Shares on Upswing as Company Launches All-Electric Rental Car Division

Shares on Upswing as Company Launches All-Electric Rental Car Division

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, May 19, 2022

The ever increasing cost of gasoline has one beneficiary—electric vehicles. Demand for electric powered cars has never been higher, and this company is looking to grow its rental fleet by adding electric vehicle options.

Electric Transportation firm Elektros (OTC PINK:ELEK) has started the purchase order process for several electric vehicles from Tesla, Inc. in its quest to launch the company's heavily anticipated all-electric vehicle rental car division. Per the company’s press release, multiple Tesla models are expected to be delivered in October.

Consumers are looking to electric vehicles not just to due to astronomical gas prices, but also as they try to reduce their carbon footprints. Additionally, renting allows individuals to “try out” Teslas before purchasing.

Shares were bucking the market, trading up over 15 percent in morning trade, at $0.15


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