Tesla vs Ford Stock: EV Tax Credit Shock, Valuation Gap and the 2026 Outlook
Tesla trades near $455 per share as of December 5, 2025, with a market cap around $1.5 trillion and a P/E above 270. Ford trades at about $13, with a $51 billion market cap, P/E near 11, and a 5.7% dividend yield. U.S. EV sales hit records in Q3, but the end of the $7,500 federal tax credit triggered a sharp sales drop in October and November. Tesla’s U.S. EV market share has slipped to about 41%.