Tesla Is Worth Twenty-Five Times More Than Ford

The article argues that Tesla’s market value makes little sense compared with Ford’s. It notes Tesla shares are down 22% this year, while Ford is up 6%, both underperforming the S&P 500’s 12% gain. Yet Tesla’s market capitalization is $1.38 trillion, leaving Ford at only about 4% of Tesla’s value—described as “hard to fathom.” The piece says Ford’s future is clearer: it dominates U.S. SUVs and full-sized pickups, with the F-150 delivering roughly 30% of Ford’s monthly U.S. unit sales and powered primarily by gas. Ford is also preparing its single Fathom EV pickup next year. Tesla’s greater risk, the article says, stems from falling EV sales in the U.S., a EU collapse followed by partial recovery, and intense China competition.