Tesla (NASDAQ: TSLA) Links PowerWall Sales To Tesla Solar Panels, Readies New PowerWall 2 Battery Storage Unit And Reports 71% Jump In Tesla Energy Division In Q1 2021; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is An Au-thorized Tesla PowerWall Installer
Tesla (NASDAQ: TSLA) has stopped taking stand-alone orders for its in-demand PowerWall solar storage units, only selling them in conjunction with its solar panels, according to Elon Musk, founder of Tesla, said on his earnings call with investors. Musk explained that linking the PowerWalls with Tesla solar panels would simplify installations, making each house its own integrated own utility unit. Meanwhile, sales of Tesla’s Energy Division, which includes solar, jumped 71% in Q1 2021 while Tesla is introducing its PowerWall 2 or ‘Plus” unit. Solar Integrated Roofing Corp. (OTC PINK: SIRC), focuses on solar and other renewables and is an authorized PowerWall installer.
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) Links PowerWall Sales To Tesla Solar Panels, Readies New PowerWall 2 Battery Storage Unit And Reports 71% Jump In Tesla Energy Division In Q1 2021; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is An Authorized Tesla PowerWall Installer
Slowly but surely, Tesla’s (NASDAQ: TSLA) solar and energy division is showing large gains and becoming a more important part of the parent company. In Q1 2021 it reported a 71% increase in its sales and demand for its products can sometimes overwhelm the company — witness the storms earlier this year in Texas. In Q1 this year, Tesla reported sales from its energy division of $494 million and costs of $595 million — a $101 negative number. However, its energy division sales now account for almost 4.8% of Tesla’s total corporate revenue and both energy storage and solar are growing.
Musk: PowerWalls Can Operate As Giant Distributed Utilities
Elon Musk of Tesla on an earnings call with investors said, “So, effectively, the PowerWalls can operate as a giant distributed utility. This is profound. We are headed towards a world where, as we were just talking about earlier, where people are moving towards electric vehicles. This will mean that the power needs in homes and businesses will increase significantly. There will need to be a bunch of electricity coming from somewhere.” Musk added that battery storage was the long term solution to a sustainable energy future.”
He stressed during the earnings call that Tesla’s PowerWall would not be sold alone — other solar products would have to be part of the deal to close it. “As we increase our production rate, we may make it (PowerWall) available once again as a stand alone product,” Musk said. Tesla (NASDAQ: TSLA) Links PowerWall Sales To Tesla Solar Panels, Readies New PowerWall 2 Battery Storage Unit And Reports 71% Jump In Tesla Energy Division In Q1 2021; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is An Authorized Tesla PowerWall Installer.
Musk Discusses On Earnings Call Tesla’s New PowerWall 2 ‘Plus’
Tesla’s focus now is on its new PowerWall 2 ‘Plus’ — where he says has twice the power capability of the battery, even though total storage capacity remains at 13.5kWh. Musk said a direct connection would simplify the installation process. Tesla (NASDAQ: TSLA) Links PowerWall Sales To Tesla Solar Panels, Readies New PowerWall 2 Battery Storage Unit And Reports 71% Jump In Tesla Energy Division In Q1 2021; Solar Integrated Roofing Corp. (OTC PINK: SIRC) An Authorized Tesla PowerWall Installer.
Winter Storms In Texas Trigger Tesla’s (NASDAQ: TSLA) Energy Growth
Just as the winter snow and hail storms triggered Tesla’s energy growth in Q4 last year, it also reinforced why David Massey, CEO of SIRC, wishes to enter the Texas market for future roofing/solar business. Massey addressed MicroCap investors recently at a virtual conference and spoke of the lucrative roof repair and solar business in Texas caused by frequent tornadoes, hail storms and snow that created consumer demand for roof/solar upgrade replacement or repair. Tesla (NASDAQ: TSLA) Links PowerWall Sales To Tesla Solar Panels, Readies New PowerWall 2 Battery Storage Unit And Reports 71% Jump In Tesla Energy Division In Q1 2021; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is An Authorized Tesla PowerWall Installer.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) is turning the corner on becoming a nationwide roofing and solar provider. David Massey, SIRC CEO, said, on acquiring Cornerstone Construction, “This significant acquisition is the first step in our company’s transition into a nationwide roofing and solar solutions provider.” Throughout 2020, Cornerstone moved strategically into new markets including Charlotte, N.C., Charleston, S.C., Little Rock, Ar., Tulsa, Okla. and Foley, Ala.
Cornerstone completed 1,000 installs of roofing and solar in 2020, generating over $15 million in sales with robust projected growth. Massey added, “This is an exciting presence that we believe will help grow our acquisition pipeline nationally, helping to create value for our shareholders.” To learn more, go to https://cornerstoneconstruction.org/
Cornerstone’s services include inspections, installations, repairs and replacement services as well as gutters, windows, siding and decking. It also designs and installs traditional solar and solar shingle arrays that integrate seamlessly into new and existing roofing systems, SIRC said. Cornerstone’s founder and CEO is industry leader and innovator Hunter Ballew.
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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