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Ford Mustang Mach-E Price Delta With Tesla Model Y Widens

Though its already on its third model year, the Ford Mustang Mach-E remains in high demand and low supply, though production has ramped up significantly as of late with far more to come, meaning that used examples are no longer more expensive than new ones. Following multiple rounds of price increases, the Ford Mustang Mach-E was actually treated to a price cut across the board early this year – very soon after its chief rival, the Tesla Model Y, got its own round of price cuts, though FoMoCo attributed this to reduced materials costs at the time. Regardless, Tesla just dropped its Model Y prices again, widening the delta between these two rivals once more.

2023 Tesla Model Y Pricing
Model Starting MSRP (April 19th 2023)
Model Y (Base) $46,990
Model Y Long Range $49,990
Model Y Performance $53,990

Following January’s prices cuts, the 2023 Tesla Model Y started out at $52,990 for the Long Range model and $56,990 for the Model Y Performance, though both of these EV crossovers are now $3,000 cheaper than before. Additionally, Tesla has added a new, base model with 4680 battery cells that’s even cheaper at $46,990, a model that was previously only available as an “off the menu” vehicle.

2023 Ford Mustang Mach-E Pricing
Trim/Option Starting MSRP (April 2023)
Select RWD Standard Range $45,995
Select AWD Standard Range $48,995
California Route 1 AWD Extended Range $57,995
Premium RWD Standard Range $50,995
Premium AWD Standard Range $53,995
GT AWD Standard Range $63,995
Extended Range Battery For Premium RWD $7,000
Destination And Delivery $1,800

Meanwhile, the 2023 Ford Mustang Mach-E can be had for as little as $45,995, albeit with less range when compared to its Tesla counterpart. To get the same range as the Model Y Long Range and Performance, Mach-E customers must opt for the pricier Premium models, which offer 290 and 310 miles of range with the extended range battery in rear- and all-wheel drive configurations, or the California Route 1, which is rated to travel 312 miles on a single charge, though each of these models costs more than the comparable Model Y. The same goes for the sporty GT, which now costs considerably more than the Model Y Performance, though it features similar performance specs (when equipped with the optional Performance Edition upgrade) and less range.

It’s also worth noting that these differences grow even wider when we take into account the fact that the Mach-E only qualifies for one half of the new IRA EV tax credits – $3,750 – while the Model Y is eligible for the full $7,500 credit. Regardless, this level of competition is good news for prospective EV buyers, particularly since the forthcoming switch to lithium-iron phosphate batteries in the Mach-E standard range models is expected to result in even further savings.

We’ll have more on the Mach-E soon, so be sure and subscribe to Ford Authority for more Mustang Mach-E news and non-stop Ford news coverage.

Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.

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Comments

  1. David Dickinson II

    Tesla has fat margins that they are leveraging to choke the competition to death. While the article states this competition is good for EV buyers, I don’t think it is. I think Tesla is moving to kill off the start-ups and force hard decisions at Ford and GM who are already losing money on every EV vehicle.

    Reply
    1. Allan Jacobson

      Raise prices and you’re the devil Lower prices and you’re the Devil. Musk and Tesla can’t win. All prices fluctuate. Cars too. It’s just that the franchised dealers are the ones who captured the increase around MSRP. It’s ridiculous to announce a price once a year and expect it to be constant all year. Houses, airline tickets and avocados fluctuate in price. So do cars.

      Reply
  2. Jbx

    Yep! It will be hard to justify buying the Mach E over the Model Y at this point…

    Subtract $7500 and boy…! That’s a deal.

    Reply
  3. Tim weyand

    As Long as Excellent Ground S and Electrical Wiring . Also Excellent Quality in Commentator Stator . Also other Types Electrical Motors. The Grounds Wire in a Excellent Temperature in Celsius. ECT . Generally Hopefully Ford will Hang in their. This is also Very Important pay your workers in Salary + Benefit s in Medical Dental. Up Comming Contracts Comming. Maybe much more Cooperation Between FORD CHEVROLET CHRYSLER???. ALL THESE AMERICAN MANUFACTURES IN AUTO INDUSTRY. TREAT YOUR WORKERS WELL. Hope they get good Materials and Tolerances. TESLA , will have too offer maybe a union contracts and conscious?. Many ? And Various Changes Comming in soon I bet?.

    Reply
  4. Tim weyand

    Hope all Ford Chevrolet Chrysler treat workers well in up Comming pay and Benefits?. Hope a better build up and Seniority. Because in Future . Ocean Expansion s and Space. Taking the Vehicle in as Amphibian Vehicles Ford others made in WW2. Say always Changing. But always treat your workers fairly!

    Reply
  5. Tim weyand

    Also. Underground Mining for Copper Lithium Magnesium Cobalt Metals Material s. Put back Environmentally back. Using Equipment . Equipment Electric Excavators maybe running thee old Giant Steam Shovel. Alot of Excellent planning . Then Work very Dangerous Job. Sure Lidar Ground Penetrating Radar being Used. Heck their is a Patent for a ATOMIC Boring Train . Like sounds crazy. Using Giant Chillers Refrigeratoration using platforms or Submarine s ships too cool off .Make ICE RETURN TOO NORTH SOUTH POLES???. MANY SOLUTIONS. SURE THE PLANET IS DOING JUST THAT. OVER A LONGER TIME CURVE. HOPEFULLY WHAT IN FUTURE SURFACE STRIP MINING. OR UNDER GROUND . PUT BACK TAKE OUT .LIKE TENDING A GIANT GARDEN?.

    Reply
  6. Bob

    The comments for this are so weird. Two cars made by two makers. Tesla same size and cheaper. Quality? Who knows, many MachE complaints, Tesla too. You watch Sandy Moroe and I think Tesla is the only choice.

    Reply

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