Elon Musk tweets congratulate Ford on its all-electric Mustang Mach-E SUV

"Congratulations on the Mach E! Sustainable / electric cars are the future! Exciting to see this announcement from Ford, as it will encourage other automakers to go electric as well," Musk wrote on Twitter.

The new Mustang appears to be an attempt by Ford to take on Tesla, and it will directly compete with the upcoming Tesla Model Y SUV.

  Ford targets Tesla with electric Mustang SUV
Tesla already has an all-electric SUV in the luxurious Model X, but Musk has already admitted that it is of minor importance and does not have a huge impact on the company's bottom line. By contrast, the less expensive Model Y has the potential to be a game changer for Tesla with the popularity of crossover SUVs.

With production on the Model Y scheduled to begin in the summer of 2020, Tesla may have a small head start on Ford, as the Mustang Mach-E is expected to be available next fall

Model Y is also expected to have a starting price below $ 40,000, while the base version of the Ford Mustang Mach-E will start at around $ 45,000.

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