Ford just revealed its Mustang Mach-E SUV — the first new Mustang-branded vehicle since 1964 and a Tesla challenger

Ford said that the Mach-E can be outfitted with an extended-range battery and rear-wheel drive to achieve 300 miles of range on a single charge.

On Sunday, Ford revealed its much-anticipated, all-electric Mustang Mach-E SUV ahead of the official opening of the Los Angeles auto show. Ford also opened an online ordering site for the Mach-E, where vehicles could be reserved for a $500 deposit. The Mach-E is the first new vehicle to join the Mustang lineup since the iconic pony car's introduction in 1964.

On Sunday, Ford revealed its much-anticipated, all-electric Mustang Mach-E SUV ahead of the official opening of the Los Angeles auto show. Ford also opened an online ordering site for the Mach-E, where vehicles could be reserved for a $500 deposit. The Mach-E is the first new vehicle to join the Mustang lineup since the iconic pony car's introduction in 1964.

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