I thought the same thing about them putting the Mustang name on car that looks less like it's made for red-blooded American men, and more like a minivan had a love child with a hatchback.
Then I test drove one. Performance-wise the name fits. Stomping on the accelerator will throw you into the back seat. And I didn't truly test this part, but supposedly having the battery bank at the bottom of the car gives it a low center of gravity and makes it handle curves a lot better. Especially if you get an AWD version.
My wife and I ordered a Hyundai Ioniq 5 because it gets more miles per kWh, charges a lot faster, and has a longer warranty for the battery than the Mach-e. If you want one cheaper but a hair more efficient, get the Kia EV6 (it's a small car, not a "mini-SUV" but EV tech wise it's the same as the Ioniq 5).
No thanks. Too much money for a daily driver with no cross country capability.