Business_news The CEO of the EV charging company ChargePoint explains why he ordered a Tesla Model Y instead of a Ford Mustang Mach-E (TSLA, F)

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  • Pasquale Romano, the CEO of the electric-vehicle charging company ChargePoint, chose to buy Tesla’s Model Y as his next vehicle over the Ford Mustang Mach-E.
  • Romano said it was a close call, but the Model Y’s earlier release date and Romano’s familiarity with the Tesla user experience pushed the Model Y over the edge.
  • The Model Y and Mustang Mach-E are similar on paper, though the Model Y has an edge in range, starting price, seating capacity, and cargo space.
  • Visit business Insider’s homepage for more stories.

When it came time for Pasquale Romano, the CEO of the electric-vehicle charging company ChargePoint, to choose his next EV, it was a close call betweenTesla‘sModel YSUV and theFordMustang Mach-ESUV.

Ultimately, the Model Y won out due to its release date and Romano’s experience withTesla‘sModel Ssedan, Romano told business Insider.

The Model Y will likely become available much earlier than the Mustang Mach-E. Tesla has said the first deliveries will begin by the end of March, while the Mustang Mach-E won’t be released until the end of this year, after the lease on Romano’s Model S ends.

Romano’s familiarity with the Tesla user experience was also a major selling point. He praised the Model S’ storage capacity, performance, and tech features, including its ability to receive wireless updates and Autopilot, Tesla’s advanced driver-assistance system.

“I’m used to a Tesla experience,” Romano said. “I like the user experience in the car. I’m accustomed to it, so I don’t need to make that change.”

Still, it was a tough call choosing the Model Y over the Mustang Mach-E, Romano said.

“I’ve got nothing bad to say about the Mach-E,” he said. “That was a bold move from Ford. They’re going to hit the bullseye with that one. I’d be happy to own that car if I didn’t have something else.”

On paper, the Model Y and Mustang Mach-E are similar in many areas, though the Model Yhas an edgein range, starting price, seating capacity, and cargo space. It remains to be seen which of the two electric-vehicles shoppers will prefer, though there have been signs from Tesla and Ford suggesting each could ending up ranking among the best-selling EVs. 

The Mustang Mach-E’s “First Edition” trimsold outin December, about a month after Ford started accepting orders for it. WhileForddidn’t specify the exact number of reservations it received for the First Edition Mustang Mach-E, a company representative toldKelley Blue Bookin November that it would sell at least 1,000 and fewer than 10,000.

While Tesla hasn’t shared order numbers for the Model Y, its Model 3 sedan, which shares a platform with the Model Y, has been the best-selling electric-vehicle in the US for the pasttwo yearsby a significant margin, according to estimates from InsideEVs. Following the Model 3’s success, Tesla CEO Elon Musk haspredictedthe Model Y will be even bigger.

“I think it will outsell S, [Tesla’s Model X SUV], and 3, combined,” he said last year.

Get the latest Ford stock pricehere.

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