The 11,000 may be limited by the suspension system.

So in terms of comparisons I don't think you're wrong, but it might be better to compare it to the F-150 Lightning for more of an apples to apples comparison. The F-150 Lightning Platinum vs Cybetruck AWD is probably the most fair comparison in terms of specs, but the CT is ~$20,000 cheaper

If we compare the F-150 Lightning Lariat with XR Battery to the Cybertruck AWD, because of price:

F-150:

Range: 320mi

Towing: 7,700lbs

Curb Weight: 6,361lbs

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CT:

Range: 340mi

Towing: 11,000lbs

Curb Weight: 6,603lbs

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F-150 Lighting Platinum to CT Cyberbeast, because of price:

F-150:

Range: 300mi

Towing: 8,500lbs

Curb Weight: 6,893lbs

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CT:

Range: 320mi

Towing: 11,000lbs

Curb Weight: 6,843lbs