Ford cuts prices on Mach E as Tesla raises them on Model Y

DETROIT AP" target="_self">(AP) — Ford is cutting U.S. starting prices on its Mustang Mach E electric SUV, bringing many versions below the cost of its main competitor, the Tesla Model Y. 

Ford also said it is reopening the order bank on Wednesday for the Mach E after upgrading a factory in Mexico to increase output. 

Also read: John Boyd Calls for Boycott of Ford Motor Company 

Also on Tuesday, Tesla raised prices by $250 on the Model Y SUV and the Model 3 small sedan, its two top-selling vehicles.