Just In Time For Summer Driving Season, Hertz Is Adding Tesla (NASDAQ: TSLA) Model Y Vehicles To Its Rental Fleets At Seven US Airports Which Are Re-ally ‘Test Drives’ For Renters; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Bullish On Its EV Charging Station Business
Just in time for summer driving season, rental giant Hertz is preparing to add Tesla (NASDAQ: TSLA) Model Y to its new 100,000 vehicle rental fleet order — in addition to the Tesla Model 3 sedan it announced it was adding last fall. At some $175 per day mid-week cost, a Hertz renter can soon request those Tesla models. For some customers, this will represent a test drive. Drivers can see how the all-electric car feels and see how many Tesla EV Charging Stations are on the road. To Solar Integrated Roofing Corp. (OTC PINK: SIRC), the move is a great one for its EV Charging Stations business through subsidiary PLEMCo., and electric cars in general.
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), ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO), 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).
Just In Time For Summer Driving Season, Hertz Is Adding Tesla (NASDAQ: TSLA) Model Y Vehicles To Its Rental Fleets At Seven US Airports Which Are Really ‘Test Drives’ For Renters; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Bullish On Its EV Charging Station Business
Analysts have maintained that renting electric cars would only aid electric car sales — because drivers have test driven these models without sales pressure. Tesla has its own test-drive program for potential buyers, but this is another one.
Range anxiety remains a sales hampering issue. Tesla’s (NASDAQ: TSLA) Model 3 has a range of 260 miles while the upper scale Model Y has a range of 330 miles on a single charge.
The addition of Tesla vehicles at Hertz will receive a special marketing push — a new ad campaign featuring NFL star quarterback Tom Brady. Rentals of Tesla Model Y will begin in April. Just In Time For Summer Driving Season, Hertz Is Adding Tesla (NASDAQ: TSLA) Model Y Vehicles To Its Rental Fleets At Seven US Airports Which Are Really ‘Test Drives’ For Renters; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Bullish On Its EV Charging Station Business.
Meanwhile, all this comes at a time when Tesla (NASDAQ: TSLA) is taking thousands of dollars on price hikes on its models, accord to CBS News. Inflation is now seen as hitting 7.9% and Tesla is reacting with significant price increases on its models to compensate. Supply chain components and parts — such as computer chips — are harder to obtain at almost any price.
The price hikes by Tesla (NASDAQ: TSLA) include:
— Tesla Model X has risen in cost to $114,900, a $10,000 jump
— Tesla has increased its Model S price to $99,990, a $5,000 boost
— Model 3 has received a $3,000 hike to $61,990
— Model Y rose $4,000 to $62,990
Price increases and scarcity of supply are impacting materials such as aluminum, nickel and palladium. The Russian-Ukraine War is also making metal prices more expensive. Just In Time For Summer Driving Season, Hertz Is Adding Tesla (NASDAQ: TSLA) Model Y Vehicles To Its Rental Fleets At Seven US Airports Which Are Really ‘Test Drives’ For Renters; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Bullish On Its EV Charging Station Business.
To SIRC, the Hertz-Tesla electric car activity is seen as a positive for SIRC’s supporting EV Charging Station industry. In addition to having subsidiary PLEMCo., to install EV Charging Stations, SIRC has recently announced it signed an LOI to acquire three complementary LA-based Ev Charging Station companies. It also said it is refocusing its business plan to concentrate on the EV Charging Station business.
SIRC is watching the mind-bending sales, market share and profit performance of Tesla (NASDAQ: TSLA) with a keen eye on the EV Charging Station aftermarket that offers high profit margins. Although Tesla’s chargers are proprietary to Tesla vehicles only, SIRC subsidiary PLEMCo., would benefit by charging vehicles for other brands, including: General Motors (NYSE: GM), Ford (NYSE: F), Toyota (NYSE: TM) plus other domestic brands and off-shore OEM car companies.
Consumers may know car brands, but in EV Charging Stations they are not brand savvy — yet. They don’t care who installs them or brands them, they just want fast chargers liberally sprinkled along motorways to relive range anxiety.
At just 4% of the U.S. new car population, electric vehicles are still in their infancy. It remains a wide-open field for car makers a well as EV Charging Station installers. While other automakers exhibited only tepid manufacturing in 2021, Tesla (NASDAQ: TSLA) soared. Its record profit and sales numbers showed that.
SIRC’s PLEMCo., can play a major role in the sweetest profit spot of all — the EV Charging Industry that will support it all. Consumers simply want to see more EV Charging Stations.
That’s great news for Solar Integrated Roofing Corp. (OTC PINK: SIRC) and its PLEMCo. subsidiary.
Just In Time For Summer Driving Season, Hertz Is Adding Tesla (NASDAQ: TSLA) Model Y Vehicles To Its Rental Fleets At Seven US Airports Which Are Really ‘Test Drives’ For Renters; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Bullish On Its EV Charging Station Business
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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