRC, Tesla’s continued growth offers 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 corporate 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.
Regarding SIRC’s EV Charging Station dedicated division, David Massey, Chairman and CEO of SIRC, said that the company is optimistic about the some $80 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) Confident In New Week’s Performance After Holding $1,000 Share Price Friday In Down Market; 1Q 22 Fiscal Performance Beat Analysts Projections With 81% Higher YOY Sales Q1 2022 Of $18.76 Billion And $3.22 EPS On Larger Profit Margins; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big Opportunity In Electric Cars, EV Charging Stations
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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