I think you're right. They might have only been able to get as much horsepower as they wanted by adding more motors, which also meant more wheels. It's kind of a bummer if you think about it, because it probably means you'd have to buy a higher quantity of more expensive tires more often. I'll bet they don't wear as evenly as tires on lighter rims with good springs either (I'm thinking, like a car with a shimmy.)
That, and there are a lot of hidden expenses in battery-operated cars, including the need to recycle batteries (yuck!)
Oh, and...long wheelbase probably means wide cornering, unless the rear wheels help.