The bottom line is that if drivers are that smart, no one will sign up to drive for Uber and lyft. I have seen many drivers sitting at the airport for like 30 minutes and when they get a ride for $17 they are so happy and thought they are making $25 per hour.
Not in Texas I have to literally have stop request. You never sitting long in my city that's why I start at 4 am to 1pm which I beat traffic @@ZavHustles
Agreed, I think Tesla seems more appealing cuz it’s viewed as a cool car and they claim you can make more with “comfort electric” rides but those rides barely pay more than the normal rides.
You only should listen to this man if you have other options, but if you don’t have any options please listen to this because at least you will be earning.
Yeah I did a rental thru Hyrecar while my car was down. It most definitely is a rip I paid over $8,000 in 5 months. I could've bought a used prius cash. Renting is definitely a complete waste of money in my opinion.
@@ZavHustles I made little over 100k renting a tesla in Las vegas and not LA. I lived in the car and bust my ass every day for hours for a year and saved some money after car rental expenses and other bs. Was that worth it? No but I had to do what I could do. If you are an uber driver thats fine, but if you stay and uber driver you deserve it all. Goodluck
@@samricher I don’t disagree with you, this isn’t something that’s a career it should be a temporary gig. I’m curious, did you make 100k before or after expenses? I feel like you coulda bought a used Tesla and ran it into the ground and still made more money after expenses than renting, which is why I say renting is a scam
@@ZavHustles no man. That was without car expenses (2k a month) But I did it for 9 months and not a full year. Overall at least it is much easier and better to do it in Vegas market since most rides are shorts are tourists tip you.
I did a similar video about this when I had my ford mache. With buying my hyundai ioniq and that's $900/month plus my $210/ month insurance I get free charging and I have offsets from lyft of $150/week and uber gives me another $30-50/week. Then with the IRS mileage deduction I feel I'm doing well. Plus the EV is low maintenance. I've met drivers paying $425/week with their rentals.
Good points. Another thing as well, with the ford you were renting you were able to do both platforms but with an Uber Tesla rental you can only do Uber, which will bring definitely bring down hourly income
What’s really a scam is the people that pay $16-$30 for a ride everyday / every time they have to go somewhere if your a busy person say you take 90 rides per month @ $20 each that 1800 a month when you could just buy a car for $-500-$700 a month .. wait is even buying a car nowadays a scam too ? Buying gas is a scam shit we just live in a scam world lol 😂 I need to make that video ( humanity scam ) how the world fuks us lol 😂
Yes it is. I rented a tesla for 9 months from hertz because I didn’t have a choice and it totally was not worth it. The car itself was $415 a week with tax and insurance plus charging was about $150 a week. So I was paying about $575 every week for the tesla and I would make only a $1000 after driving for 40 hours and my take home amount was only about $420 a week, way below minimum wage. I blew all my savings to pay my bills and rent because it wasn’t enough. And on top of that Hertz robbed me for a $600 plus my $200 deposit has never returned to me and it’s 2 months now after I returned the car. So that’s $800 they robbed me for
Haha it’s a complete ripoff bro! Especially if you already have a car. If you want to rent it for a week to do content then it might be worth it, you just gotta go ham and put in a bunch of hours that week
Some facts... Any rental, even to use for driving for Uber/Lyft or even any other driving gig... is not from the gig app, as you implied when replying to another comment from someone that claimed otherwise. Charging costs are cost per kilowatt hour, not cost per mile. It's miles per kilowatt hour the EV gets. The difference of cost per kilowatt hour is relevant to the cost of electricity in the area of the supercharger. Taxes and fees, for rentals, are always additional. That's simply how it works. All costs are deducted from gig app pay, just as taxes are. As per the graphic of rental cost of a Tesla, looks like a Model 3, for a week, that you showed... $334/w = shy of $47.72 per day, assuming you drive each day of the week (seven days). Obviously the $334 doesn't include the taxes, fees and charging - so these calculations do not include them. The way charging cost works with Tesla's and the supercharger network, the rental company - since you're renting the vehicle, would have to charge you their cost from you supercharging - unless you charge at home. The only way charging at superchargers would be directly charged to you is if the rental company programs your payment information into the vehicle as well. it would be best for them to just charge you. If you charge at home but not always then only the supercharger cost would be charged by the rental company. If you should happen to need to buy windshield washer fluid then the rental company should reimburse you for that - need the receipt - and any left over should be left in the vehicle. The final fact... It's your responsibility to bring in enough money to cover your expenses and still have money left over. The pay per hour calculation needs to include everything before taxes, charging, etc. Thus, assuming... you do 100 $5 rides any given day and say your pay is $1 for each of those rides, your pay for the day would be $100 - times seven days = $700. Federal minimum wage is $7.25/h, which means you'd have to drive (work) 13.8 hours to 'break' $100 each day. Minimum wage in my state is $14, so here you'd have to drive (work) 7.2 hours each day to 'break' $100/day. Guesstimating 30% for taxes would be $30 in taxes each day, leaving $70. Half of that can easily be a tank of gas, but it'd be reasonably less than that to charge an EV one time from nearly 0% to 80% or even 100%. It's actually best to charge at home, if you can, because supercharging is harder on EVs, which is why they're meant for long distance travel.
@@Killahkron1992 if you buy the wrong vehicle yes, I see people doing gig work with American cars and that’s also equally unintelligent. Best bet is to get a Toyota or Honda, in addition to it being a hybrid so you save money on fuel
@@esehavek1 the earlier models had horrible reliability but I think they’ve gotten a lot better, I wouldn’t stress about the battery pack or the electric engines but I’d probably worry about a lot of the other minor things that could go wrong
People rent the Tesla because they have to not because they want to. Renting from hertZ/ Uber is a scam it’s for people with no credit or down payments
I value my Uber drivers and the service that they provide but The truth is that many of them are uneducated and will not do the math.... If they were highly educated they most likely wouldn't be driving for Uber....😂😢
I’ve done a lot of research on this brother. You might get 5 cents a mile with a home charger but you will almost never get a rate that good at a supercharger.
@@ZavHustles Im not talking about research, although it’s just anecdotal because it only applies to one location where I Live and it is a supercharger. It has about 20 spaces.
@@TeslaMan69 maybe that location is just cheap? I’ve watched a bunch of videos and the lowest I saw someone get was about 7 cents a mile, while most paid more than that
I understand what you’re saying. And you make some great points. But you have to compare the pros and cons from renting to owning. Not just the renting standpoint. I think most rent due to obvious reasons. Maintenance and fuel comparisons. I use my own vehicle and I’ve put on some serious miles and probably change the oil every 6 Wk’s. Not to mention the ware on tires. My fuel cost is from $150-$180, Sun through Friday. Just to go further into it. I drive over night. When traffic is not bad at all. Imagine during the mornings or during the day. Houston is no joke when it comes to traffic. Yeah you may make less on what an average person might make at a fast food restaurant. But rideshare drivers due it for the freedom. Renting,,,It may be a ripoff but in essence. It does come with some pros. That some are willing to take a gamble. I’m on the fence on renting. Thanks for sharing. Stay safe. 👍🏼👍🏼
You gotta think about it this way, a rental car company has one objective, to make money. I’d they are offering you a car at a certain price it’s because they are making money off of you, which means you are spending more money than they are to upkeep the car, that’s where their profit comes from. You are spending more money on the car than they are, which is how they make a profit, which is proof that you are losing money but not owning the car yourself
That is such a harsh statement, you have no idea the struggle it is to make it , people have to do what they need to do to survive. I just signed up as my expense keep going up and it’s for a short time period
@@ZavHustles I feel lucky. I'm a college student through Uber Eats' partnership with ASU Online. To maintain eligibility for the 100% tuition coverage, I need to 100 points per month which is ~10 hours of dinner time deliveries. I'm sure only a minority of drivers are utilizing the opportunity though.
U wont get any sleep u will be at charger 12 in the night it really is horrible lol I'm out for goodbno more renting I'm same place where i start lol take my advice run lol
@@renewableaccess9714 No one said it was charged by the mile dumbo. You take the cost of the charge and divide that by the miles of range you gained from the charge in order to get the cost per mile, free lesson for you today, you’re welcome.
You clearly have an auditory processing disability. Perhaps re-watching this video without distractions will enable you to hear the many references to charging by the mile.
@@renewableaccess9714my Prius costs 5 cents a mile for gas, does that mean I pay by the mile? No. It means you run the numbers to figure out how much the cost per mile is, depending on your cost per gallon and milage your vehicle gets. You’re trying so hard to sound intelligent but you can’t even put 2 and 2 together. I’m gonna assume you’re one of the morons who rents a Tesla and this video pissed you off.
@@ZavHustles I'm not saying it's particularly complicated to figure it out. I am saying that if you tell people that charging is priced by the mile, you shouldn't be giving your analysis. Furthermore, when you say that no one said charge by the mile, you're just flat out wrong and an idiot for doubling down.
