Solar Integrated Roofing Corp. (OTC: SIRC) Intensifies Its Focus On EV Charging Station Industry As Tesla (NASDAQ: TSLA) Outruns EV Vehicle Market With Next Generation 50% Production Cost-Cutting Target Advantage Over Rivals Like GM (NYSE: GM) And Rivian (NASDAQ: RIVN), Supported By 17% Stock Owner Amazon (NASDAQ: AMZN); Competitors Face Headwinds Of Startups In All-Electric Car Market
Solar Integrated Roofing Corp. (OTC: SIRC) is intensifying its focus on the EV Charging Station Industry via its new funding arm and its announced $600,000 all-cash planned acquisition of all the remaining shares it doesn’t already own in its subsidiary PlemCo., which specializes in EV Charging Station installations. Meanwhile, Tesla (NASDAQ: TSLA) is outrunning the EV Vehicle market with its next generation 50% production cost-cutting target advantage over rivals like GM (NYSE: GM) and Rivian (NASDAQ: RIVN), owned by 17% stock holder Amazon (NASDAQ: AMZN). Not only are Tesla’s rivals facing start-up headwinds trying to catch Tesla, but Amazon itself is cost-cutting throughout its own divisions as it faces a fiscal performance crunch.
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).
Tesla (NASDAQ: TSLA) may be planning to finally bring a long-promised $25,000 retail all-electric car to market, analysts say. All of this is targeted to happen as Tesla seeks to maintain its industry-leading double digit percentage margins. Investors say the strategy is pressuring its rival start ups — which are burning cash, and cannot be profit-competitive in a $25,000 all-electric new car market, the WSJ says.
Yet, the electric charging station industry remains bright — whichever EV brands succeed. Solar Integrated Roofing Corp. (OTC: SIRC) is intensifying its push into the EV Charging industry — with David Massey, CEO, announcing on a live recent update Webcast the Company’s intention of wholly buying out EV Charging Station subsidiary PlemCo., for $600,000 cash. Massey told shareholders and financial investors that SIRC plans to buy the remaining 40% of EV Charging Station subsidiary PlemCo. it does not currently own for $600,000 cash and no stock.
Further, SIRC’s debut of a new funding arm includes financial support for EV Charging Station developers and installers who need monies for equipment, parts and other basics as they grow their EV Charging Station business.
GM’s (NYSE: GM) CEO Mary Berra says her large corporation would be competitive with Tesla’s (NASDAQ: TSLA) cost structure and margins. She says, “Our aim is to have industry-leading margins as we invest.” But analysts are already skeptical that traditional car companies can be competitive with Tesla. The new razor-thin production costs Tesla executives envision means it may hit all-electric vehicle price points few rivals can match. Try producing a $25,000 retail all-electric car at full profit margin like Tesla.
Source: Stock Market Press
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