Tesla (NASDAQ: TSLA) Makes Good On Its Word Saying It Delivered 68% More Electric Cars In Q1 This Year Or 310,000 EVs Compared To Last Year — A Total Roughly Flat With Q4 2021, And Analysts Predict 1.5 Million Total Tesla Deliveries In 2022; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Major EV Charg-ing Station Opportunity In 2022
As the car industry in general is forecasting a 16% drop in car sales for Q1 2022, Tesla (NASDAQ: TSLA) has made good on its word and delivered 68% more EV cars/trucks in Q1 2022 or 310,000. For the full year 2022, analysts now predict Tesla will deliver 1.5 million cars. Tesla is forecasting a 50% jump in sales for 2022. At close, Tesla (NASDAQ: TSLA) stock reached $1,145.45. To Solar Integrated Roofing Corp. (OTC PINK: SIRC), the Q1 2022 EV delivery increase news reinforces its already bullish stance on the EV Charging Station business. SIRC plans name change to SolarEV, reflecting its renewed focus on electric cars.
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).
Elon Musk, founder and CEO, predicted Tesla (NASDAQ: TSLA) would split its stock after its annual meeting this Fall. He also said the company is budgeting to achieve a 50+% volume performance gain in 2022. Tesla reported record annual earnings of $5.5 billion on sales of $53.8 billion in 2021. Not only is Tesla leading the worldwide electric car market, but it also owns 56% of the EV Charging Station aftermarket. Solar Integrated Roofing Corp. (OTC PINK: SIRC) hopes Tesla’s positive coat-tails are long enough to extend to its EV Charging Station installation subsidiary, PLEMCo.
SIRC is aggressively focused on the EV Charging Station industry. It has signed LOIs for the acquisition of three complementary LA-based EV Charging Station companies. The takeovers reflect SIRC’s commitment to the electric car business. SIRC has also applied to FINRA for a corporate name change to SolarEV, reflecting its refocus on the EV Charging Station business. SIRC is an applicant for $80 million in federal government grants to participate in the building of a nationwide network of EV Charging Stations.
Like other corporations, 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 sweet profit margins. Although Tesla’s chargers are proprietary to Tesla vehicles only, 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. This includes newcomer public company Rivian (NASDAQ: RIVN) and its large equity owners Ford (NYSE: F) and Amazon.
Elon Musk, founder and CEO of Tesla (NASDAQ: TSLA), declared that Tesla employees and company suppliers, “Saved the day.” A Tesla record quarterly profit is anticipated in a few weeks when the Company reports its financials for Q1 2022. They, too, are expected to be record breaking, Wall Street analysts predict.
Despite 30% price hikes across the board, analysts see Tesla sales reaching 1.5 million electric cars and SUVs. The pattern for Tesla has been deliveries of more EVs each consecutive forward quarter. Wall Street expects that to continue.
The largest global plant producing Tesla branded EVs is in Shanghai, China. Last week, Tesla opened its first plant in Germany — capable of producing 500,000 vehicles annually when reaching full capacity — and it plans to open its second plant in Austin, Texas on Thursday.
Tesla filed reports that its Q1 2022 deliveries were: 295,324 in Model 3 sedans and Model Y compact sport utility vehicles. Model S and Model X vehicle deliveries totaled 14,724. It manufactured 305,407 vehicles in the quarter. The disparity between deliveries and production of vehicles is normally due to a back-log in actual deliveries. It is not uncommon for some Tesla buyers to wait 10 months or longer for their new vehicles to arrive.
Earlier this week after Tesla’s stock split news, investors aggressively bought $39. million of its shares on the open market — more than 11 times as much as the previous session, The Wall Street Journal reported. Tesla (NASDAQ: TSLA) Makes Good On Its Word Saying It Delivered 68% More Electric Cars In Q1 This Year Or 310,000 EVs Compared To Last Year — A Total Roughly Flat With Q4 2021, And Analysts Predict 1.5 Million Total Tesla Deliveries In 2022; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Major EV Charging Station Opportunity In 2022.
Wall Street investors have warmed to the electric car sector, but remain cautious of supply chain woes. They know Tesla (NASDAQ: TSLA) is the leader in both global electric car share and the after-market of proprietary Tesla EV Charging Industry — with a 56% share.
Tesla delivered a whopping 87% increase or 936,000 more new cars last year. In 2022, it will focus on delivering already-ordered new cars, rather than debuting new models. Tesla (NASDAQ: TSLA) Makes Good On Its Word Saying It Delivered 68% More Electric Cars In Q1 This Year Or 310,000 EVs Compared To Last Year — A Total Roughly Flat With Q4 2021, And Analysts Predict 1.5 Million Total Tesla Deliveries In 2022; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Major EV Charging Station Opportunity In 2022.
Further, OEM car makers are watching as Tesla (NASDAQ: TSLA) set new records for efficiency. It reported a cost efficiencyy figure of 29.3% last year vs. 25.6%. This is a closely watch figure in the automotive industry and reflects a no-fat industrial performance in the face of supply chain shortages and delays. Kudos to Tesla.
Tesla (NASDAQ: TSLA) is raising the level of awareness of electric cars among investors and competitors. SIRC and its PLEMCo., subsidiary are hoping that the coat-tails of Tesla extend to their ownEV Charging Station performance in 2022 and beyond.
SIRC is an alternative energy company with its core businesses in solar and roofing now. But it’s future could be even stronger if electric vehicles take off as researchers predict. The EV Charging Station aftermarket looms lucrative. As does the potential for future alliances which pairs SIRC and PLEMCo., with OEM car makers, tire outlets, convenience stores and more.
Consumers may know car brands, but in EV Charging Stations 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. The brand market in EV Charging Stations is wide open for SIRC — and its proposed new corporate brand name, SolarEV.
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.
Tesla (NASDAQ: TSLA) Makes Good On Its Word Saying It Delivered 68% More Electric Cars In Q1 This Year Or 310,000 EVs Compared To Last Year — A Total Roughly Flat With Q4 2021, And Analysts Predict 1.5 Million Total Tesla Deliveries In 2022; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Major EV Charging Station Opportunity In 2022
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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