Tesla (NASDAQ: TSLA) Opens First Germany Plant Outside Berlin With Eventual Production Reaching 500,000 Annually As Company Predicts 50+% Growth In 2022 After Reporting Record $5.5 Billion In Annual Profits; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 EV Charging Station Space Growth

Tesla (NASDAQ: TSLA) opened its first manufacturing plant in Germany near Berlin, capable of producing 500,000 cars annually. This year, the facility will produce some100,000 units — and that number will rise in 2023 and beyond to capacity. One of the most efficient OEM car companies in the industry, Tesla is now building European cars for European customers — without having to ship them across the Atlantic ocean. Tesla CEO Elon Musk said the new plant would be contributing to a ‘sustainable’ energy future. Solar Integrated Roofing Corp. (OTC PINK: SIRC) sees a global surge in electric cars as a major long term opportunity.

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) Opens First Germany Plant Outside Berlin With Eventual Production Reaching 500,000 Annually As Company Predicts 50+% Growth In 2022 After Reporting Record $5.5 Billion In Annual Profits; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 EV Charging Station Space Growth

Elon Musk, founder and CEO, predicted Tesla would achieve 50+% performance increase in 2022 after reporting record annual earnings of $5.5 billion on sales of $53.8 billion in calendar 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 installing subsidiary, PLEMCo., and other subsidiaries it may acquire in the EV Charging Station space.

Tesla’s (NASDAQ: TSLA) new German plant is seen as one of many more the car company will build in the future. Tesla’s goal is to build closer to consumer markets where its vehicles are ordered. That makes the company more efficient and responsive to its consumer customers.

The new plant — two years in the making — will begin by producing the Model Y, a sporty crossover.

Musk, the night before the plant opened, acknowledged component shortages for new cars — particularly in chips. He cited ‘delivery bottlenecks’ and other supply chain difficulties. Meanwhile, the consumer demand for new Teslas remain unabated.

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, SIRC’s  PLEMCo. subsidiary would benefit by charging vehicles for other electric car brands, including: General Motors (NYSE: GM), Ford (NYSE: F), Toyota (NYSE: TM) plus other domestic brands and off-shore OEM car companies.

Tesla’s performance is so ground-breaking in electric vehicles that it justified the investment spending by rival established brands — even Wall Street’s exuberant spending on the IPO of newcomer Rivian (NASDAQ: RIVN).

Wall Street investors have warmed to the electric car sector. Tesla stock in after hours trading last evening reached $997.94 — after its recent stock split. Tesla delivered a whopping 87% increase or 936,000 more new cars last year and had record annual earnings of $5.5 billion on sales of $53.8 billion in calendar 2021. Tesla is the EV company to watch as it sets the industry’s pace.

OEM car makers are watching as Tesla (NASDAQ: TSLA) sets 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.

Opening a German-based plant to make cars for European customers is another way for Tesla to improve even further its efficiency rating as it rows.

The point was not lost on Musk, as he tweeted on the eve of the German plant’s opening, “Makes a huge difference to capital efficiency to localize production within a continent.”

Now it is focused on completing vehicle deliveries rather than simply promoting new models.  Tesla (NASDAQ: TSLA) Opens First Germany Plant Outside Berlin With Eventual Production Reaching 500,000 Annually As Company Predicts 50+% Growth In 2022 After Reporting Record $5.5 Billion In Annual Profits; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 EV Charging Station Space Growth.

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 extend to their own performance in 2022 and beyond.

Phillippe Honchos of Jeffries says TSLA stock will rise to $1,400 within 12 months, He may be right if Tesla is rewarded for leading this fast-growing industry. That recognition by Wall Street would lift all boats — including SIRC.

SIRC is an 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.

Tesla (NASDAQ: TSLA) Opens First Germany Plant Outside Berlin With Eventual Production Reaching 500,000 Annually As Company Predicts 50+% Growth In 2022 After Reporting Record $5.5 Billion In Annual Profits; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 EV Charging Station Space Growth.

Consumers may know car brands, but EV Charging Stations are not brand-based. Drivers don’t care who installs them or brands them, they just want fast chargers liberally sprinkled along motorways to relive range anxiety.

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.

General Motors (NYSE: GM) plans to introduce 30 all electric vehicle models globally by 2025, beginning with its first electric pickup truck being shown at trade events— a competitor to Ford’s (NYSE: F) new ‘Lightning,’ an electric version of its best-selling ‘150’ pickup truck.

SIRC’s PLEMCo., can play a major role in the sweetest profit spot of all — the EV Charging Industry that will support it all. Biden’s $1.2 trillion pending law with incentives of about $7.5 billion for the EV industry cannot on its own force consumer sales. Too many simply want more EV Charging Stations.

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) Opens First Germany Plant Outside BerlinWith Eventual Production Reaching 500,000 Annually As Company Predicts 50+% Growth In 2022 After Reporting Record $5.5 Billion In Annual Profits; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 EV Charging Station Space Growth

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

Source: Stock Market Press

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