Looks like a solid first effort.
I agree. But I don't think it's going to accomplish what they're hoping it will. Especially given that the Model Y will be available sooner.
Here's what gets me: If you consider their lowest-priced model, and compare it to my Model 3 LR RWD, it has the same size battery and the same number of motors. So...
Model 3 LR RWD: 325 miles range
Mach E with same size battery, RWD: 230 miles of range... Yes, with the same size battery.
I'd forgive that if they took a hit on range in exchange for performance, but they just didn't.
Model 3 LR RWD: 0-60 in 5.3 seconds (Some tests say 5.0)
Mach E with same size battery, RWD: 0-60 "in the low six second range" per Ford.
Okay, that too could be forgiven if it was lower-priced... but it's basically the same price.
Model 3 LR RWD: ($45,900 when it was last available as of late 2019.)
Mach E with same size battery, RWD: $43,895 MSRP, essentially $2,000 less.
So it seems Tesla still has a huge advantage in terms of getting electrons to push pavement efficiently. I don't know if it's their batteries, their motors, or both, but they clearly have the most efficient drivetrain.
A similar comparison could be made with the Model Y. In similar configurations, the Model Y RWD gets 300 miles of range, 0-60 in 5.5 seconds, and its launch price will be $48,000. (There the price difference is a little more substantial.)