The Model Y will be less expensive.
Both the Mustang Mach-E and Model Y will have multiple trims. The least expensive Model Y trim is expected to start at $39,000 and arrive in 2021. The least expensive Mustang Mach-E trim is expected to start at $43,895 and will also be released in 2021.
The Model Y and Mustang Mach-E will have the same maximum range.
Both the Model Y and Mustang Mach-E will have a maximum range of 300 miles, Tesla and Ford have said.
Both will be available next year, though Tesla says the Model Y will be available sooner.
Tesla has said it expects Model Y deliveries to begin next summer, while Ford is targeting late next year for the first Mustang Mach-E deliveries.
It is not yet clear which vehicle will have quicker acceleration.
Tesla has said the quickest Model Y trim will be able to accelerate from 0-60 mph in 3.5 seconds. Ford said it is targeting a 0-60 time "in the mid three-second range" for the quickest version of the Mustang Mach-E, but did not specify the exact time it hopes to achieve.
The Model Y will be able to seat more people.
The Model Y will be able to seat up to seven adults, Tesla has said, while Ford said the Mustang Mach-E will be able to seat five.
The Model Y will have more cargo space.
The Model Y will have a maximum of 66 cubic feet of cargo space, Tesla has said, while Ford said the Mustang Mach E will have up to 64.4 cubic feet of cargo space.
The Model Y will be able to charge faster.
The Model Y will be able to receive 168 miles from a 15-minute charge at a Tesla Supercharger station, Tesla has said. Ford said the Mustang Mach-E will be able to receive 47 miles of range from a 10-minute charge at a DC fast-charging station.
The Model Y will have access to more charging stations.
Both Model Y and Mustang Mach-E customers will have access to public charging stations from companies like ChargePoint, Electrify America, and EVGo, but Model Y customers will also have access to Tesla's Supercharger charging stations, which are not compatible with non-Tesla vehicles.
Tesla has over 1,600 Supercharger stations and over 14,400 plugs in North America.
Some of the Mustang Mach-E's tech features appear to be inspired by Tesla.
Many settings on the Mustang Mach-E will be controlled through a 15.5-inch touchscreen, the vehicle will be able to receive over-the-air software updates, and owners will be able to open the vehicle with their phones. All three features have long been available in Tesla vehicles, and will be included in the Model Y.
Both will have semi-autonomous driver-assistance systems.
Both the Model Y and Mustang Mach-E will have semi-autonomous driver-assistance systems that can handle steering, braking, and acceleration in some circumstances, though the systems require driver supervision at all times. Tesla's system, Autopilot, has some optional features, like the ability to make lane changes, that Ford's system, Co-Pilot360 Assist, does not.