After Tesla Price Cut, Ford Follows Suit With Mustang Mach-E

An 2022 Ford Mustang Mach E whips past the State Capitol as the legislative session opens in the House of Representatives in the Senate chambers in Denver on Jan. 9, 2023. David Zalubowski/AP Photo

DETROIT—Ford is cutting prices on its Mustang Mach-E electric SUV by as much as $6,000 just weeks after market leader Tesla took similar steps.

The Detroit automaker is increasing production of the Mach-E this year and said it is taking advantage of streamlined costs to reduce prices across the board, it said Monday.