Ever feel like you’re watching two different movies at the same time? That’s basically what it feels like to track the google tesla stock price right now in early 2026. On one screen, you’ve got Alphabet (Google) hitting all-time highs and crossing that massive $4 trillion market cap threshold. On the other, you have Tesla struggling through what Elon Musk calls a "transitional" period, with deliveries actually dropping year-over-year.
It's wild. Honestly, if you told someone three years ago that Google would be the "safe" bet and Tesla would be the one losing market share to a Chinese company like BYD, they’d probably laugh at you. But here we are.
The Reality of Google’s $4 Trillion Climb
Google is having a moment. A really long, profitable moment. As of mid-January 2026, Alphabet’s stock (GOOGL) is hovering around $330, which is just a tiny bit off its all-time high of $336.43 hit on January 13.
Remember when everyone was worried Google was "losing the AI war" to OpenAI? Yeah, that feels like ancient history. Gemini 3.0 has turned out to be a beast. People aren't just using it for chat; it's baked into Search so deeply that it’s actually driving more ad revenue, not less. In their last report for Q3 2025, they pulled in over $100 billion in a single quarter. That’s insane.
But there's a catch. Wall Street is kinda getting bored. Because Google did so well in 2025—skyrocketing about 65%—a lot of analysts are starting to wonder how much gas is left in the tank. They’re still rating it a "Buy," but the excitement is cooling off. It's the "victim of its own success" trope in real life.
Tesla’s Tough Transition
Now, Tesla is a different story entirely. If Google is a steady climb, Tesla is a rollercoaster that’s currently clicking its way through a steep drop. The stock is sitting around $437, which sounds high, but it’s actually down from the $490 range we saw back in December 2025.
What happened? Well, the numbers for Q4 2025 just came out, and they weren't pretty. Tesla delivered about 418,227 vehicles. That sounds like a lot until you realize it’s a 16% drop from the same time the year before.
Why the Slump?
- The Tax Credit Hangover: In the U.S., the $7,500 federal tax credit expired, which caused everyone to rush and buy in Q3. Q4 was basically a ghost town by comparison.
- The Model Y Refresh: They’ve been retooling factories for the "Juniper" Model Y refresh. Great for the future, bad for current production numbers.
- The BYD Factor: This is the one that hurts. BYD actually outsold Tesla in total battery-electric vehicles (BEVs) for the full year of 2025. By a lot. Over 600,000 units.
Comparing the Two: It’s All About the Multiples
When you look at the google tesla stock price side-by-side, you're looking at two different worlds of valuation. Google trades at a price-to-earnings (P/E) ratio of about 33. That’s reasonable for a tech giant. Tesla? Its P/E is still floating in the stratosphere at nearly 292.
Investors aren't buying Tesla for the cars anymore. They’re buying the "Robotaxi" dream. Elon is promising millions of self-driving cars by the end of 2026. Some analysts, like Dan Ives, think this could add $1 trillion to the market cap. Others look at the current delivery slump and think the stock is way overpriced.
What to Watch Next
If you’re holding or looking to buy, keep your eyes on January 28, 2026. That’s when Tesla drops its full Q4 financial results. If their margins took a hit because of all the price cuts they used to move inventory, the stock could get messy.
Google, on the other hand, reports on February 4, 2026. The big question there isn't "did they make money?" (they did), but "is the AI spending starting to pay off?" They’re planning to spend over $90 billion on capital expenditures this year. That’s a lot of server racks.
Actionable Insights for Your Portfolio
Don't just stare at the tickers. Here’s how to actually play this:
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- Rebalance the "Magnificent Seven": Google was the star of 2025, but 2026 might belong to the laggards or the "Value" plays. If you’re heavy on GOOGL, it might be time to trim a little.
- Watch the $430 Level for TSLA: Tesla has been bouncing off this support level. If it breaks below $430 after the earnings call on the 28th, things could get ugly fast.
- Focus on Energy Storage: This is the secret weapon. Tesla’s energy storage business grew 113% last year. While cars are slumping, the Megapack is carrying the weight. Look at the margins there specifically in the next report.
- Check the Cloud: For Google, the real growth isn't search; it's Google Cloud. It grew 34% last quarter. If that stays above 30%, the stock will likely hold its premium.
Investing in these two is basically a bet on two different versions of the future. One where AI organizes all human knowledge (Google) and one where everything that moves is electric and autonomous (Tesla). Just don't expect the ride to be smooth.
Next Steps for Investors:
Review your exposure to the EV sector versus Big Tech. If you're looking for stability, Alphabet's current valuation remains more grounded in earnings. However, if you're betting on a 2026 turnaround, Tesla's upcoming earnings call on January 28 will be the definitive signal for whether the "Robotaxi" pivot is gaining actual financial traction or remains purely speculative.