Tesla (NASDAQ: TSLA) Should Be Flattered By Electric Car Competitors Planning To Follow Its Business Plan Of Direct Selling And Dealers Only Involved In Deliv-ering Cars; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 EV Charging Station Space
If imitation is the sincerest form of flattery, Tesla (NASDAQ: TSLA) should be thrilled. Electric car OEM firms are planning largely to follow Tesla’s business model of taking orders at fixed priced directly from consumer-to-factory and then delivering cars using local dealers. Dealerships don’t sell the cars — and play a small role in delivering them. Copycats can only emulate the efficiency of Tesla — which had record earnings last year of $5.5 billion on sales of $53.8 billion — and it predicts a 50+% higher performance this year. Solar Integrated Roofing Corp. (OTC PINK: SIRC) anticipates Tesla’s positive coat-tails for its EV Charging Station business in 2022.
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) Should Be Flattered By Electric Car Competitors Planning To Follow Its Business Plan Of Direct Selling And Dealers Only Involved In Delivering Cars; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 EV Charging Station Space
According to The Wall Street Journal, Ford (NYSE: F) is looking at its ‘e’electric car division factory taking orders direct from customers at a fixed price. Dealership would not be involved, except for a minor role in delivering the cars themselves to local buyers.
At General Motors (NYSE: GM), the business strategy will be similar. Today, only the electrified version of its Hummers now will be delivered by dealers only after customers order them direct through GMC’s website.
Stellantis, which offers the electric Jeep model, says it is working on a ‘direct sales’ approach as it delivers vehicles in Europe. It plans to still involve dealers, but doesn’t say precisely how.
Volkswagen management sees direct online customer orders for its electric ID.4 electric sport utility vehicle. There will be no excess inventory available on dealer lots. Tesla (NASDAQ: TSLA) Should Be Flattered By Electric Car Competitors Planning To Follow Its Business Plan Of Direct Selling And Dealers Only Involved In Delivering Cars; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 EV Charging Station Space.
SIRC sees the electric car activity as a sign that its supporting role in the EV Charging Station business behind OEM electric vehicles — including everyone but Tesla (NASDAQ: TSLA) — is a large opportunity. In addition to having subsidiary PLEMCo., to install EV Charging Stations, SIRC has recently announced it signed an LOI to acquire three complementary LA-based Ev Charing Station companies. It also said it is refocusing its business plan to concentrate on the EV Charging Station business.
Of course, dealers are concerned about being largely cut out of selling (commissions) and delivery process in electric vehicles. Ford (NYSE: F) has roughly 2,500 dealers in the U.S. and some states make it unlawful for a factory in another state to sell directly to customers — locking out the local franchise. This would impact GM and Ford.
Projections say electric cars/trucks will take a larger slice of vehicle sales in the future. That may be Tesla (NASDAQ: TSLA)-like efficient, but it may be illegal for franchises to be treated this way, and cutting out dealer commissions could present an issue in the future.
Meantime, the automotive industry is watching the efficiency of Tesla at the factory level and now the delivery level, too. Teslas sells through its pop-up stores in malls and other high trafficked locations, not dealerships. Pop-up stores permit potential buyers to see the car models and arrange multi-day test driver. They can then for some $100 make a reservation to buy one.
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). Tesla (NASDAQ: TSLA) Should Be Flattered By Electric Car Competitors Planning To Follow Its Business Plan Of Direct Selling And Dealers Only Involved In Delivering Cars; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 EV Charging Station Space.
Further, OEM car makers are watching as Tesla (NASDAQ: TSLA) sets 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. Part of that efficiency is non-dealer sales.
Consumers may know car brands, but in EV Charging Stations they are not brand savvy — yet. 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.
Tesla (NASDAQ: TSLA) Should Be Flattered By Electric Car Competitors Planning To Follow Its Business Plan Of Direct Selling And Dealers Only Involved In Delivering Cars; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 EV Charging Station Space
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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