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You're not wrong, but due to many reasons, most of them cultural and political, most of them CAN still do normal truck things, assuming you don't need a long-bed, don't mind your very expensive toy losing its value as it gets beat up, and can fix or tolerate various frills failing over time. I am starting to see well-worn work trucks that were almost certainly bought used but would have been considered luxurious when new. There's at least a modicum of utility there that the chassis and motor can still have a second life as a truck after a few years as a grocery-hauler. There's also still one dealer near me that stocks row upon row of white Silverados with steel wheels and vinyl interiors.
The Cybertruck is very bad at truck things regardless of how you feel about its resale value, and at this point it's just a way for assholes with too much money to make their entire car a MAGA bumper sticker.