Ford's 2024 Mustang Mach-E Gets Range Boost, Faster Charging — And Quicker Than Tesla Model Y Performance
Portfolio Pulse from Benzinga Neuro
Ford Motor Company (NYSE:F) announced upgrades for its 2024 Mustang Mach-E, including a new rear motor, faster charging, and a Performance Upgrade package for the GT model. The new motor increases range and torque, with the Select model reaching 250 miles and the Premium model 320 miles on a single charge. Charging times have been reduced, and the GT model's upgrade allows it to accelerate from zero to 60 mph in 3.3 seconds, faster than the Tesla Model Y Performance. The upgrades come as Ford reports an 86% jump in EV sales in the U.S. for the first quarter of 2024.
April 10, 2024 | 8:19 am
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Ford's 2024 Mustang Mach-E upgrades include a new motor, faster charging, and a GT Performance Upgrade, indicating strong competition in the EV market and potential sales growth.
The upgrades to the Mustang Mach-E, including improved range and charging times, position Ford as a strong competitor in the EV market. The reported 86% jump in EV sales for Ford in the first quarter of 2024 suggests a positive market response to Ford's EVs, potentially leading to increased investor confidence and a positive short-term impact on Ford's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100