I also thought the flare was a little odd and that we were just looking at an inner fender plastic, or assembly guard, but with the quality of the photos its hard to tell.
here is what some of the the raptors look like without the flare installed
I just ran across these renders from this Motor Trend article:
https://www.motortrend.com/news/2021-ford-bronco-paint-colors-leaked-revealed/
I went over to fullsize bronco to give a link but its calling it a banned site in the preview.
I do like the rectangular fenders over the Raptor style...
I believe ford calls them bead lock capable rims for DOT reasons. You can buy the bead lock rings aftermarket for "off road only" use.
Sure seems like what we are looking at here.
https://performanceparts.ford.com/part/M-1007-W1785B
https://performanceparts.ford.com/part/M-1021-F15RB
After looking at the photos, and reading through the thread I noticed these two bolts just in front of the coil over mount and this led me to looking at the Ranger Raptor suspension. Being on the T6 platform there are some similarities between the two an interesting comparison at the least...
Press release:
Hinting at upcoming Bronco production model, Ford’s Bronco R race prototype debuts in the desert to celebrate 50th anniversary of Rod Hall’s historic Baja 1000 win, an overall victory in a 4x4 that’s never been duplicated in 50 years
It was built for this, its engine roaring...
I was looking at this and comparing it to the "covered" Bronco image and noticed that the wheelbase on the mule looks to be a little wider then that image. Could this be a 4 door chassis?
I apologize for my terrible photoshop skills but here is a little visual.
Check out this video on Troller Brasil's you tube page around 43 seconds it shows a spinning CG model of "Troller Do Futoro". With the fullsize spare tire on the back and large hood scoop, it seems to match some aspects of Fords teaser photo. Although it has the more Troller styled boxed fender...
I assume, and hope, more news comes at SEMA. But maybe they will keep us waiting until the Detroit Auto show 2018? I cant think of an earlier show that they might release news at.