Demand Looks Very High for Ford's Tesla-Fighting Mustang Mach-E | 05.03.21 | finanzen.at

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05.03.2021 13:21:00

Demand Looks Very High for Ford's Tesla-Fighting Mustang Mach-E

Ford Motor Company (NYSE: F) said that it sold 3,739 of its electric Mustang Mach-Es in the U.S. in February, a result that suggests demand for the company's first serious Tesla competitor is very high. Its overall U.S. sales fell 14.1% last month, as the company prioritized higher-profit retail sales amid production disruptions caused by a global shortage of computer chips. Ford's retail sales were down just 1.8% from a year ago. It doesn't sound like a huge number, does it? But there are a couple of reasons to think that the Mach-E is selling like electric hotcakes. First, Ford has said that it will only be able to make about 50,000 Mach-Es this year as it ramps up the supply chain for its first-ever high-volume battery-electric vehicle. The 3,739 sold in February works out to about 50,000 on an annualized basis.Continue reading
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