In this article, I have assessed two top auto stocks Tesla, Inc. (TSLA) and Oshkosh Corporation (OSK), to identify the better value investment. However, before delving into their details, let's examine the landscape of the auto sector.
S&P Global Mobility predicts global new vehicle sales to hit 88.30 million this year, marking a 2.8% increase from the previous year. The recovery in light vehicle output is driven by inventory restocking efforts, supported by pent-up consumer demand. Moreover, fueled by the prevalence of EVs, rising urbanization and infrastructure investment, and safety innovations, the global automotive industry is expected to reach $6.86 trillion by 2033, expanding at a CAGR of 6.8%.
