Theodore "Ted" Musgrave (born December 18, 1955 in Waukegan, Illinois) is a retired American race car driver.
Musgrave's father, Elmer, was a famous short-track racer in the Midwest who raced for over 25 years at Soldier Field, O'Hare, Waukegan, and Wilmot, Wisconsin before moving into asphalt late models in the American Speed Association (ASA) and ARCA. "I was really young at the time," Musgrave said. "But I can still remember sitting in the infield at Milwaukee and watching him race against drivers like Paul Goldsmith. He finally retired so he could help my older brother, Tom, and I get started." He began racing in 1977 at age 18 at Waukegan in a 1967 Ford Galaxy that he inherited from his brother. He immediately rebuilt the car into a 1967 Ford Torino and won the track's Rookie of the Year title. He and his father built a Ford Mustang using some tips from Dick Trickle to race the next season.