Ford says reservations for its First Edition electric Mustang are full

LOS ANGELES, CA – NOVEMBER 21: The electric Ford Mustang Mach-E is shown at AutoMobility LA on November 21, 2019 in Los Angeles, California. The four-day press and trade event precedes the Los Angeles Auto Show, which runs November 22 through December 1. (Photo by David McNew/Getty Images)

by: CNN Wire

Posted: Dec 31, 2019 / 07:25 AM MST

Updated: Dec 31, 2019 / 07:25 AM MST

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(CNN) — Ford is no longer taking orders for the First Edition version of its new electric Mustang, the Mach-E.

The company will still be taking pre-orders for other versions of the crossover, including premium and GT, according to a press release. But the special First Edition is sold out.

Ford unveiled the Mustang Mach-E in November and began taking $500 refundable reservations before the Mach-E makes its debut next year.

Prices for the Mustang Mach-E start at about $45,000. The most expensive version of the vehicle is the Mach-E GT Performance Edition, which will start at about $60,000. Those prices are similar to Tesla’s Model Y, which will range from $47,000 to $60,000.

And like the comparable Tesla models, the Mach-E will have quite a bit of power and speed to help lure sports car lovers.

The Mustang Mach-E GT Performance models will get an estimated 459 horsepower from two electric motors, one powering the back wheels, the other powering the front, Ford claims. The motors should be able to make the Mach-E go from zero to 60 miles per hour in roughly 3.5 seconds, a time similar to a Porsche 911 GTS. The Tesla Model 3 Performance, meanwhile, produces 450 horsepower, and the upcoming Model Y SUV is expected to share much of the same engineering.

More than 80% of the people who have placed Mach-E orders so far have opted for the extended range battery, which Ford says can give the car up to 300 miles of range, according to a company statement. The standard range version will run for about 239 miles.

Introducing an electric Mustang is just the latest indicator of Tesla’s influence in the auto industry and the growing popularity of electric cars.

Besides the upcoming SUV, Ford is also developing an all-electric version of the F-150 pickup. In order to have the greatest impact, the company is starting its electric vehicle rollout with models tied to its most famous brands, Mustang and F-150, Ford executives said.