With Tesla holding a 26% stake of the electric car market, it is currently the company to beat and Jim Farley, Ford’s new CEO, is plans to do just that. With customer deliveries of the Mustang Mach-E just around the corner, Farley is now calling the upcoming electric vehicle “the first true competitor with Tesla.”
No matter how many self proclaimed “Tesla killers” we see attempt to take on the EV giant, Tesla remains the clear leader when it comes to the electric vehicle market. Some automakers won’t even touch comparing their EVs with Tesla, but Farley seems quite confident in his remarks about the Mustang Mach-E.
The small electric SUV has inevitably seen several comparisons to Tesla’s Model Y. Jim Farley had his own comparison when speaking with Detroit Free Press saying: “The vehicle is a game changer. For me, the Mach-E is the first true competitor with Tesla. It’s got Detroit swagger. It’s a Mustang. Tesla is not a Mustang.”
When looking at the two electric SUVs the comparison actually bodes well for the Mustang Mach-E. They are close to the same size with the Model Y being just a bit larger. As far as performance it looks like the Model Y has the upper hand with a range of 316 miles compared to the Mach-E’s 270 miles. The two crossovers have the same 0-60 mph time and almost the same available cargo space. However, the Mach-E does have a cost advantage in the U.S. due to the $7,500 federal tax credit that is no longer available for Tesla buyers. The Mach-E has a starting price of $49,700 before the tax credit, while the Model Y has a MSRP of $49,990.