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Tesla Cybertruck vs Ford F-150: Cost of ownership battle ends with eye-opening results
The Tesla Cybertruck offers several benefits that make it an ideal alternative to conventional pickup trucks like the best-selling Ford F-150. But beyond its polarizing design and healthy set of features, one thing may really be the difference-maker for customers who are considering a Cybertruck purchase: its cost of ownership.
Pickups are very popular in the United States, holding about 17% of the US auto sales market last year. Yet, for all their popularity, trucks are also notoriously expensive to own, thanks to their large engines that guzzle fuel. Considering that the Tesla Cybertruck promises a lower cost of ownership compared to traditional trucks like the Ford F-150, it then becomes pertinent to run the numbers between the futuristic upstart and the tried-and-tested veteran.
This was the topic of a recent video from Tesla owner-enthusiast Ben Sullins of YouTube’s Teslanomics channel. In his video, Sullins compared the cost of ownership between the Tesla Cybertruck and the Ford F-150 over a five-year period. The results were notably eye-opening.
Sullins opted to utilize the Ford F-150 because it is the most popular pickup in the United States. He also selected the 2020 Ford F-150 Lariat SuperCrew as the truck of choice for his comparison, since the variant was the trim which received Edmunds‘ recommendation. This version was compared with the Tesla Cybertruck’s Dual Motor AWD variant, which CEO Elon Musk noted was receiving the majority of reservations from consumers. To make the comparison as fair as possible, Sullins opted for options in the F-150 that would make it as similar to the mid-level Cybertruck as possible, such as 4×4 and a six-seat configuration.
For the vehicle’s true cost of ownership over 5 years, the Teslanomics host referred to Edmunds‘ TCO metrics, which includes Depreciation, Taxes and Fees, Financing, Fuel, Insurance, Repairs, and Maintenance. Considering that the Cybertruck is not on the road yet, Sullins opted to estimate the all-electric pickup’s depreciation, taxes and fees, and financing on the F-150’s numbers. The same was true for the Cybertruck’s estimated insurance costs.
Things started to diverge when maintenance and fuel costs between the two vehicles were considered. The Tesla Cybertruck’s maintenance will likely be marginal compared to the F-150, which is equipped with an internal combustion engine. Fuel costs were also very different between the two vehicles. If one were to consider the average price of fuel in CA and TX and a yearly mileage of 15,000 miles, a Ford F-150 owner in CA could spend about $3,183 in fuel costs per year considering the state’s average fuel cost of $3.82 per gallon. An F-150 owner in TX, where gas prices average $2.24 per gallon, could spend about $1,866 per year in fuel costs.
In comparison, a Cybertruck owner in CA, where electricity costs a pretty steep $0.26 per kWh on average, will spend about $1,950 in charging costs for a year. A Cybertruck owner from TX, where electricity costs $0.09 per kWh, could spend as little as $675 per year. It’s pertinent to note that these costs do not account for off-peak hours, where electricity is cheaper.
Overall, Sullins estimated that the total cost of ownership for a Ford F-150 in CA would be around $72,459 over five years, while one in TX stands at about $65,467. Thanks to low charging and maintenance costs, the Cybertruck would likely have a TCO of $53,379 in CA and $46,610 in TX, respectively. That’s a difference of $19,080 and $18,858 over the course of five years. Of course, if a Tesla owner charges the Cybertruck through solar panels, then the TCO of the all-electric vehicle will be even lower.
Inasmuch as the Cybertruck is polarizing for its looks, it is difficult not to see the value of the vehicle when it comes to cost of ownership compared to traditional pickups. This is something that is key to potential Cybertruck customers such as companies that are managing fleets of vehicles. If something like the Cybertruck comes along and offers the same utility and better performance while offering lower operating costs, there is very little incentive to ignore the vehicle just because it doesn’t look like every other pickup in the market.
Watch Ben Sullins’ breakdown of the Tesla Cybertruck and the Ford F-150’s cost of ownership in the video below.
Tesla (NASDAQ: TSLA) beat Wall Street expectations of 406,000 vehicles delivered in Q2 by reporting 480,126 deliveries for the three months ending in June.
Tesla reported it delivered 467,762 Model 3 and Model Y units, while 12,364 Model S, Model X, and Cybertrucks switched hands during the quarter. The Model S and Model X were officially sunset this past quarter and will no longer be part of the company’s Production & Delivery reports moving forward.
🚨 BREAKING: Tesla delivered 480,126 vehicles in Q2, ANNIHILATING Wall Street expectations of 406,000. Production was reported at 451,758.
Deliveries:
Model 3/Y: 467,762
Other Models: 12,364Production:
Model 3/Y: 442,936
Other Models: 8,822 https://t.co/TTHwQAsKt8 pic.twitter.com/7qI4Zj6FE5— TESLARATI (@Teslarati) July 2, 2026
The quarter is a pleasant surprise and a good rebound from Q1, when Tesla slightly missed the Wall Street consensus of 365,645 cars by reporting 358,023 deliveries for the first three motnhs of the year.
Energy storage deployments also provided some strength in Tesla’s delivery report, hitting 13.5 GWh for Q2. This is a particular division of Tesla’s business that has been overwhelmingly robust over the past few years, truly being a strong point of the company’s overall model.
For the year, Tesla analysts still predict deliveries to trend in the 1.69 million unit region, a modest 3 to 5 percent increase from the 1.64 million cars the company delivered last year. Tesla will likely return to more sequential and noticeable year-over-year growth as the Cybercab project starts to ramp up considerably in the next few years.
Tesla has some other potential catalysts to spur vehicle deliveries, too. Not only is it expecting Cybercab to truly start making a change in the next few years, but other vehicles could be entering the company’s lineup.
Tesla sends production Cybercab with no steering wheel, pedals to on-road testing
The slightly longer Model Y L has been a highly speculated release candidate in the U.S. It has already done incredibly well in China, and U.S. buyers have been wanting slightly more interior space than the Model Y. Now that the Model X is gone, it is more needed than ever.
Q2 highlights a pretty stable automotive division within Tesla, and no true concerns arise from these figures, especially considering it managed to beat expectations convincingly.
Tesla CEO Elon Musk posted a photo of himself standing with the Optimus production team inside Tesla’s Fremont factory, arms crossed amid workers in hard hats and safety vests. The image captures a pivotal industrial shift: the same facility space once dedicated to building Tesla’s flagship Model S sedan and Model X SUV is now home to the company’s humanoid robot manufacturing line.
Walking the Optimus production line in Fremont pic.twitter.com/ABS0tuRibW
— Elon Musk (@elonmusk) July 1, 2026
Tesla’s Fremont Factory, acquired in 2010 from the former NUMMI joint venture between Toyota and GM, has been the company’s original U.S. manufacturing hub since Model S production began in 2012.
The Model X followed soon thereafter. These premium vehicles offered lower annual volumes, recently around 30,000 combined, compared to the high-volume Model 3 and Model Y lines that continue around the site. Over their combined run, the S and X accounted for roughly 610,000 units.
In late January 2026, during Tesla’s Q4 2025 earnings call, Elon Musk announced the end of Model S and Model X production in Q2 2026. The final vehicles rolled off the line in early May. Rather than retooling for another vehicle, Tesla chose to convert the dedicated S/X assembly area into a dedicated Optimus Gen 3 production line.
Model 3 and Y manufacturing remains unaffected. Tesla’s official Fremont Factory page now lists Optimus alongside the 3 and Y as core products.
The conversion was executed with remarkable speed. After production stopped, crews dismantled the existing vehicle line and installed entirely new modular equipment—including lines sourced from Germany and dozens of sub-lines for actuators, batteries, and other components—in roughly four months.
Musk described the timeline as “insanely fast,” noting it would be unprecedented for any other manufacturer. Initial Optimus output is expected to ramp slowly due to the robot’s roughly 10,000 unique parts and the brand-new production processes involved. The Fremont line targets an eventual capacity of 1 million Optimus units per year.
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
Optimus Development Timeline
- August 19, 2021: Optimus (then called Tesla Bot) formally announced at Tesla’s first AI Day. A concept video showed a person in a suit demonstrating the vision for a general-purpose humanoid capable of dangerous, repetitive, or boring tasks using the same AI architecture as Full Self-Driving.
- 2022: Early prototypes displayed. At the second AI Day in September, semi-functional units demonstrated walking across a stage and basic arm movements
- 2023: September videos showed improved capabilities, including sorting colored blocks, precise limb awareness, and holding a Yoda pose.
- 2024-early 2025: Factory integration videos showed Optimus navigating workspaces and handling objects like battery cells.
- January 2026: Gen 3 mass-production activities began at Fremont, with reports of over 1,000 Gen 3 units already operating inside the factory for real-world learning and AI training
- April 2026: Musk confirms Optimus production on converted Fremont line would begin in late July or August 2026. The Gen 3 reveal, originally eyed for Q1, was pushed closer to production start. A second, much larger Optimus factory at Giga Texas is under construction, with volume production targeted for Summer 2027 and long-term capacity of 10 million units annually
- July 1, 2026: Musk’s on-site visit and team photo confirm the Optimus line is operational and the transition is actively progressing
Tesla positions Optimus as potentially its largest project ever, leveraging vertical integration, AI expertise, and car-like manufacturing know-how to scale humanoid robots first for its own factories and later for broader industrial and consumer use.
The Fremont conversion serves as a critical proving ground for this ambitious new chapter in Tesla’s already-rich history.
Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
The Tesla and SpaceX merger everyone is talking about is quietly building
Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Tesla annihilates Wall Street expectations with strong Q2 delivery showing
Tesla Optimus project fires up as Musk sees production line progress
