Ford Authority

Tesla Model Y Now Even Cheaper Than Ford Mustang Mach-E

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.

Tesla Model Y Pricing
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.

Ford Mustang Mach-E Pricing
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
BlueCruise 1.3 $2,100
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.

We’ll have more on everything Ford’s competition is up to soon, so be sure and subscribe to Ford Authority for 24/7 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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  1. Mackie

    Tesla has class action lawsuits for misstated range claims. It aligns with every other ‘exaggeration’ from their CEO.

  2. EBL

    How long before a Mach E owner can use a Tesla supercharger?

    1. FoMoDoh

      They make a J1772 adapter. You can go now if you purchase one.

      1. Lance

        Superchargers don’t use J1772, and there’s no adapter from Tesla to J1772 at superchargers. You’re thinking of CCS, but even then there is no supercharger to CCS adapter you can just buy and plug in. Even if one did exist for you to buy it wouldn’t work because it requires the supercharger to initiate the charge, something you can’t just hook up to the charger and do.

        1. EBL

          In your estimation how long will it be when a Mach E owner will be able to take advantage of Tesla’s Super Charging system? Another 8 post Super Charger is up and it’s a 7 minute drive away. Previous to that a 12 post is up 12 minutes away. Tesla just needs to open a store nearby now instead of an hour and twenty minutes away.

  3. Njia

    In full disclosure, I am a Mach E owner. While I was a great first volume EV for Ford, it’s starting to feel dated. From a tech point of view, it’s also a dead-end. Ford has already said that the platform on which it’s based is obsolete – material cost is probably a key reason.

    The net of it all is that Ford is falling behind Tesla and other EV manufacturers including traditional OEMs. There haven’t been any significant product announcements from Ford in more than a year. Will it matter? We’ll see. I suspect the answer depends on whether the trend toward EVs (and related OEM investments) continues or is being reconsidered.

    1. Mackie

      A Mach E feels dated to you compared to a model Y? What ‘tech point of view’? No significant product announcements from Ford in 1 year? Should Ford announce a Cybertruck in 2019 and in 2023 it’s still not available?
      Sorry, but your ‘full disclosure’ is questionable and you sound like another desperate Tesla shareholder who probably doesn’t even own a Tesla.

  4. BobM

    When I compare the looks of Teslas and the Mack E on the road, find the Tesla to be uninspiring, plain and ugly. I don’t get the fascination other then driving one connects you somehow to Nikolai Tesla. That’s a fallacy because Tesla invented Alternating, AC current and the cars run on Direct, DC battery current.

    1. Bill Howland

      While Nikolai Tesla gets far, far more credit than he deserves, he did develop the first commercial AC polyphase (in this case, 2-phase) transmission system – to Buffalo, New York two dozen miles away. The problem at the time was not electric light (industry was satisfy with existing utility gas lighting systems, or electric arc lighting which appeared by this time, but were looking for low cost induction (current day parlance is to call the ‘asynchronous’) motors….This solved the problem of a rotating magnetic field to cause torque – thereby having a motor with only bearings as the moving parts and also benefiting from very low cost alternating current (in this case 25 cycles per second) transmission and distribution..

      Bottom line: the name TESLA for the modern day Roadster was not coined by Elon Musk (who did a hostile take over of the company and basically forced out the founders), merely reflected the fact that it had a motor not unlike 1880’s technology.

    2. Bill Howland

      Another thing:

      Tesla did not “INVENT” Alternating Current. All electric generators and motors, even those running on Direct Current – ran on alternating current internally…. Both DC motors and generators in the 1800s and far after that had commutators to perform the rectification function (for generators), and the inverter function (for motors).

      Anyone who has ever used an 80 year old portable power tool has seen commutators in action.


    I own a 2021 Mach E and a 2023 Tesla Model Y. I wanted to buy another Mach E, but could not justify the additional cost for less value. Ford desperately needs to either improve the stats on the Mach E or drastically lower the price to compete with Tesla (I mean beat Tesla’s price or beat their stats) to gain market share and keep the Mexico factor pumping out volume. Otherwise, scrap Mach E and Lightning and come out with superior clean sheet designs that can compete. Or go out of business.


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