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May 5, 2022, 3:15 p.m. EDT

Tesla (US: TSLA) Expanding Its Solar Farm In Texas By 30% At Its SpaceX Launch Site And Using Tesla Solar Power Battery Packs; Solar Integrated Roofing Corp. (otc pink:SIRC) Focuses On Solar Rooftop System Business With Tes-la's Solar Batteries

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SIRC has already made the decision about the growing importance of EV Charging Stations. With numbers predicting five million EVs in California alone within a decade. EV Charging Stations will grow exponentially. SIRC sees the opportunity for this alternative energy industry and wants to make itself a brand with a national footprint as it grows.

To Solar Integrated Roofing Corp. (OTC PINK: SIRC), the heightened awareness, reporting structure and model launches in electric vehicles only brings a higher profile to supporting EV Charging Stations. SIRC not only competes in that industry through its PLEMCo., subsidiary, it has also recently announced it has signed an LOI to acquire three LA-based complementary EV Charging Station companies in that industry, as well.

Ford Motor (NYSE: F) reported a record-breaking net profit of $17.9 billion for 2021 -- yet roughly half of that profit was a paper gain made on Ford's equity in the successful Rivian Automotive (NASDAQ: RIVN) electric car IPO last Fall.

Meanwhile, in a move that will soon drive demand for EV Charging Stations in North America, General Motors (NYSE: GM) has now raised its sales target for electric vehicles to 400,000 in North America.

Tesla (NASDAQ: TSLA) Expanding Its Solar Farm In Texas By 30% At Its SpaceX Launch Site And Using Tesla Solar Power Battery Packs; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Focuses On Solar Rooftop System Business With Tesla's Solar Batteries

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

Source: Stock Market Press

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COMTEX_406753804/2617/2022-05-05T15:14:33

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