There are articles and tweets floating the interwebs today about leaked pricing for the Ford F-150 Lighting electric truck. Which of course sparked F-150 Lighting vs Tesla Cybertruck pricing conversations. To me this is kind of like comparing KITT from Knight Rider to a 1982 Pontiac Firebird Trans Am. One is real, and the other is, well, a maybe at best.
But to keep my boss happy, sure, let’s have that conversation.
Let’s dig into that a bit.
The leaked document states all the trims will have a dual motor and be 4X4. So, the only Tesla truck we can truly compare it to will be the mid-grade dual motor AWD Cybertruck, which has a range of 300 miles and a base price of $49,900. That’s without any options or subscriptions, and if past Tesla pricing is anything to go by, this is not what you’ll actually pay for the vehicle. But since this whole article is fiction at this point, let’s say that is the actual price you’ll pay.
Ford has released more details of its F-150 Lightning packages and pricing
The closest comparable to the $49,900 AWD Tesla Cybertruck costs $79,474 — almost $30,000 more😳 pic.twitter.com/1L8SupYEPr
— Not_an_Analyst (@facts_tesla) June 17, 2021
If you look at the fine print on the leaked document, all F-150 Lightning trucks will have the extended range battery as an option. That means even the base Pro work truck, can get the extended range. InsideEVs says the only comparable vehicle will be the Lariat+ Premium Package because it includes the extended range battery and seems to be comparably equipped to the Cybertruck.
I’ll argue the XLT trim is a pretty nice truck at a base level, and that’s where we should start the comparison. While we don’t know what the price of the extended range battery will be, let’s extrapolate. The Ford Mustang Mach-E has an extended range-range eAWD battery option that costs $7,700. So, let’s use that as a base.
If you take the XLT, add $7,700 and account for the federal tax credit (which Tesla doesn’t qualify for any more), you’re looking at $53,174. And that puts it in the Cybertruck ballpark.
|Ford F-150 Lightning||Tesla Cybertruck|
|Dual Motor AWD||$39,974||$49,900|
|Dual Motor AWD after tax credit||$32,474||$49,900|
|Dual Motor AWD w/ 300 miles of range (est)||$60,674||$49,900|
|Dual Motor AWD w/ 300 miles of range after tax credit (est)||$53,174||$49,900|
So, as you can see, if you look at dual motor to dual motor, 300 miles of range to 300 miles of range (not the tri-motor 500 miles of range), the F-150 Lightning vs Cybertruck is theoretically competitively priced.
Ford Motor Co. isn’t stupid. It knows people are going to do F-150 Lightning vs Cybertruck comparisons, and even if the Cybertruck is just vaporware at this point, the F-150 Lighting will have to measure up.
To create an EV truck that costs $30K more than a potential Tesla truck would be stupid.
We don’t have any confirmation from Ford that the leaked pricing is real, nor do we have a real ETA for when Cybertruck might be released. So, only time will tell what’s real and what isn’t.