Tesla's stock trades at a high premium -- its forward price-to-earnings ratio is 135. That's quite expensive considering the S&P 500 's average P/E ratio is about 30.7. But until Lucid stops losing money and ramps up vehicle production,​​ Tesla wins this match-up hands down.

Tesla's stock price has been on a bit of a rally lately. The price is currently up almost 70 percent since election day, when Donald Trump became president-elect for a second time. This has boosted Tesla’s market capitalization from $807 billion up to $1.

Tesla's (TSLA) meteoric rise has taken it from a niche electric vehicle startup to a global icon of clean energy and autonomous innovation. Under Elon Musk’s vision, Tesla’s growth has been nothing short of extraordinary.

However, since then, the stock has been on fire. The company first impressed investors with its third-quarter earnings report, which showed strong profit growth, and CEO Elon Musk predicted that vehicle production would increase by 20% to 30% in 2025, a significant improvement from flat growth in 2024.