Tesla stock too expensive? Try these alternatives

Some fans of Tesla Inc. think the stock will triple. Some bears say it will fall by two-thirds. For bulls, there is a new positive news cycle about to start on Tesla.

Next month Tesla is likely to introduce a long-haul electric truck with a range of 200 to 300 miles on one charge. That will open up a new growth market for Tesla TSLA, -1.38% Shares of traditional truck and engine makers such as Cummins CMI, +0.20% Navistar NAV, +0.87% and Paccar PCAR, +0.30% might get hit.

However, new opportunities may open up for stocks of the future other than Tesla.

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