Lexus Sneak Peeks Its Electric Model RZ 450e As It Brings Luxury To Space While Competitor Tesla (NASDAQ: TSLA) Focuses On Deliveries Of Existing Models; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Its PLEMCo., Sub-sidiary See Opportunity In EV Charging Stations
Lexus finally showed sneak peek photos of its new electric crossover model RZ 450e. It brings a new luxury to the electric car market while leader and competitor Tesla (NASDAQ: TSLA) prefers to stand pat on its model lineup and will focus in 2022 on making deliveries on the orders it has in hand for its existing model lineup. BMW, Mercedes-Benz and other luxury cars are entering the electric car/truck field. No matters who wins, Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Its PLEMCo., are well positioned to service both with any EV Charging Stations it builds.
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).
Lexus Sneak Peeks Its Electric Model RZ 450e As It Brings Luxury To Space While Competitor Tesla (NASDAQ: TSLA) Focuses On Deliveries Of Existing Models; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Its PLEMCo., Subsidiary See Opportunity In EV Charging Stations
Tesla (NASDAQ: TSLA) is the undisputed market leader for electric vehicles and its proprietary EV Charging Stations own a 56% market shareof the after-market. After announcing astounding record annual earnings of $5.5 billion on sales of $53.8 billion in 2022, Tesla now appears comfortable sitting back on taking a breather from launching new models.
Elon Musk, founder and CEO, predicted Tesla will achieve 50+% performance in 2022 without launching new electric vehicle models. Some critics see that as an achilles heel for Tesla — letting competitors debut new cars/trucks. Solar Integrated Roofing Corp. (OTC PINK: SIRC) hopes Tesla’s overwhelming financials will accelerate electric vehicles, creating more demand for subsidiary PLEMCo.’s EV Charging Stations.
Lexus is an upscale brand positioned again high-end European models. It will launch the new electric crossover model in 2022. It is sleek, high end and will appeal to the loyal base of Lexus drivers when it comes time for a trade-in or new lease.
The new model offers a sloping roofline, an integrated rear spoiler and a controversial black plastic rear bumper.
Auto designers may like some elements and dislike others, but that is not important. It is a Lexus, and that is enough for Lexus owners now. It will be the first dedicated Lexus electric vehicle.
Elon Musk, CEO, sees the reality of Tesla’s (NASDAQ: TSLA) situation. Customers have committed to deliveries against a backlog of some 10 months. So is he wrong to focus on cleaning the deliveries for orders Tesla already has, or maintain momentum and launch new vehicles?
Analysts are particularly eager for Tesla (NASDAQ: TSLA) to introduce the low-priced $25,000 car Musk previously teased. That would attract new buyers, but is it even possible in today’s OEM environment. Parts are scarce and more expensive. Semi conductor chips are hard to find. For Tesla, then, this could be a clean year for a torrent of existing orders. It will also the company a respite so it can build a new factory in Germany and expand its production facility in California.
At the volume and profit he has made in 2021, Musk can choose in 2022 to deliver electric cars/trucks he has already sold. Is he losing momentum by trying to catch up on deliveries this year without launching new models? He can do what he wants.
SIRC can’t make proprietary EV Charging Stations for Tesla (NASDAQ: TSLA). However, it is watching closely the OEM plans of General Motors (NYSE: GM) and Ford (NYSE: F) plus others as they commit to electrify their car/truck fleets. It is also watching the launch plans of the electric crossover car from Lexus.
One reason Tyson Jominy of research firm J. D. Power was ‘exercised’ in The Wall Street Journal about Tesla’s slowing down of new electric cars/trucks entries may have been self-involved. After all, JD Power is the premier researcher when it comes to new OEM vehicle experiences. Without any new Tesla (NASDAQ: TESLA) models to rate, JD Power loses as well.
Prior J.D. Power research studies have shown that electric car buyers like electric vehicles — but are not brand loyal. Lexus Sneak Peeks Its Electric Model RZ 450e As It Brings Luxury To Space While Competitor Tesla (NASDAQ: TSLA) Focuses On Deliveries Of Existing Models; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Its PLEMCo., Subsidiary See Opportunity In EV Charging Stations.
To SIRC’s PLEMCo., subsidiary, the after-market of EV Charging Stations will be a lucrative and multi-year opportunity. Consumers are not brand-loyal in electric vehicles and really don’t care who builds or brands the EV Charging stations they use often or on longer road trips.
SIRC sees opportunity for building EV Charging Stations for electric vehicles from General Motors (NYSE: GM), Ford (NYSE: F), Toyota (NYSE: TM) plus other domestic brands and off-shore OEM car companies. SIRC itself is an applicant for $80 million of government funding to build new EV Charging Station
We know Tesla delivered a whopping 87% increase or 936,000 more new cars last year. Despite many new electric car/truck entries coming this year and in the future, Tesla is the EV company to watch as it sets the pace.
Further, OEM car makers are watching as Tesla (NASDAQ: TSLA) set new records for efficiency. It reported a cost efficiency figure of 29.3% last year vs. 25.6%. This is a closely watched figure in the automotive industry and reflects a no-fat industrial performance in the face of supply chain shortages and delays.
Tesla (NASDAQ: TSLA) is getting closer to expanding its footprint to Europe with a new factory in Germany. It is also expanding its existing facility in California.
Tesla (NASDAQ: TSLA) is raising the level of awareness of electric cars among investors and competitors.
SIRC is a comprehensive alternative energy company with its core businesses in solar and roofing now. But it’s future could be different and even stronger if electric vehicles take off as researchers predict. The EV Charging Station aftermarket looms lucrative.
Consumers may know car brands, but in EV Charging Stations they are not brand savvy. They don’t care who installs them or brands them, they just want fast chargers liberally sprinkled along motorways to relive range anxiety. Lexus Sneak Peeks Its Electric Model RZ 450e As It Brings Luxury To Space While Competitor Tesla (NASDAQ: TSLA) Focuses On Deliveries Of Existing Models; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Its PLEMCo., Subsidiary See Opportunity In EV Charging Stations.
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.
That’s great news for Solar Integrated Roofing Corp. (OTC PINK: SIRC) and its PLEMCo. subsidiary.
SIRC is a proponent of an eco-system of green energy. The EV Charging Station sector is an important space for SIRC, in addition to its roofing, solar and rechargeable solar battery businesses.
Lexus Sneak Peeks Its Electric Model RZ 450e As It Brings Luxury To Space While Competitor Tesla (NASDAQ: TSLA) Focuses On Deliveries Of Existing Models; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Its PLEMCo., Subsidiary See Opportunity In EV Charging Stations
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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