Ford drops the price of its Tesla competitor | CNN Business

The move represents a substantial roll-back of price hikes Ford announced last summer on the 2023 models – but buyers may still be paying somewhat more than before the increases. The Mustang Mach-E, a midsize electric family SUV, was the first serious electric effort for the Dearborn, Michigan-based automaker.

The price of the extended range battery pack option, by itself, dropped from $8,600 down $7,000. Tesla announced price cuts of as much as 20% on its electric vehicles earlier this month, after raising prices in 2022. When Ford announced the price increases last summer, citing supply chain issues, the automakers indicated it would continue monitoring market conditions throughout the upcoming model year.

Startung at $50K to $70K. What an affordable bargain during a recession! 😆

Ummm... no one wants it, hence the price drop

o

Pathetic response. It's a bastardized mustang. Is it really that popular? With who? Your article is a fake attack on elonmusk, nothing more.

Mustang SUV. EW

How's things at sinking CNN? Still letting PEDO's go?

Not a real mustang

I've never seen one on the road, but I'm sure it's a huge hit

Popular?

cant believe you got me to click on a article. Well played.

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