Ford Cuts Mustang Prices. What Does It Mean for Ford Stock?

Lou Whiteman, The Motley Fool
·4 min read
Ford Cuts Mustang Prices. What Does It Mean for Ford Stock?

Ford Motor (NYSE: F) intends to boost production and slash prices on its Mustang Mach-E electric vehicle, following the lead of Tesla (NASDAQ: TSLA) and diving headfirst into what is quickly becoming an electric vehicle (EV) price war. The Mach-E has not been profitable for Ford even at higher price points, so the move comes with significant risk. Ford is cutting prices on the full range of Mustang Mach-E trims by an average of $4,500 per vehicle, cutting the high-end GT Extended Range model by $5,900.

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