Ford lowers the price of its Tesla rival.

Ford has reduced the price of its new electric car rival,

making it a much more appealing choice for customers eager to make the switch to electric vehicles.

With a base price of $39,995, the new Ford Mustang Mach-E is now available.

Its estimated range per charge is up to 300 miles.

Ford also intends to offer four different powertrain choices, enabling both all-wheel drive variants that can handle more difficult terrain and speedier acceleration.

This appears to have the potential to revolutionise the electric vehicle industry by making it possible for customers to buy a high-end car at a reasonable price.

One thing is certain: Ford has given them some real competition! We'll have to wait and see how Tesla responds in the upcoming months.