Tesla (NASDAQ: TSLA) Says It Will Split Its Stock For Second Time In Two Years This Fall After Annual Meeting, Drives Stock To $1,096.00 In After Hours Trading Last Night; 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 Opportunity

Posted March 31, 2022

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

For the second time in two years, Tesla (NASDAQ: TSLA) is planning to split stock this fall. Tesla announced it plans the stock split after its annual meeting this Fall — news drove its stock to $1,096.00 in after-hours trading last night. TSLA has already predicted a 50%+ sales growth in 2022 after announcing $5.5 billion in annual profits on $53.8 billion in sales last year. To Solar Integrated Roofing Corp. (OTC PINK: SIRC), the news reinforces its already bullish stance on the EV Charging Station business. SIRC plans name change to SolarEV, reflecting its 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).

Tesla (NASDAQ: TSLA) Says It Will Split Its Stock For Second Time In Two Years This Fall After Annual Meeting, Drives Stock To $1,096.00 In After Hours Trading Last Night; 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 Opportunity

Elon Musk, founder and CEO, predicted Tesla (NASDAQ: TSLA) would achieve a 50+% volume performance gain 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. 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 has also said 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. It is also an $80 million applicant for 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.

Tesla’s performance is so ground-breaking in electric vehicles that it justified other investment spending by for other brands of electric cars — even Wall Street’s exuberant spending last Fall on the IPO of newcomer Rivian (NASDAQ: RIVN), with equity owners Ford (NYSE: F) and Amazon.

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.

Wall Street investors have warmed to the electric car sector, but remain cautious of supply chain woes. They believe 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.

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 expanding its footprint to Europe with a new factory it opened earlier this week in Germany. It is also expanding its facility in California. Tesla (NASDAQ: TSLA) Says It Will Split Its Stock For Second Time In Two Years This Fall After Annual Meeting, Drives Stock To $1,096.00 In After Hours Trading Last Night; 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 Opportunity.

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 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. 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.

SIRC’s PLEMCo.,and other EV Charging Station acquisitions can help it 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 electric car/truck drivers 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

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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.