An Industry Tesla May Struggle to Dominate (and a Better Stock to Buy Instead)
Tesla (NASDAQ: TSLA) has changed the world of automobiles forever. It may struggle a lot more to crack the heavy-duty trucking market in the same way, with a handful of players holding dominant positions. Add in upstarts like Nikola Motor (NASDAQ: NKLA) pushing hard with hydrogen-fueled trucks, and the competition will be fierce. Motley Fool contributors Jason Hall and Tyler Crowe break down why this big market could prove a tougher nut to crack, and why existing giant PACCAR (NASDAQ: PCAR) should prove a better investment in EV trucking.
*Stock prices used were from the afternoon of June 26, 2023. The video was published on July 3, 2023.
Source Fool.com
PACCAR Inc. Stock
€85.62
1.610%
PACCAR Inc. is currently one of the favorites of our community with 12 Buy predictions and no Sell predictions.
As a result the target price of 107 € shows a positive potential of 24.97% compared to the current price of 85.62 € for PACCAR Inc..
