Shares of Ford were down 1.5% in early trading. Tesla was flat.
"Ford just cut Mustang EV prices in response to Tesla’s price cut. Mini price war about to begin with EVs in the US with Tesla’s shot across the bow on price cuts," said Dan Ives, an analyst at Wedbush Securities, on Twitter. Ford had already planned to increase Mach-E production this year to 130,000 vehicles from 78,000 in 2022, and said in November it was accelerating Mustang Mach-E production and targeting global annual production rate of 270,000 by the end of 2023. Ford builds the Mach-E in Mexico and China.
Ford is cutting prices by up to 8% on various versions of the Mach-E, as well as cutting the price of the extended range battery by about 19%. The lowest-price models are getting smaller $600 to $900 price cuts.
Lower the price on the FORD RANGER + make it HYBRID. (I am a shareholder)* Ford FordModels FordTrucks
Fucking Overpriced Rechargeable Dildos
Which one is most likely to spontaneous combust? FordMustang x Tesla | 🔋 | Poll
Good for Ford! Tesla's are Carbeques waiting to happen! They are doing the EV buying public a great service!
Not the cost but the price
News ?
Doesn’t even look like a Mustang .. Horrible design ..
... by $5,900 per vehicle, weeks after rival Tesla Inc (TSLA.O) slashed prices globally on its electric vehicles by as much as 20%. Apples and apples are better.
These vehicles are sold highly overpriced, and will not witstand competion. Tesla charging technology is obsolete compared to European developments (Volvo, etc.) Because of the unfortunate image of the US and of Mr Musk, Tesla will have to struggle hard to settle in Europe, Asia.
On my opinion electric cars not practical.
Smarter move than Hyundai and Kia choosing EV bankruptcy by refusing to cut MSRP and still having widespread dealer markups.
It’s cringy to drive a ford. 🤮
Mach-E is a better car, more fun to drive than a Tesla.
TobleroneFrank