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Consumers Will Continue to Buy Tesla Cars Because of the 'Brand'

Video Credit: The Street - Duration: 01:02s - Published < > Embed
Consumers Will Continue to Buy Tesla Cars Because of the 'Brand'

Consumers Will Continue to Buy Tesla Cars Because of the 'Brand'

Ford unveiled on Sunday the Mustang Mach-E, a new, all-electric Mustang that can get 230 miles to more 300 miles per charge.

Set to become available in about a year, the new utility Mustang will have a "targeted EPA-estimated range of at least 300 miles," said Ford.

The vehicle also will be able to travel about 47 miles with just 10 minutes of charging with a special 150kW "fast" charger, the automaker said.

The base model for the Mustang Mach-E will start at just below $44,000, with the GT performance version starting at around $65,000.

Watch to see what Jeff Marks, senior portfolio analyst with Action Alerts PLUS, says about the Mach-E and Tesla .

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