Ford to cut Mustang Mach-E prices as price war with Tesla ‘intensifies’

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Ford to cut Mustang Mach-E prices as price war with Tesla ‘intensifies’
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Ford to cut Mustang Mach-E prices while ‘significantly increasing’ production

Ford Motor Co. said Monday that it would be “significantly increasing” production of its Mustang Mach-E in 2023 as the company continues its efforts to improve supply of its electric-vehicles and cut back on customer wait times.

Ford... Ford Motor Co. said Monday that it would be “significantly increasing” production of its Mustang Mach-E in 2023 as the company continues its efforts to improve supply of its electric-vehicles and cut back on customer wait times. Ford noted in a table that the price of the Select rear-wheel-drive model with standard range would drop by $900 to $45,995 in one example of the pricing changes. The price of the GT extended-range model is dropping by $5,900 to $63,995.

Tesla Inc. TSLA disclosed earlier in January that it was cutting prices on several models of its own electric vehicles.

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