The price war between the Ford Mustang Mach-E and Tesla Model Y has been going on for months now, a trend that began early this year, when Tesla dropped the price of its EV crossover by around 20 percent. Then, in April, Tesla dropped Model Y prices yet again, widening the delta between these two competitors before Ford struck back in May with some significant price drops that made the Mach-E more competitive. However, Tesla Model Y pricing has decreased yet again as this downward cycle continues.
|Model||Starting MSRP (October 6th, 2023)|
|Model Y Rear-Wheel Drive||$43,990|
|Model Y Long Range||$48,490|
|Model Y Performance||$52,490|
It’s worth noting that Tesla just brought back the Rear-Wheel Drive Model Y “standard range” model after a short hiatus, which effectively makes the crossover cheaper to begin with, as that entry-level model has an MSRP of $43,990. It’s followed by the Model Y Long Range at $48,490 and the Model Y Performance at $52,490, which have received price cuts of $2,000 each.
|Model/Options||2023 Ford Mustang Mach-E Price|
|Select RWD Standard Range||$42,995|
|Select AWD Standard Range||$45,995|
|California Route 1 AWD Extended Range||$56,995|
|Premium RWD Standard Range||$46,995|
|Premium AWD Standard Range||$49,995|
|GT AWD Standard Range||$59,995|
|Extended Range Battery For Premium RWD||$7,000|
|GT Performance Edition Package||$5,000|
|Destination and Delivery||$1,800|
Meanwhile, the Mustang Mach-E stands pat after receiving its most recent price cut back in May. The cheapest version of that crossover is the Select RWD Standard Range – which costs $42,995 with an EPA estimated range of 250 miles, which is comparable to the RWD Model Y and its 260 miles of range. Getting close to the Model Y Long Range and its 330 miles of range requires spending more money, however, as the extended range Premium models offer 290 and 310 miles of range. The high-performance GT is also considerably more expensive than the Model Y Performance, and needs the optional GT Performance Edition Package to match its performance, too.