Tesla (NASDAQ: TSLA) Predicts 50+% Growth In 2022 After Reporting Record $5.5 Billion In Annual Profits On $53.8 Billion In Sales; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 EV Charging Station Space For Its PLEMCo., Subsidiary

Posted January 28, 2022

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

How long are Tesla’s (NASDAQ: TSLA) coat-tails for the electric car and EV Charging Station industries? Hope they are long after Elon Musk, founder and CEO, predicted Tesla would achieve 50+% performance in 2022 after reporting 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. A jittery Wall Street is paying more attention to Tesla’s warnings about 2022 supply chain issues than its performance. 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.

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) Predicts 50+% Growth In 2022 After Reporting Record $5.5 Billion In Annual Profits On $53.8 Billion In Sales; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 EV Charging Station Space For Its PLEMCo., Subsidiary

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.

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

Last evening, stock of Tesla (NASDAQ: TSLA) dropped some 11% to close at $829.10 last night in a flat market. Lucid (NASDAQ: LCID) also fell by 14%. Wall Street investors have warmed to the electric car sector, but fear supply chain woes. We know Tesla delivered a whopping 87% increase or 936,000 more new cars last year and had a $1.6 billion record earnings report for Q3 on sales of $13.8 billion. Despite many new electric car/truck entries, Tesla is the EV company to watch as it sets the pace.

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.

Now it is focused on propelling vehicle deliveries rather than simply promoting new models. It is getting closer on expanding its footprint to Europe with a new factory in Germany. It is also expanding its facility in California. Tesla (NASDAQ: TSLA) Predicts 50+% Growth In 2022 After Reporting Record $5.5 Billion In Annual Profits On $53.8 Billion In Sales; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 EV Charging Station Space For Its PLEMCo., Subsidiary.

Tesla (NASDAQ: TSLA) is raising the level of awareness of electric cars among investors and competitors. SIRC and its LEMCo., subsidiary are hoping that the coat-tails extend to their own performance in 2022 and beyond. Tesla (NASDAQ: TSLA) Predicts 50+% Growth In 2022 After Reporting Record $5.5 Billion In Annual Profits On $53.8 Billion In Sales; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 EV Charging Station Space For Its PLEMCo., Subsidiary.

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. 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.

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.

America car buyers will soon not have much choice but to buy anything but electric vehicles. General Motors (NYSE: GM) plans to introduce 30 all electric vehicle models globally by 2025, beginning with its first electric pickup truck being shown 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.

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

Source: Stock Market Press

Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.

Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.

Contact:

Stock Market Press
110 Wall St.
New York, NY 10005 info@stockmarketpress.com https://twitter.com/PressStock

Safe Harbor Statement:

Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press

Bina Murarka

Bina Murarka is a India-based technology reporter for Stock Market Press. A freelance writer who covered tech for various mainstream and financial websites, she writes about everything from small-cap telecommunications companies to the digital economy's impact on financial markets. She graduated from Calcutta University.