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Tesla Truck vs Ford F-150 Cost of Ownership: Is the Tesla a Value Buy? - YouTube
Channel: Ben Sullins
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the Tesla cyber truck is here and it is
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wild as you obviously have already seen
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but now I think it's time to take a
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deeper look and see how it stacks up
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from a price comparison to the most
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popular truck in the United States the
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Ford f-150 let's go
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[Music]
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Elon set up the cyber truck unveil is
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something that was going to be different
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looking check have crazy specs check and
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be cheaper than the f-150 well let's see
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about that we buy a lot of trucks here
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in the United States and we have for a
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very long time and the most popular one
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by far is the Ford f-series now the
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f-series encompasses many different
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models but let's just pick the most
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popular one and see how it actually
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stacks up price-wise so let's just go
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here and see oh my god how many options
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are there well since I don't know what
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the difference is between these I'm
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gonna go to edmunds.com
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and just see what they have to say okay
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so it looks like the Lariat option which
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isn't the lowest but isn't near the
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highest is kind of the best value
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according to edmunds.com so let's price
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it out we need to just pick the Lariat
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model then add the super crew cab which
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seats six to match what the cyber truck
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has choose the 4x4 option in the
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powertrain and then we can find the
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price now on the cyber truck side there
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are three different options and to kind
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of be with what is probably going to be
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the most popular one I think we should
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stick with the dual motor option which
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is a price of forty nine thousand nine
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hundred dollars now you could choose
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different options obviously and as you
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saw on the Ford side there are hundreds
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of choices with all kinds of different
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options you can add on the Tesla side
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it's just a lot simpler and more
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straightforward but I wanted to pick two
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that we're very similar kind of
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middle-of-the-road vehicles that one
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from Ford was recommended by Edmunds so
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it's not something I cherry-pick to be
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better price-wise here and on the Tesla
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side I picked the one that Elon reported
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is the most popular one in terms of the
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reservations that have already been made
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so trying to be as fair as possible here
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just picking apples to apples in terms
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of two trucks that likely will be head
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to head when people are considering
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which one to buy now when it comes to
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actually figuring out the cost
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these thankfully edmunds.com has been
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doing this for decades and we can
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basically just take the figures that
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they've given us and plug them in and if
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you're not familiar with the categories
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we have depreciation taxes and fees
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insurance maintenance repairs financing
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costs and fuel so when you're talking
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TCO the true cost of ownership those are
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the categories you're looking at you're
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not really just looking at the initial
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price although that does play a factor
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in the overall cost so let's head over
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to the TCO page for the tales of cyber
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truck wait what how come where where's
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the come on Edmunds what is going on
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Edmunds get it together okay fine let's
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calculate it ourselves
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and in order to do that we need to make
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some assumptions because obviously these
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vehicles are not on the road yet and
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there isn't much data to really go off
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but I want to try to be as fair as
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possible again when comparing these two
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vehicles first when it comes to
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depreciation and what I did here was I
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took the percent of depreciation
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compared to the original sales price the
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MSRP and applied that to the tesla car
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so that way it's essentially the same
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percentage drop over the five-year
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period I also did this for taxes and
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fees and for the financing costs
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I took the insurance from the forward
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and applied it directly assuming they
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would be apples to apples here of course
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a lot of what goes into insurance costs
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is based on your provider based on your
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own situation so it really is impossible
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to to have a real number here without
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you getting a quote yourself so that's
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why I just decided to copy it from one
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to the other
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assuming that they'll be relatively
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similar in price now for me that's what
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I did since Tesla doesn't actually
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require any maintenance the thing that
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they're doing now is after two years
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you're gonna come in and get an
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inspection which runs about 200 bucks
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and then if there's anything that needs
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to be fixed often there is not you'll
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then pay for that out of pocket so
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essentially it's zero dollars and
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maintenance other than this $200
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inspection so that's what I put for
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maintenance costs on the repair side
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again there's not really anything here
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other than tires
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I listed tires at a thousand bucks who
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knows what the actual cost may be but
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that seems kind of higher than your
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normal but not crazy expensive versions
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of tires that you may get for a vehicle
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like this now let's talk about fuel
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because this is where things diverge
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pretty dramatically from one to the
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other
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on the Edmond site they use a 15,000
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miles
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per year estimate for their fuel costs
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so what I did was I started there
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assuming you're gonna drive 15,000 miles
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per year
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I used a miles per gallon for the fort
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of 18 miles per gallon and on the tells
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of cyber truck side I used something
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called watt hours per mile this is
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essentially how much energy or
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electricity does it take to go one mile
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so very similar in concept to miles per
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gallon here and for this I used 500 now
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that's a pretty high number the Model X
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from Tesla gets around 450 based on the
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data I've seen so I'm assuming this is
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going to be more than that but also a
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lot of the aerodynamic people out there
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posting videos or analysis of the show
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that it's going to be really great
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Elon is even tweeting that this could
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have some really tremendous aerodynamic
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properties meaning that it's going to be
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more fuel-efficient than it may seem
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just from the size of the vehicle so I'm
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trying to be conservative again giving
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them a watt hours per mile of 500 now to
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calculate the cost of gas I chose two
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different locations it's California and
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Texas so California I looked at the
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average gas price and I got this from
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gas buddy.com and currently it is $3.82
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so if you drive 15,000 miles per year
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you get 18 miles per gallon and then it
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costs three dollars and 82 cents per
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gallon to fill up the annual cost in
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California of fueling your f-150 will be
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three thousand one hundred and eighty
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three dollars and 33 cents now in Texas
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it's a bit cheaper the average price of
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gas as the time of this recording was
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two dollars and twenty four cents so
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that means doing that same math that the
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annual cost in Texas was going to be one
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thousand eight hundred sixty six dollars
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and 67 cents so already you can see that
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just depending on where you live there's
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gonna be a big difference in the cost of
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owning these vehicles so for electricity
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it's kind of the same deal where in
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California the price is vastly different
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than it is in Texas and even beyond the
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prices I'm using what you see are
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variability within local municipalities
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so for example in California you can
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have time-of-use rating which gives you
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an even cheaper rate to charge your car
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in this kind of super off-peak zone but
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what I wanted to do again was be
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conservative and try to be fair and so
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in California you're looking at twenty
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six cents per kilowatt hour
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which multiplied times the fifteen
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thousand miles per year and the five
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hundred watt hours per mile gives you an
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annual cost in California of $1,950 and
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then
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Texas where the average price of
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electricity is around nine cents a
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kilowatt hour you're looking at six
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hundred and seventy five dollars total
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for the year all right so we've got all
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our numbers calculated now it's time to
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add them up and see who wins but before
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we do that I want you to try and guess
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I'm guessing a lot of you will pick the
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cyber truck and you're probably going to
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be right but go ahead and head down to
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the comments section leave a comment as
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to which one you think is gonna win and
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by how much then after the video plays
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here come back and see if you were right
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so adding it all up in California what
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we have is a total for the Ford f-150
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across five years true cost of ownership
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of seventy two thousand four hundred
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fifty nine dollars details of cyber
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truck in California across five years
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fifty three thousand three hundred
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seventy nine dollars a difference of
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nineteen thousand eighty dollars so
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that's a big big difference as you may
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have guessed let me know if you did now
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in Texas it's a little bit different
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story where the true cost of ownership
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across five years for the Ford f-150 is
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sixty-five thousand four hundred sixty
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seven dollars and the tails of cyber
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truck is forty six thousand six hundred
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ten dollars with a difference between
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those of eighteen thousand eight hundred
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fifty eight dollars so very similar
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between California and Texas now again I
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used twenty six cents per kilowatt-hour
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for the cost of electricity here in
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California however when I charge at home
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which is where ninety percent of the
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time you would be charging your cyber
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truck I pay the same as the people in
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Texas two of nine cents a kilowatt hours
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so again the savings would be even
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greater
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so overall yeah the Tesla cyber truck is
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objectively cheaper to own and operate
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across five years but I don't know if
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that's really enough to make people
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switch the design is wild it's
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futuristic it's definitely not for
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everyone and despite people not really
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using their trucks as trucks in fact
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there's a lot of data out there showing
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that most people don't even tow anything
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at least once a year and barely use the
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bed so trucks aren't necessarily bought
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for things like towing capacity unless
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you actually need them in which case the
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cyber truck probably isn't a good option
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anyway it's considering charging instead
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of a different video and different
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discuss
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but I really don't know if cost of
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ownership is a strong enough argument
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for your Ford f-150 people that have had
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them for generations to switch but it is
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encouraging especially considering
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250,000 people have already dropped a
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hundred bucks for a reservation how many
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of those will actually convert into
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owners I don't know I am one that
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definitely will and there are many
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others like me but overall I'm not
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really convinced that this is going to
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make a big dent in the millions of
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trucks that are sold each year it might
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eat some of the other market segments
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but from a truck standpoint I'm just I'm
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not convinced yet that it's really gonna
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be the game changer the next has the
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truck however probably will be that's it
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for this one I hope you guys enjoyed it
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yes I am in a new location here I do
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have a new studio
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things are getting still set up so we'll
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try to have some different looks for you
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coming soon but other than that let me
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know what you think in the comments and
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don't forget when you free the data your
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mind will follow I'll see you guys back
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here in the next one hey I hope you
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liked the video and I hope that it
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enlightened you a little bit about maybe
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some of the other comments that people
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have been making about the cost of these
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things because that's really what we
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like to do here on the show is look at
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the numbers and have them decide for us
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not us form opinions and then go into it
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with that preconceived notion of course
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we're human and that's always difficult
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to do but if you'd like to learn more
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dive deeper engage with the TASMAC
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community consider joining us at
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patreon.com slashed as an ox and I hope
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to see you there
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