CEO of ChargePoint, First Energy
NEW YORK, March 09, 2022 (GLOBE NEWSWIRE) — The Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from the CEOs of: ChargePoint Holdings (NYSE: CHPT), First Energy Metals (OTC: FEMFF) (CSE: FE), Lucid Group (NASDAQ: LCID) and Tesla, Inc. (NASDAQ: TSLA).
The transition to electric vehicles is expected to be a multi-trillion dollar megatrend over the next few years. Generational investment opportunities arise in charging stations, battery metals, driving technologies – and of course electric vehicle manufacturers. The Wall Street Reporter highlights the latest comments from industry thought leaders who are shaping our world today and in the decades to come:
Pasquale Romano, CEO of ChargePoint Holdings, Inc. (NYSE: CHPT): “The growing adoption of electric vehicles is driving our growth”
“…As a technology company with software at our core, we are pleased to report that subscription revenue for the quarter was up 12% from Q1 and 23% YoY We ended the quarter with approximately 118,000 active ports on our network, a sequential increase of approximately 6,000 ports… This quarter’s results can be described in one word: scale, scale across our three verticals and scale in North America and Europe…ChargePoint’s success is directly linked to the arrival of electric vehicles BloombergNEF released its EV outlook in June, which was the first major boost to its outlook in EV sales accelerated in North America and Europe in the first half of 2021. According to BNEF, North American EV sales grew 97% year-over-year in the first half of 2021. emestre and EV sales in Europe increased by 153%. We’re seeing more vehicles come to market in exciting form factors for a wide range of use cases…”
Earnings Highlights from ChargePoint Holdings (NYSE: CHPT): https://www.wallstreetreporter.com/2021/11/01/chargepoint-holdings-inc-nyse-chpt-q2-2022-earnings-highlights/
First energy metals (OTC: FEMFF) (CSE: FE) Gurmin Sangha, CEO: “Lithium essential for the electric vehicle boom”
Booming sales of electric vehicles around the world are driving up the prices of battery components like lithium – with prices rising more than 1,000% in the past 12 months, with no slowdown in sight, as electric vehicles are becoming widespread. China seizes strategic deposits of battery metals around the world
First Energy Metals (OTC: FEMFF) (CSE: FE), a guest presenter at Wall Street Reporter’s NEXT SUPER STOCK investor conference, is developing what promises to be a major lithium project in Quebec, Canada. Preliminary drilling and exploration results (subject to a qualified 43-101 report) indicate the addition of additional resources to the already 119 million tonnes resources surrounding the Augustus Lithium property. A typical electric vehicle requires about 10 kilograms of lithium, so one ton of lithium ore is enough to build about 90 electric cars.
FEMFF’s “Augustus” flagship lithium project is strategically located in an exciting area of known lithium-bearing rock types, with nearby advanced projects with resources in place. FEMFF is currently progressing on a systematic drilling program with the goal of developing a resource (43-101 compliant) within the next 9 to 12 months. Lithium projects and exploration projects in the area have similar grades and support the continued exploration and potential of the Augustus project. Sayona Mining, which owns the two late-stage properties in the region, recently released a combined JORC Measured, Indicated and Inferred Resource of 119.1 million tonnes for its North American Lithium (NAL) and Authier projects.
Importantly, FEMFF’s lithium project is located in Quebec, Canada, a mining-friendly jurisdiction. The FEMFF lithium project is located near a former lithium processing plant and other later-stage lithium projects. FEMFF’s drilling program is still in its early stages with a number of important milestones in the coming weeks that could reveal the full growth potential of the project.
look First energy metals (OTC: FEMFF) (CSE: FE) NEXT SUPER STOCK video:
Tesla, Inc. (NASDAQ: TSLA) Elon Musk, CEO: “Fully Autonomous Driving: Tesla’s Most Important Profit Source”
“…2021 has been a breakthrough year for Tesla and for electric vehicles in general. And while we have struggled, and everyone has, with supply chain challenges throughout year, we managed to increase our volumes by almost 90% last year. This level of growth did not happen by chance. It is the result of the ingenuity and hard work of several teams of the company… In addition, we achieved the highest operating margin in the industry in the last widely reported quarter, at over 14% GAAP operating margin.Finally, thanks to a GAAP net income of 5 $.5 billion in 2021, our cumulative profitability since inception of the company has turned positive, which I think makes us a real business at this point, this is a critical milestone for the company… We expect significant growth in 2022 compared to 2021, well above 50% of c growth in 2022… Over time, we believe that fully autonomous driving will become the most important source of profitability for Tesla. And my personal guess is that we will achieve full self-driving this year, yes, with a much higher level of data security than it is now…”
Tesla, Inc. (NASDAQ: TSLA) Earnings Highlights: https://www.wallstreetreporter.com/2022/01/31/tesla-inc-nasdaq-tsla-q4-2021-earnings-highlights/
Peter Rawlinson, CEO of Lucid Group, Inc. (NASDAQ: LCID): “Lucid EV technology worlds apart from current market leaders”
“..Lucid Air has been officially announced as Motor Trends 2022, Car of the Year, arguably the automotive industry’s most prestigious award, in pursuit of true innovation and groundbreaking vehicles. For a new brand and new business win, to my knowledge, this has only been done once before… We believe that our technology is worlds apart even from current market leaders.For example, no one s expected Lucid to even achieve 400 miles of range. And now we have an EPA certification of 520 miles of range for the Lucid Air Dream Edition R. And we created this technology with the goal of being able to manufacture it at scale, where the real innovation lies…”
“…Our technology powered every car in Formula E, the world’s first electric motorsport series. And indeed, it changed the sport. Our batteries have enabled Formula E cars to travel full race distances with a single charge. Now what we learn from every race car, every race, goes straight into battery technology, powering Lucid Air. As the media and early customers learned, our vehicles are truly the fusion of hardware and software, made possible by one of the best teams in the industry. We have automotive industry veterans, including members of my former Tesla Model S team, working with former executives from Apple and learning from their customer experience of electronics. Along with so many other stars in the automotive and technology industries. We plan to leverage our team’s capabilities to continue to improve er vehicle operation and features, even after customers have taken delivery via over-the-air updates…”
Lucid Group, Inc. (NASDAQ: LCID) Earnings Highlights: https://www.wallstreetreporter.com/2021/12/14/lucid-group-inc-nasdaq-lcid-q3-2021-earnings-highlights/
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Wall Street Reporter (est. 1843) is the leading provider of financial information, focused on giving investors direct access to CEOs of promising publicly traded companies and market experts. www.WallStreetReporter.com. Nothing in this news summary should be construed as investment advice. Quotes/content may be edited for brevity and context. Full disclaimer and relevant SEC 17B disclosures here: https://tinyurl.com/2x4eznd5
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