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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.
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Tesla ‘Killer’ heads to the graveyard as AFEELA taps out
SHM has officially discontinued development of its highly anticipated AFEELA electric vehicles. On March 25, the joint venture between Sony and Honda announced it would halt the AFEELA 1 luxury sedan and a planned SUV model.
There have been many Tesla “Killers” over the years, all of which have either failed to dethrone the automaker from its dominance in the United States, or even make it to the market altogether.
The Sony Honda Mobility (SHM) project, known as AFEELA, is the latest to make it to the grave, as the company announced its intentions to abandon the project earlier this week, Bloomberg reported.
SHM has officially discontinued development of its highly anticipated AFEELA electric vehicles. On March 25, the joint venture between Sony and Honda announced it would halt the AFEELA 1 luxury sedan and a planned SUV model.
🚗 Tesla Killers Graveyard:
Sony-Honda AFEELA
The sleek, AI-packed luxury sedan with PlayStation integration. Officially cancelled in March 2026 after Honda scaled back its EV plans.Fisker Ocean
Stylish SUV with solar roof promises. Company filed for bankruptcy in 2024 amid… https://t.co/Om14UhISOy— TESLARATI (@Teslarati) March 26, 2026
The decision follows Honda’s March 12 reassessment of its electrification strategy, which scrapped several upcoming EV programs amid slowing demand, high costs, and shifting market conditions.
SHM stated that it could no longer rely on key Honda technologies and manufacturing assets, leaving “no viable path forward.” Reservation fees for early buyers in California are being fully refunded, and the joint venture’s future is now under review.
Launched with fanfare in 2022, the AFEELA was positioned as a tech-forward premium EV blending Honda’s engineering reliability with Sony’s entertainment and AI expertise.
Prototypes featured advanced autonomous driving systems, immersive in-cabin displays, and even PlayStation integration, earning it early media labels as a potential “Tesla Killer.”
Priced around $90,000, the sedan was slated for limited production at Honda’s Ohio plant with deliveries targeted for late 2026. Industry watchers saw it as a serious challenger to Tesla’s dominance in software, connectivity, and premium appeal.
Yet, like many ambitious EV projects, it fell victim to broader industry headwinds: softening consumer demand, persistent high interest rates, and intense competition from established players.
The AFEELA joins a long list of vehicles once hyped as “Tesla Killers” that failed to deliver. In the late 2010s, Fisker’s second act, the Ocean SUV, promised stylish design and solid-state battery tech but collapsed into bankruptcy in 2024 after production delays, quality issues, and financial shortfalls.
Faraday Future poured billions into the FF 91 luxury sedan, touting it as a hyper-tech rival with unmatched performance and features; the company delivered fewer than 100 vehicles before fading into obscurity.
Lordstown Motors’ Endurance electric pickup generated massive pre-order buzz and Wall Street excitement but imploded after exaggerated range claims, a factory sale, and eventual bankruptcy.
Even Lucid Motors’ Air sedan, frequently called a Tesla slayer for its superior range and luxury, has struggled with sluggish sales and missed growth targets despite strong reviews.
Rivian’s R1T and R1S trucks enjoyed similar early acclaim and a blockbuster IPO, yet production ramp-up challenges and profitability woes have prevented it from dethroning Tesla.
The AFEELA’s quiet demise underscores a harsh reality in the EV sector. While Tesla’s first-mover advantage in software, charging infrastructure, and brand loyalty remains formidable, legacy automakers and tech newcomers alike continue to underestimate the complexities of scaling affordable, desirable electric vehicles.
As market realities force tough choices, the graveyard of “Tesla Killers” grows longer, another reminder that innovation alone is rarely enough to topple an established leader.
Elon Musk
TIME honors SpaceX’s Gwynne Shotwell: From employee No. 7 to world’s most valuable company
Time Magazine honors Gwynne Shotwell as SpaceX reaches a $1.25 trillion valuation and eyes its IPO.
TIME Magazine has put SpaceX President and COO Gwynne Shotwell on its cover, and the timing could not be more fitting. Published today, the profile of Shotwell arrives at a moment when the company she has quietly run for more than two decades stands at the center of the most consequential developments in aerospace, artificial intelligence, and the future of human civilization.
Shotwell joined SpaceX in 2002 as its seventh employee and has never stopped expanding her role. She oversees day-to-day operations across multiple executive teams spanning Falcon, Starlink, Starship, and now xAI following SpaceX’s February 2026 merger with Elon Musk’s artificial intelligence company, a deal that made SpaceX the world’s most valuable private company at a reported valuation of $1.25 trillion. A highly anticipated IPO is expected in the second quarter of 2026.
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Her track record is historic. She oversaw the first landing of an orbital rocket’s first stage, the first reuse and re-landing of an orbital booster, and the first private crewed launch to Earth orbit in May 2020. She built the Falcon launch manifest from nothing to more than 170 contracted missions representing over $20 billion in business. Under her operational leadership, SpaceX completed 96 successful missions in 2023 alone and has now flown more than 20 crewed Falcon 9 missions. Starlink, which she championed as a financial pillar of the company long before it was a mainstream topic, now connects tens of millions of users worldwide and provided a critical communications lifeline to Ukraine following the 2022 invasion.
Elon Musk has never been shy about what Shotwell means to him and to SpaceX. When she shared her vision for worldwide internet connectivity through Starlink, Musk responded on X with a simple statement, “Gwynne is awesome.” It is a sentiment that has been echoed across the industry. NASA Administrator Bill Nelson once said of Musk: “One of the most important decisions he made, as a matter of fact, is he picked a president named Gwynne Shotwell. She runs SpaceX. She is excellent.”
Gwynne is awesome https://t.co/tiXtMWJmPE
— Elon Musk (@elonmusk) September 28, 2024
Now, with Starship targeting its first crewed lunar landing under the Artemis program by 2028, an xAI integration underway, and a pending IPO that could reshape capital markets, Shotwell’s mandate has never been larger. She told Time that 18 Starships are already in various stages of construction at Starbase. “By 2028,” she said, gesturing across the factory floor, “these should be long gone. They better have flown by then.” If Shotwell’s history at SpaceX is any guide, they will.
Elon Musk
SpaceX’s IPO might arrive sooner than you think
Musk has hinted for years that an eventual public offering was inevitable, though he has stressed the need to maintain operational focus. Insiders have told outlets that the CEO is pushing for a significant retail investor allocation, reportedly more than 20 percent of shares, and tighter lock-up periods to limit early selling pressure.
Elon Musk’s SpaceX is on the verge of one of the most anticipated Initial Public Offerings (IPO) in history.
However, a new report from The Information indicates the rocket and satellite giant is aiming to file its IPO prospectus with U.S. regulators as soon as this week, or early next week at the latest.
People familiar with the plans told The Information that advisers involved in the process expect the IPO could raise more than 75 billion dollars, potentially making it the largest stock market debut ever and eclipsing Saudi Aramco’s 29.4 billion dollar offering in 2019.
The filing would mark the formal start of what has long been rumored: SpaceX’s transition from a closely held private powerhouse to a publicly traded company.
The timing aligns with earlier signals.
In late February, Bloomberg reported that SpaceX was targeting a confidential IPO filing in March and a possible public listing in June, with a valuation north of 1.75 trillion dollars. At the time, the company’s private valuation hovered around 1.25 trillion dollars.
SpaceX considering confidential IPO filing this March: report
Starlink, SpaceX’s satellite internet constellation, has been the primary driver of that surge, now serving millions of customers worldwide and generating steady revenue. Recent Starship test flights and a record pace of Falcon launches have further bolstered investor confidence.
Musk has hinted for years that an eventual public offering was inevitable, though he has stressed the need to maintain operational focus. Insiders have told outlets that the CEO is pushing for a significant retail investor allocation, reportedly more than 20 percent of shares, and tighter lock-up periods to limit early selling pressure.
A June listing would give SpaceX immediate access to public capital markets at a moment when demand for space-related stocks remains high. It would also allow early employees and long-time investors to cash out portions of their stakes while giving everyday shareholders a chance to own a piece of the company behind reusable rockets, global broadband, and NASA contracts.
Of course, nothing is certain until the SEC filing appears. Market conditions, regulatory reviews, and Musk’s own schedule could still shift timelines.
Yet the latest word from The Information suggests the window has opened. If the filing lands this week, SpaceX’s roadshow could begin in earnest within weeks, setting the stage for what many analysts already call the IPO of the decade.
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