proterra-stock-sank-in-the-spac-selloff-now-the-electric-bus-maker-looks-like-a-bargain.

Proterra Stock Sank in the SPAC Selloff. Now the Electric Bus Maker Looks Like a Bargain.

Proterra would seem to have a lot going for it. The electric-vehicle technology company operates in a hot sector and has avoided head-on competition with a crowded field, including, Tesla. It already has products and sales, unlike many EV companies, and profits should come reasonably soon. In fact, it’s the leader in a niche that it has almost to itself: electric buses.

Yet, for all of that, 2021 was a bumpy road for the Burlingame, Calif.-based company, whose stock, at around $9, is down 20% for the past year, compared to…