Tesla’s (NASDAQ: TSLA) Strategy Of Making Only Deliveries Rather Than Debut-ing Any New Electric Vehicle Models In 2022 Have Some Analysts Predicting A Slow Down In Growth; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 EV Charging Station Growth For Its PLEMCo., Subsidiary
No question, Tesla (NASDAQ: TSLA) is the market leader for electric vehicles and its proprietary EV Charging Stations owns a 56% market share in the after-market. After announcing astounding record annual earnings of $5.5 billion on sales of $53.8 billion in 2022, it is now seeming to focus more on deliveries of existing vehicles than debuting new ones in 2022. Elon Musk, founder and CEO, predicted Tesla will achieve 50+% performance in 2022 without launching new electric vehicle models. Some analysts see that as an achilles heel for Tesla — letting competitors debut new cars/trucks. Solar Integrated Roofing Corp. (OTC PINK: SIRC) hopes Tesla’s financials will accelerate electric vehicles creating more demand for subsidiary PLEMCo.’s EV Charging Stations.
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’s (NASDAQ: TSLA) Strategy Of Making Only Deliveries Rather Than Debuting Any New Electric Vehicle Models In 2022 Have Some Analysts Predicting A Slow Down In Growth; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 EV Charging Station Growth For Its PLEMCo., Subsidiary
Elon Musk, CEO, sees the reality of Tesla’s (NASDAQ: TSLA) situation. Customers have committed to deliveries against a backlog of some 10 months. So is he wrong to focus on cleaning the deliveries for orders Tesla already has, or maintain momentum and launch new vehicles?
Analysts are particularly eager for Tesla (NASDAQ: TSLA) to introduce its low-priced $25,000 car Musk previously teased. Maybe that low end car is not available at that price point any longer, due to a variety of material cost hikes issues, supply chain interruptions and chip shortages.
Either way, Musk can choose to deliver electric cars/trucks he has already debuted. Is he losing momentum by trying to catch up on deliveries this year without launching new models?
For SIRC, the issue is not directly relevant. It can’t make EV Charging Stations for Tesla (NASDAQ: TSLA). However, it is watching closely the OEM plans of General Motors (NYSE: GM) and Ford (NYSE: F) plus others as they commit to electrify their car/truck fleets.
Tyson Jominy of research firm J. D. Power appears ‘exercised’ in The Wall Street Journal about Tesla’s slowing down of new electric cars/trucks entries. He recalled what happened when Ford (NYSE: F) took its foot off the new product accelerator back a century ago after it introduced its Model T.
Ford then dominated the industry, but by stepping back from debuting new follow-up models, competitors kept launching new cars and ‘whittled away’ at Ford’s market share. Eventually, he observed, Ford’s share by 1927 dropped to only 16%.
He didn’t say it, but J.D. Power research has shown that electric car buyers like electric vehicles but are not brand loyal. So he was inferring that on a re-buy or lease renewal, a Tesla owner/lessee might purchase or lease a newer model from another OEM manufacturer.
To SIRC’s PLEMCo., subsidiary, the after-market of EV Charging Stations will be a lucrative and multi-year opportunity. Consumers are not brand-loyal in electric vehicles and really don’t care who builds or brands the EV Charging stations they use often or on longer road trips. Tesla’s (NASDAQ: TSLA) Strategy Of Making Only Deliveries Rather Than Debuting Any New Electric Vehicle Models In 2022 Have Some Analysts Predicting A Slow Down In Growth; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 EV Charging Station Growth For Its PLEMCo., Subsidiary.
SIRC sees opportunity for building EV Charging Stations for electric vehicles fromGeneral Motors (NYSE: GM), Ford (NYSE: F), Toyota (NYSE: TM) plus other domestic brands and off-shore OEM car companies. SIRC itself is an applicant for $80 million of government funding to build new EV Charging Stations.
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).
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. Tesla’s (NASDAQ: TSLA) Strategy Of Making Only Deliveries Rather Than Debuting Any New Electric Vehicle Models In 2022 Have Some Analysts Predicting A Slow Down In Growth; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 EV Charging Station Growth For Its PLEMCo., Subsidiary.
Further, OEM car makers are watching as Tesla (NASDAQ: TSLA) set 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.
Tesla (NASDAQ: TSLA) is getting closer to expanding its footprint to Europe with a new factory in Germany. It is also expanding its existing facility in California.
Tesla (NASDAQ: TSLA) is raising the level of awareness of electric cars among investors and competitors.
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 they 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.
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.
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’s (NASDAQ: TSLA) Strategy Of Making Only Deliveries Rather Than Debuting Any New Electric Vehicle Models In 2022 Have Some Analysts Predicting A Slow Down In Growth; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 EV Charging Station Growth For Its PLEMCo., Subsidiary.
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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