Ford slashes Mustang Mach-E prices in response to Tesla's actions.

Ford is cutting prices on its Mustang Mach-E electric vehicle and reopening orders, the second time it has reduced prices this year after a series of price cuts by rival Tesla. Prices for most Mach-E models were cut by $3,000 or $4,000 depending on the version or by as much as 7.8%, Ford said. The price of the Mach-E Premium rear-wheel drive version is dropping from $50,995 to $46,995.