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Home Business Ford Motor Company (NYSE:F), Tesla Motors, Inc. (NASDAQ:TSLA) - Ford Begins Deliveries...

Ford Motor Company (NYSE:F), Tesla Motors, Inc. (NASDAQ:TSLA) – Ford Begins Deliveries Of Mustang Mach-E With Competitive Price, 300-Mile Range


#One of the most anticipated electric vehicles has hit the market before the end of 2020 and could be a positive catalyst for a legacy automotive manufacturer heading into the new year.

#What #Happened: The first 2021 #Ford #Mustang #Mach-E delivery occurred in #Dallas, #Texas on #Tuesday, according to #InsideEVs.

The car from #Ford #Motor #Company (NYSE: F) is produced in #Mexico, so #Texas wasn’t a surprise location for the first delivery.

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#Deliveries in other states should start soon, with #InsideEVs reporting that #Mach-E buyers have received emails about their vehicles shipping.

#Related #Link: #Ford #Vs. #General #Electric: The #Blue #Chip #Race #Back #To $10

#Why #It’s #Important: #New #Ford CEO #Jim #Farley has put an emphasis on the company to grow through electric vehicles. The company has committed $11.5 billion through 2022 to investments in electric vehicles.

The #Ford #Mustang #Mach-E has several models and price points. The #Mach-E #Premium ER RWD is the first 300-mile range electric vehicle from a manufacturer other than #Tesla #Inc (NASDAQ: TSLA).

The vehicle has a price point of $45,600 after tax credits. The cheapest #Mach-E with a 211-mile range has a price point of $39,195 after tax credits.

The #Tesla #Model Y LR with 300-mile range has a price point of $61,190. The #Tesla #Model 3 #Perf LR AWD with 315-mile range has a price point of $56,190.

The new electric vehicle from #Ford is the most affordable all-wheel drive, all-electric car and has comparable range to #Tesla. #This car could become a bestseller quickly in the #United #States and #Europe given its range and price point.

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The new vehicle from #Ford was featured in a holiday commercial reuniting the #Griswold family from “Christmas #Vacation” and “Vacation.” #Unlike #Tesla, #Ford is a heavy spender on advertising and could put more money into ad campaigns for the vehicle.

F #Price #Action: #Shares of #Ford were up 0.17% at $8.84 at last check #Tuesday. #Shares have traded as high as $9.45 in the last 52 weeks. #Shares traded around $6.89 when new CEO #Farley took over.

#Photo courtesy of #Ford.

© 2020 #Benzinga.com. #Benzinga does not provide investment advice. #All rights reserved.



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https://www.benzinga.com/news/20/12/18966572/ford-begins-deliveries-of-mustang-mach-e-with-competitive-price-300-mile-range

##Ford ##Motor ##Company #NYSEF ##Tesla ##Motors #NASDAQTSLA ##Ford ##Begins ##Deliveries ##Mustang ##MachE ##Competitive ##Price #300Mile ##Range

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