Tesla: A race to become the Tesla of delivery trucks and vans
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Electric vehicle makers look beyond passenger vehicles and vie for trucks and delivery vans
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A Race to Become the Tesla of Delivery Trucks and Vans
Investors are betting that small companies like Workhorse will help popularize electric commercial vehicles. And Tesla aims to extend its reach.
Pritchard Commercial has been putting five Workhorse C-Series vans through a series of winter-driving tests.Credit.Evan Taylor/Don t Blink
Dec. 22, 2020
A business like Workhorse Group, which employs 130 people and had sales of less than $1 million in the first nine months of the year, would not normally attract much attention on Wall Street.
But these are not normal times.
Workhorse is aiming to make electric delivery vans. Its stock has risen nearly sevenfold this year, and it is not alone. Several of its competitors started trading on the stock market this year and have seen their share prices rocket up.