Tesla (NASDAQ: TSLA) Is Seeking To Locate A New Production Plant In Germany, But Energy Shortages Could Place A Damper On That Strategy; Europe And Asia (China) Far Out Pace North American Market Share Of Electric Cars OEM Sales; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Refocusing On EV Charging Station Industry

Tesla (NASDAQ: TSLA) Is Seeking To Locate A New Production Plant In Ger-many, But Energy Shortages Could Place A Damper On That Strategy; Europe And Asia (China) Far Out Pace North American Market Share Of Electric Cars OEM Sales; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Refocusing On EV Charging Station Industry

Posted March 1, 2022

In (NASDAQ: TSLA, NASDAQ: BLNK, NASDAQ: CSIQ, NASDAQ: EVGO, NASDAQ: FSLR, NASDAQ: ROCK, NASDAQ: RUN, NASDAQ: SEDG, NASDAQ: SPWR, NASDAQ: TSLA, NYSE: CHPT, NYSE: F, NYSE: GM, NYSE: SPRQ, OTC PINK: SIRC

For Tesla (NASDAQ: TSLA), Germany was seen as the next country to receive a full fledged production plant. In the heart of Europe — where electric car market penetration was far stronger than in North America — the company has been searching to pick a perfect site. Then Russia invaded Ukraine and Russia’s oil and gas pipeline to Germany became a political matter. Suddenly, a new Tesla plant within Germany may not be such a great idea, after all. To Solar Integrated Roofing Corp. (OTC PINK: SIRC), the U.S. has only a 4% market penetration of OEM electric cars. It is refocusing now on EV Charging Stations — and is committed to becoming a national major branded player in this industry.

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) Is Seeking To Locate A New Production Plant In Ger-many, But Energy Shortages Could Place A Damper On That Strategy; Europe And Asia (China) Far Out Pace North American Market Share Of Electric Cars OEM Sales; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Refocusing On EV Charging Station Industry

Tesla builds vehicles at plants in China, California, Texas and until recently has planned to build one in Germany — only site selection remained. Now, the politics of a Russian-supplied power source to Germany of oil and gas complicate matters. Asia (China) and Europe enjoy far higher market penetration of electric cars in the vehicle population than the U.S.

So Germany was always a central European location choice in a high penetration electric vehicle market. Until now.

Tesla (NASDAQ: TSLA) has not scrapped it plans to open a plant there yet, but it is only logical to think that it could happen. Tesla (NASDAQ: TSLA) Is Seeking To Locate A New Production Plant In Germany, But Energy Shortages Could Place A Damper On That Strategy; Europe And Asia (China) Far Out Pace North American Market Share Of Electric Cars OEM Sales; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Refocusing On EV Charging Station Industry.

Numerous plants in the U.S. — in California and Texas — anticipate a far higher growth in penetration of the general vehicle population in the future of electric vehicles. Governmental funding for a larger network of EV Charging Stations is critical to speeding the success of electrical vehicles in America.

EVs are popular in Europe for economic and environmental reasons. Gasoline has always been sharply more expensive in Europe, and distances between nations and major cities are closer — lending the geography to electric vehicles.

So the decision to build a new Tesla plant in Germany made a lot of sense. That may not be so much the case today.

Brent Crude settled at $102 per barrel last evening — only making the case for electric vehicles more urgent. Europeans like electric cars and European brand OEM makers, from Volkswagen and BMW to Mercedes and Jaguar, are embracing the concept, as well.

The end result, then, is that Tesla make locate its next plant in Europe — but it may not be in Germany itself. Tesla would never want to make itself vulnerable in the future to Russian-sourced energy. Tesla (NASDAQ: TSLA) Is Seeking To Locate A New Production Plant In Germany, But Energy Shortages Could Place A Damper On That Strategy; Europe And Asia (China) Far Out Pace North American Market Share Of Electric Cars OEM Sales; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Refocusing On EV Charging Station Industry.

To SIRC, Tesla’s (NASDAQ: TSLA) growth in the U.S. is important but not directly critical. TESLA’s charging stations are proprietary to Tesla only. The market for SIRC is for all the other vehicles with electric models: General Motors (NYSE: GM), Ford (NYSE: F) and other domestic brands.

SIRC’s PLEMCo., subsidiary and the the three LA-based charging station com-panies for which it has signed today an LOI to acquire, means SIRC is in tEV Charging Station business to stay. Its goal now is to become a major nationwide brand in the industry.

Electric charging stations are projected to reach $111.90 Billion by 2028 with a 30.26% CAGR jump, says Fortune Business Insights.

The tailwinds overwhelm all. Government grants, tax abatements to OEM car companies and consumer buyers may be enough to keep electric car sales meeting carbon emission goals in 2030 and 2050. Government fleets of electric cars and their supporting EV Charging Station network may be more than enough to win.

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

Source: Stock Market Press

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Nitin Harlalka

Nitin Harlalka is a Stock Market Press contributor who has covered financial market for close a decade. With a graduate degree in Economics, Nitin has been a freelance stock market and business journalist for a range of publications. Most recently, he has covered emerging industries such as cannabis and blockchain.