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Ford's stock outperforms Tesla's in 2023 despite Tesla's massive market cap lead.

Market News
26 Aug 2026
24/7 Wall Street
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Ford's stock has risen 6% this year, beating Tesla's 22% decline, though Ford's market cap is just 4% of Tesla's $1.38 trillion. Ford dominates the U.S. SUV and pickup market with its profitable F-150, while Tesla faces challenges with declining EV sales in key markets and heavy reliance on future bets like self-driving cars and robots. Ford's cautious EV approach centers on the upcoming Fathom pickup, but risks remain if the U.S. shifts away from gas vehicles or tariffs on Chinese EVs change. Tesla's valuation hinges on uncertain innovations like Robotaxi and Optimus robots, making the market cap gap hard to justify.

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