Truck Stocks Slammed As Wal-Mart Orders 15 Tesla Semi Trucks

Tesla (TSLA), now a truck maker, is denting truck-making stocks as its newest vehicle snaps up interest from the biggest U.S. retailer and a long-haul transporter.

XAutoplay: On | OffCummins (CMI), Paccar (PCAR) and Navistar (NAV) tumbled Friday after the big reveal of Tesla's electric tractor-trailer late Thursday.

Tesla's big rig, called Semi, is seeing demand from industry giants. Wal-Mart (WMT) told CNBC it is planning to test the new, heavy-duty Tesla Semi and has preordered five...

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