Why Ford Is Calling Its New Electric Crossover a Mustang
Ford Motor Company (NYSE: F) took the wraps off of its long-awaited 2021 Mustang Mach-E electric vehicle on Sunday night. The Mach-E is a sleek, fully electric five-passenger crossover with styling -- and performance, Ford says -- inspired by the Mustang pony car.
With a starting price under $50,000 before tax incentives, it's a compelling package that should put Tesla (NASDAQ: TSLA) and the rest of the industry on notice. Here's what we know and why Ford investors should pay close attention to this new vehicle's launch.
Ford's executive chairman, Bill Ford, and actor Idris Elba revealed the Ford Mustang Mach-E at an event in Los Angeles on Sunday night. Image source: Ford Motor Company.
Source Fool.com
