⚡Missed part one? Catch it here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-xSkYXlGT5ZE.html&t ►Going Electric? Save $1,000 On A Tesla: www.tesla.com/referral/mike68332 (affiliate) 28:58 - Correction: The weekly rental cost was in fact $392.06, the $445.19 included the Tesla charging which I line itemed separately. Small adjustment in overall earnings
Total gross revenue $1,439.82 - Rental cost $445.19 - charging cost $51.86 Net revenue $942.77 Net revenue per $31.19 per hour worked. You welcome leave me a thumbs up. 👍
I would imagine that this could be beneficial if you are in the correct market where the riders would prefer an EV as long as they are not an extremist
@@vammyhouse5206 yup, and get this… I don’t live paycheck to paycheck either. I will never get a W2 to build someone else’s dreams for as long as I don’t have to.
I don’t wanna be too intrusive but can you elaborate a lil more about your average drive hours per week and take home!? Asking bc I own a Tesla that is paid for.
@@curtisbakertv I own a Tesla and I currently got laid off from Tesla. Would you recommend doing Uber eats or Uber drive? What tips would you give for people who are just starting. Pls and thank you
I’ve calculated it’s average 10$ per trip “average” and takes about 4 hours average to do 100$ If you also look in this video you will see 18$ for 18 minutes while the mileage is 7miles. At 15:55 if I could make that I would drive like crazy. It was Uber x At the current rate I have calculated it’s 2miles for 1$ so you do 300 miles for 150$ basically which cost 30$ in gas because it’s 5x what you spend on gas. I still see 22 an hour average as possible but that’s before expenses and the worst issue is to many drivers to compete with so you can’t get any rides without long waits. They might be being more selective about the trips because in a 1 minute wait zone you can decline a lot of rides and it makes little difference in your uptime. Each ride takes about 20 minutes and if you accept bad trips it might be a loss of opportunity cost but it hard to create a formula for acceptance. I currently run pretty close to 100% acceptance and have notice short rides only take 5 minutes for the ride and however long it took to get them. So you can pull 4 or more in one hour still averaging above 20$ and it benefits your acceptance rate. Now the numbers seem to present 18$ for 36 minutes. And you are left with 24 minutes remaining which means you can net 12$ or if it lines up right. 30 an hour if your lucky. 22 if your not lucky. I just plan to work 5 hours at a time and sleep and repeat 2x a day and I make 200 a day though that’s about 40$ in gas. His promotions are affecting the numbers dramatically. If you plan on doing 150 every day just do 75 for 4 hours and then stop and do 75 again after some sleep x7 is 1050$ and hopefully buy your own car so you don’t pay a rental for 300 a week.
So I would drive 8 hours 4 days a week and 12 hours 3 days a week to make $1300-$1400 a week but I paid $250 to a rental $200-$300 in gas and $100-$200 a week in Tolls so I would net $700-$800 a week working 8-12 hours 6 days a week barely got tips n had 2 deal with entitled assholes all day n night
I think it comes to preference. As someone who doesn't have a vehicle capable of doing Uber ride share, the rental options are appealing. Not having to pay for; maintenence, insurance, and possibly gas if renting an ev saves in a lot of different ways. The tesla offering additional ride types may also make it a better choice, depending on work ethic.
You still have to pay for insurance. It's a separate fee just like you would on a personal rental. It's optional but would you really want to opt out of that?
FYI: The chargers you're using are 72KW Superchargers (The slower models). Each station is full 72KW. Cranberry is 120KW, Franklin Park is 150KW. (New stations are 250KW) Cranberry and Franklin Park split 1 charger to 2 stalls. 'A' labeled stalls get priority if say 2 cars are plugged into the same number charger, once the 'A' car rate drops the 'B' car will be able to use some of that energy. Charging between 80 and 100% will be a lot slower than 0-80. Generally you only want to charge to 80 or so unless you really need the range because you'll be wasting a lot of time.
Great info, yes I hopped over stalls to not share charging but these are V1 as mentioned right (250 being V3 which don't share charges only V1 and V2 share to my understanding). The charging capacity depends on the battery chemistry, mine was LFP which is okay to charge to 100% per Tesla.
@@YourDriverMike he's not saying it's not ok to charge to 100... He's saying it's not efficient. 0-80 takes about 25 mins... 80-100 takes about 25-30 minutes lol so I usually juice up to 80 then slow charge the final 20 at home while I sleep. (Just ran the charger from my garage opener plug) super slow but gets me a few percent over night.
rented for 2 weeks, it cost me $600 a week think i made 1k for the week took 2 to 3 days to earn the money to pay the rental, I think I was doing 12 hrs or close to it. I also had to charge twice a day. You drive to pay for the rental. Completely not worth it for me (Chicago)
That’s great that you made that money on a busy day. I live in Maryland/Dc and the rental charges are $750 with deposit and $550 to $600 in some locations with insurance. Before charging and charging fees. I’m glad you did this video because I almost pulled the trigger on a normal week. I now know there’s no way it’s worth renting at least in Maryland
I drive Uber with a model 3 in Stockholm so this video is less than exiting. It’s an everyday thing for me. BUT there is a huge difference here. Uber in Sweden are ALL licensed taxis with licensed drivers. Car must be procured by a company licensed to run taxis and the driver either owns that company or is employed by such a company. I own my own business and up till recently had 7 drivers on my payroll and 4 cars. But since I am a full time IT-consultant doing this as a side gig I scaled back during the pandemic and now it’s just me and one Tesla. I was out Ubering with it today. It’s now over 3,5 years old with 110.000km on it running like a dream. Riders often think it’s new and don’t believe me when I tell them how old it is. They are often happy to get a Tesla and not a Toyota Prius but for me the operating cost is amazing. I drive for around $.20 per 10 kilometers which is insanely cheap compared to diesel. Maintenance is around $70 a year. And soon it’s paid in full and even cheaper to keep. Uber here allow it to be a black car and up to 8 years old so it will probably stay with me for a couple of more years.
Great video! I'd say the same one item everyone misses to add into their end calculations is CC Rewards. If the credit card used to cover any expenses offers points, then those charges will generate some % reward. Keeping an eye out for a cc that offers a great % reward on gas is a must (and so far...these reward points are non-taxable). Again, great video! Keep them coming!
Great video. I am currently a retired uber driver on diamond status. I started driving with Uber in 2014, driving from work home everyday which basically paid for my car payment, plus family vacation money. I was checking it out as a work when I retire from my main job. If you treat uber driving as a business, you can make a very decent living and I totally agree with you that driving is much better than delivering food. I drive a Chevy bolt since 2019 when they started the 1 dollar zero emissions bonus per ride. My payments are 320 per month and I get around 230 to 300 miles on a full charge, depending on the weather and driving conditions in Southern California. I average 30 hours pee week and with trip bonuses and tips, I average between 1400 and 1800 per week. I have a level 2 charger at home. I drive 3 hours per day during the week during school hours and 6 to 8 hours on Friday and Saturday night, usually between 6pm and 1 to 2am. I believe driving a Chevy Bolt with today's incentives is the best deal for the money. I am about to trade In my bolt ev, for a 2023 bolt euv. Again, treat it like a business and you can make a very decent living. I do about 50000 miles per year and I charge vehicles every 2 years. Also, with electric cars there are no maintenance, even brakes will last around 150000 on a bolt and around 200000 in a tesla. Keep up with great videos
@Linus A Agree and depending which state you live in. The ev can be bought for under 20000 dollars after federal and state rebates. Plus GM will install a level 2 charger up to 1000 dollars for free or Gove you 500 dollars in EVGO credits
Right I order Uber eats and ur driving a bmw I’m sorry I’m not contributing to your ridiculous car payment that I can’t even get 😂 it’s messed up but it’s true
THANK YOU SO MUCH! I AM PICKING UP MY RENTAL TUESDAY. I HAVE BEEN DRIVING FOR UBER WITH MY PERSONAL CAR HERE IN LAS VEGAS AND NOW ITS STARTING TO TAKE A TOLL ON MY CAR SLOWLY. I NEEDED TOO SEE SOME REVIEWS ONLINE BEFORE I COMMIT TO THE RENTAL EXPERIENCE. I SPOKE TO A CLIENT OF MINES WHO IS DOING THE RENTAL TESLA HERE IN VEGAS AND NOW HEARING ABOUT YOUR SUCCESS AS WELL , HAS REALLY GOT ME EXCITED.
I live in a suburb about an hour away from LA, and the surge pay for Eats...I repeat, for EATS, was insane. +$15, +$29.... It got as high as +$40 for the next delivery! The highest one I was actually able to do was +$29 yesterday for a quick Jack in the Box delivery
@@YourDriverMike yeah, it was over the Halloween weekend. What's funny is I got a +$35 for my next "trip" (I had it on Eats only), but since it was already really late at night and wasn't getting any deliveries, I turned on the Rides option and the second I turned it on I LOST the +$35 lol...
I drive Uber part time in Pittsburgh. I use a paid for 2011 Prius. Don't judge me. It still gets 46mpg. I may be wrong but I think you said you drove 469 miles and paid $51.86 in charging fees. That's more than I would have paid for in gas using my old Prius. I don't see the advantage of an EV over a hybrid. Sidenote - there is plenty of money to be made driving Uber in Pittsburgh. A driver can easliy average $300 a day if they keep their nose to the grindstone. You picked a holiday weekend with choice driving hours (night time bar rush). If I drove fulltime I would only do (mon - thurs) morning rush hours and afternoon to early night time hours and Friday and Saturday nights. Excellent video.
12:00 YES - if a passenger is approaching the car, and people are _helping them walk_ - that’s a clear sign to refuse entry, keep the doors locked and tell them to wait until their friend can walk & talk unassisted
This video was awesome. Thanks for doing this. I would love to see you do this again during an average non holiday week. I’ve been driving for Uber for about 3 months now and I’m using my own vehicle. The fuel cost is significant. The wear and tear and mileage on my personal vehicle is also a major concern. I’ve been considering this Tesla rental option for those reasons, but I live in a slower market than you do and I have a regular day job 5 days a week. I drive on nights and weekends. However, I still come pretty close to matching your hours. But the big wildcard for me is what would your numbers have looked like if it wasn’t Halloween weekend? I’d love to see you do this again on a regular week. Thanks again. I do video production as well. I know it’s not easy to create such quality content and drive and keep up with other side hustles. You’re a machine bro. It’s greatly appreciated.
It's more than just the wear and tear on the vehicle. The extra miles depreciates the value of your car significantly. You might be losing an extra $1K a year just on depreciation costs.
I compared what I would be paying in gas vs what I pay to charge the Tesla. The Tesla costs about .05 cents per mile. The gas would be about .15 cents per mile. I drive about 5000 miles a month. So with Tesla, I paid $295 for charging. If that were gas, I'd pay about $800. The fuel cost alone would make driving for Uber unsustainable.
To answer your question on why a person with a professional vehicle doing rideshare would take advantage of the hertz EV rental, well for me has everything to do with their market. For me I work ridershare in Southern CA were at one point gas was over $6.99 a gallon and I was spending on average $80 a day if I worked 5 days a week I was spending between $380-$450 a week on gas and that was not including insurance and maintenance, so I was considering renting an EV through Uber/ Hertz for a while now, thank you for the video it did definitely help provide me with some clarity on not only the cost but Tesla as well since I have no experience with EV and I am going to check put your brother's vid on that too. However since gas prices have started to come down a bit I think I will wait on renting an EV but definitely thank you for the video, I greatly appreciated it
Also just drive by neighborhood Tesla Superchargers to see how busy the place gets. If Superchargers are already being used, your total charge time can be 100 minutes: 50 for the guy before you, and 50 for you to fully charge. That's 1 hour and 40 minutes. If you can always find an unoccupied supercharger when you normally put gas into your gasoline car, renting EV might work for you. You just need to start your day about an hour earlier and do other things during charging. And about the fuel cost for working 5 days in SoCal,...... I drive a lot and I fill up my car every morning. In my case (Hyundai Elantra), the gas cost ranges from $40~under $60, so let's say $50 for rough estimation. ($50 x 5 = $250) According to this video, Tesla charging cost is slightly over $15, so let's say $16 in Pittsburg. ($16 x 5 = $80) So apparently the difference $170 is money that could be saved. But it costs $100 more per week to rent Tesla from Hertz instead of renting gasoline car. So the real fuel saving is $70. But if I had NOT spent 50+ minutes everyday for 5 days (=250+ minutes) at the supercharger, can I make more than $70 during that 4 hours and 10 minutes working with gasoline car? I think so. So I'm not ready for EV until I have my own charging system installed in my garage. (Nah~, it's too expensive. It will never happen. 😀)
Im on week 2 of the tesla rental here in Los Angeles im doing it full time hitting 10 or 12 hours a day . Since I already own a tesla im used to the charging down time and is also my breaks . Without getting into any crazy numbers to scare you away from electric cars Here in Los Angeles it’s worth doing it. 435 a week for a standard range model 3 including a protection plan plus around 240$ for charging in 7 days . Last week I ended with 2260k$ on the app and 238$ cash tips mostly from LAX early morning trips.
@@dailydrivenH2 HI, I don't own a Tesla, so I'm just curious. If you spent $240 for charging for 7 days. (Assuming you take no day-off) Is it okay to assume that to fully charge Tesla it costs $34.28 in LA area? ( $240/7days = $34.285/day) Also, since you're a Tesla owner, do you charge mostly from home overnight?
@@temuzin99 i switch back and forward sometimes i use the home charger but only if im really tired and dont want to go down the street to the supercharger. Keep in mind that im using the short range rental now after doing it for almost 2 weeks i had learned that the llng range will work out Alot better so in a week ill be looking forward to switching to a long range and in a 2 month period ill be getting another tesla (my own) just to do uber .
Love the video! You're turning me from a Door Dasher into a Uber X driver! I've noticed 4th of July, Christmas and Thanksgiving are huge too! Also St. Patrick's day.
I also used to do DoorDash and Uber eats. It’s a pain in the butt compared to just doing normal Uber passengers. It’s so much easier just to pick up a person and drop them off somewhere. No looking for parking, no, waiting in some restaurant, no hassle with food and drinks in you car, no having to walk up to flights of stairs in an apartment complex or god forbid a public school. Oh, I forgot about the hospitals lol. Anyway, the regular Uber diving with passengers his way easier and I make more. And I have met a lot of interesting people.
Get you a Toyota corolla. Put $35 in the tank. That will bring u back anywhere from 2-350. For the day if u drive 8-12 hrs. Depends on boost and surge charges. Plus the Toyota is very low maintenance.
@@Mangust2 it might but probably not as uber probably doesn’t want to insure it. (When you’re driving with Uber you have insurance through them) so I don’t think it would. And it would probably dem you a loss because of the maintenance and gas
Soo I'm renting a Tesla next week and this is what sold me. Now I'm not a lawyer or CPA BUT from my research you can write off the cost of the rental as a business expense vs when you own the car you have depreciation and the maintenance
Thanks for the vid, Mike! I realize Uber was a day late in allowing you to select the Tesla as your vehicle, but aren't there additional ride tiers you can accept with a Tesla vs your Passat? That would, IMO, be the only reason a premium rental (esp an EV for the Green riders) would be worth it. I've driven in LA, Las Vegas, Phoenix, Chicago, and Charleston, SC and higher ride tiers that Teslas would qualify for were available in all of those markets--I can't imagine this wouldn't be offered in an area like Pittsburgh. What am I missing? The EV bonus helps a tad, but overall, the real benefit should come from higher paying ride types. Also, if you had "cheated" and used your free access to charging, that would've been another ~$51 in your pocket, but I do appreciate that you left it out to even the playing field for this experiment. Also, I noted this in response to another commenter, but you can't deduct mileage (or any operating costs) for an asset you do not own.
You can deduct weekly rental cost from your taxes, but I think as someone who owns their car to drive uber, I'd rather have a $300/month payment and maintenance rather than starting $350 in the hole each week.
My husband and I each do food delivery in our 2018 model 3s. We are considering adding ride share to hopefully raise our hourly average. I'd love to hear the more realistic numbers of earnings during non holiday weeks. I'd really like to find a way to justify the higher payment if I go through with my model Y order.
@@YourDriverMike I would like to see that also. My car became disabled and I sorely miss my side gig. I was only doing food delivery as well, and with Uber rideshare I will have to get used to taking passengers, does it generate more income? or is it because of the Quests? Well my fear is if I would even earn enough to cover the rental! Here it's not $230 as you quoted for the low end one. The Chevy Malibu is $275. Look forward to your input on this. Also concerned about the additional insurance fees and the deductible, and if you're covered when not using the app.
@@toatsvcs2962 do it I’ve done over 10k Ubereats order since 2020 I still do it but now I added airport reservations I get those and I make anywhere from 1850-2000 weekly in Austin Texas and I don’t even do more than 100 trips, usually 25 will be Ubereats
I drove for Lift for 2 weeks in 2018, I discovered after the fact that a customer had burned a hole in my back seat putting out a cigarette. Fortunately, it is an older car that I own. If it had been a Tesla rental the damage could have been hundreds of dollars to replace the seat. I'm currently driving part-time temporary for Uber Eats, the pay is low after I deduct fuel and wear and tear on my car.
Considering you, or regular people in the world, interact with complete strangers everyday (you were born alone by the way) and get to know them in certain instances, i dont see the big deal? Your 1st day of any job you spend 8 complete hours with strangers. You go to the grocery store you surround yourself for up to 30 minutes by complete strangers. You go to the gym, you workout around complete stranger for maybe hours. You go out with yo sig other or family to movies etc you now put you and loved ones around complete strangers for any amount of time. Whats scares you so much about “strangers”??
@@dussemccussay3995 that’s completely different. I’m not scared of strangers but the fact you mentioned all that about them at the gym, movies etc… is completely different. For one I can remove myself from the danger of need be. Once they’re in your car. You can’t do much of anything
Im on week 2 of the rental here in Los Angeles and if you WORK HARD its worth getting it .here hertz added the car the day I went to get it and from day one i was getting comfort and comfort electric requests . Buying your own makes sense of your going to focus on uber full time .
Well said, yes by the math the more hours equals a better margin (assuming you're hitting a good hourly). And agreed buying one just makes more sense at that point but there's still wear but I'd feel better vs gas in my opinion (tires/brakes) vs oil transmission etc. Even brake maintenance would be a lot less because of one pedal driving
I mean rebtal vs buying one is almost the same bc you are going to trash the tesla en 1-2years depreciation and you are going to lose the warranty while the rental you dont need to worry about it and care too much you are going to own one
Rental is the way to go if you work more than 50 hours. Andnif you work 70 hours a week youll be putting 60-80K miles a year. At that point there's no question the rental is worth it.
@@777_Logistics agreed ,the depreciation on your own vehicle it's tremendous, 60k a Year it's a lot, rental it's the way to go if you are working full-time...
That’s not the realistic numbers, You make all that money because the Holiday weekend and the extra bonus you get, but normal you make 20 bucks the hour. It’s line 60 cents the mile. If you are lucky, that’s why Uber it’s losing a lot of drivers. But nice video ❤
I just returned my Tesla after 2 plus months. Uber is paying less and less (probably 30%) in my area especially but not only long rides. Bonuses, quest and surge have been lowered dramatically too! I get very few comfort, green or premier rides (85% to 90% UBER X!) . And when I do get Comfort rides these often on pay a couple dollars more. I was spending 10 hours per week extra just to charge. It is more difficult to get into and out of the model 3 than most cars. It is also harder to see the blind spot and behind the car when driving. And I have said nothing about the cost of the car. You have to work 20 to 25 hours each week just to pay the weekly cost of a Long Range model for $450 (not counting charge time). I took home much more money with my Kia Forte than this Tesla. Tesla is a nice car but not worth it at this price. If you want to drive state of the art car and you are willing to drive 14 hours a day to get your 12 hours of drive time and you do this for 7 days a week then it would make perfect sense. That is if the base fares and bonuses are returned to fair ranges.
This is very true sadly. I rented a Tesla and thought because it was a premium car and it also qualified for "Comfort rides" that I'd be paid more. But nope, only thing that was paid forward was "You have a nice car"😁
Thanks If ever I was tempted to rent the Tesla instead of using my hybrid, these comments set me straight. Thank you for the realistic perspective that most of us will actually face.
You should review the amount of miles you drove the Tesla that week and then calculate number of gallons it would have been of gas fuel then calculated the cost of that fuel and then seen what you would’ve made hourly
I actually saw a comment by Mike from like 2 months ago saying he was planning to basically recreate the week in his Passat so he could make the comparison y'all are talking about
You’re making all the common Tesla renter mistakes. Precondition the battery to save time and money changing. Don’t bother changing to 100%, costs more and takes longer. (Price goes up after 80%) You’re using at slow charger (slow for Tesla) you can charge a lot faster for the same price. Bonus tip, when you shut down for the night let the battery rest between 20-30% or 80-90%. This gives you a better estimate of available range. The actual range doesn’t change, the estimate just starts erroring to shorter. On the whole I don’t recommend renting, it costs double to rent than buy
I use my Model 3 for Uber, I'll make $50 per day on my way home after work and some Friday/Saturday nights. There I'll do about $200-$300 per night. Things I won't do anymore, is returning items left in my car. People won't tip extra for returning the items. Example: passport, wallets, high heels, etc.
I drove the Tesla in the summer for 3 months. At first it’s nice but after a couple of weeks the Tesla just gets super annoying. Charging none stop and teslas are super cheaply made. They start breaking and hertz sucks at taking care of drivers. You’ll have a headache with hertz Tesla.
You forgot to mention damage to that car. Anything is possible . Do you think the rental company is going to say its ok? If a rock dents thefront end? Or cracks a window? Or if you hit a bag of garbage on the freeway? I think not they will want the 2;500 deductable.
@@Striker50_ Just pay for the insurance offered by the rental company, never use your personal insurance to cover a rental. Car rental companies will go after you for lost revenue if the car is in the for shop for repair.
For a quick buck, sure. But the costs of rental are far higher than if there was a monthly car payment. The rental payment is at a retail cost vs loan rate for a person vehicle.
If you decide to do that with your personal Tesla or any EV, supercharge them only if you really need it, saves money and battery health. If you often supercharge, but I'm talking like min 2 times a day, it can lead to cell imbalance so battery is practically toast. Some models can be fixed for less than 7k$ at third party, but some require full swap at Tesla for 20k$. It all depends on what model you have. Model also depends on what chemistry battery you are running and some chemistries hate being charged to 100%, but some aren't affected at all, so do some research for your specific Tesla.
Its dependant. My wife has done this for about 8 months and its ups and downs. They wont let us both split it so we have rented two during busy seasons but overall that wasnt as time effective of affordable.
I rent a Tesla. I don't have a personal vehicle. If you already have a personal vehicle it may not qualify for the comfort or premier level rides. Those rides pay more and make a difference in your income level if you are using it for rides. I would not use it for food delivery. The Tesla is also very comfortable to drive for an extended number of hours.
They need to be sending you some massive quest/promo to make up for the Rental cost tbh, not just 20 bucks lol kinda insulting and it only worked great because Halloween weekend basically our best/second best Holiday unless they send you that 100 bonus every week plus the 20, plus the extra 1 a trip..then that's actually pretty good. Thanks for showing us though that's pretty awesome ride, I hope to get one one day.
This was super helpful and informational video, so thank you 👍🏼 one other thing to consider is your were using your own vehicle , would have been FUEL COST vs. Charging ... even if you have the fuel sipping 1.8T or 2.0T 4cyl in the Passat , you'd probably be looking at about $30-50 per day in fuel - x6 days your almost approaching the rental cost of the Tesla - at least what the offer is here in Southern CA - i just recieved today and it was $334 for the week , plus incentives to get it down to $274 - [im guessing green credits or the ev kickback?] Regardless ill need to do some math is my own in comparison vs. My own Audi A4 allroad ... this was an inspiring video!! ✌️✌️✌️
I think in the long run it’s probably better if you’re doing it more full time to rent the car. Mainly so that you’re not rapidly devaluing your own car as well. It’s been 7 months since your comment so I’m curious. Have you found it worth it to rent a Tesla for Uber?
Also holiday weekend or not uberx is always busy.. especially during the week.. there is no break lunch dinner bs.. just thousands of people who need rides everyday all day
Hi Mike I’m a new subscriber , thanks for sharing your stories. I found a lot of them helpful. I rent a Tesla from hertz, and I find that renting the Tesla works for me. I have a Mini Cooper countryman and the gas prices and maintenance is quite costly. With the Tesla you have no maintenance issues and I’d rather pay 55-$70 in charging fees a week than $450 in gas a week, plus maintenance on my Mini Cooper. I charge at of peak hours in Michigan right now it’s $.19 kWh which is equivalent to around $1.23 a gallon for gas. (I hope I explained that correctly) It’s well worth it to me. Especially if you’re cashing out $1400 or more a week. 💰 Ching Ching $$$ Everybody’s happy!!😊
Hi I'm from Michigan as well can I rent the Tesla for multiple weeks and I hear I can't write off the mileage because Hertz rental writes that off their vehicle?
@@Funnycreators11 I was wondering this too as my current uber eats car is too old for passengers and I was considering trying out a rental for a few weeks to see if I would like it better. I found a video from Intuit talking about uber/lyft tax deductions, it said if you go the mileage route you can write off the mileage on the vehicle you own, but if you rent one you can write off the actual rental costs and gas purchases for said rental instead of mileage as well as any tolls/parking etc associated within your use for work since the rental company owns the vehicle so they most like claim those deductions towards depreciation every year.
Really appreciate your content it helps people get an idea on not only the driving experience with uber but ways to improve it and additional advice to make it easier on you
It took Uber 3 Months to add my 2023 Elantra hybrid (yes, newer than the year we are currently in). I called support weekly & finally after I made a complaint via email; did it finally get added. Note: my complaint told Uber I was hired by Lyft & started working for them in the time it took Uber to get my profile updated. 😮 I also told pd Uber I had no interest in working for other ride share apps until they forced me to look into it. Wonder if they’ll keep making these dumb mistakes.
Hello Mike, you actually worked a lot more than 29 hours uber don't counte the time going to pick up a raider they only count the time after you pick up the raider in your vehicle .
Can’t finance another car due to driving full time for Uber. My 2009 HHR is spent. Trying Tesla for one week and I hope it works. Thanks for great video.
If you did the charging at home dropping the Charging expense to like $3-$4 dollars. The Rentals if you do enough of them can be A complete tax right off (unless they changed the rules on that completely). I see a lot of bonus for doing this if you do everything just right.
When calculating pro and con of driving ev, you have to consider the down time while charging. Every time you have to stop to charge, you are losing at least 30 minutes to 1 hour of revenue.
You paid $51.86 for charging costs. I can do the 469 business miles on one tank (10 Gal) with my Prius. So I would pay about $36 in fuel costs. I never even considered the charging costs. I wonder how steep the electric cost would be if the EV owner had the charging set up in their garage. (Plus the initial costs of the charger and install)? Great video as always.
I charge my Model 3 (LFP battery) daily.. in the app it says it costs me between $1-3 per night (super off peak hours). in a month my electrical bill went up by $30-40 which is not bad at all.
If you buy a 10/30 conector that goes to your dryer and the output is a 14/50 you can do a full charge using 236 v 32 amp that will be 5 hours to a complete charge from 8% to 95%. Remember to do 100% on a lithium battery everyday is not good if the car is yours
To fully recharge a Tesla Model 3 long range from 0 to 100% at home is about $10 with average electric rates. This is about half the cost of the Prius.
Today I drove in Orlando Fl 2hrs in UBER 4 trips $43.14 $21.57/Hour and 4.5 Hrs in Lyft 11 trips for $97.58 leaving at $21.68/Hrs, if you subtract operating costs it is not enough to even maintain your own car less rent a Tesla you have to fully charge them 2 times a day
It is not a set hourly income. It is a unique type of work that requires more strategic applying and much more work to be lucrative. The little rides you are going off of at random time periods isn’t nearly enough. This video literally broke down a personal 30 hrs to the T and still came out $32/hr even after what would be a $1800/m operating cost. (Electric + maintenance). Teslas have regenerative breaking , and in metro cities , you can easily go 5+ hours on a single charge. So your statement of having to charge 2x a day is incorrect. If you have the opportunity to drive full time for a week and rent a Tesla, I bet you will not regret the lucrative experience in Orlando. Preferably during a major event week.
Thing is you never run more than 300 miles a day, ex. the average in Los Angeles is 12-15 miles per hour during an 8 hr shift plus the drive home. So best option, drive, take a break while charging to 80%-90%, then do the 2nd half of the shift, then home.
Yeah I would like to see what you'd make on a regular week with no holiday envoled because that would be more accurate and normal for a average week day
@@YourDriverMike That would be great. One regular week with the Passat and one regular week with the tesla. Do you know if you were being paid for Comfort or Luxury with the Tesla??
Honestly you have to be making 30 to 35 dollars an hour to make any profit. Or 350 a day. That mean you have to work 60 to 70 hours a week. Also depending on location. You may close profit margin in less hours. It's not impossible but it's very competitive out there. 😭
At 10:10 you said stackable bonus for Uberx and UE are same thing. Nope! UberX gets far more bonuses and incentives than UE. Would like to see you do this again on a random normal week.
Thanks Dior, I remember hearing that before that there are different offerings. For example Boost+ was for rideshare only. Also if you toggle preferences to rideshare only sometimes the surge changes I believe
If you happen to trigger the ezpass transponder on 'conveniently' provided on the windshield, you will be hit with a surprise $129 access fee. Also, Hertz uses a 3rd party to bill supercharging and you will pay 4X the normal rates. Beware.
As someone who doesn't have a car, needs some extra money, and Christmas is coming up, VERY worth it to me. I have a vehicle reserved for next week. Thanks for this video.
Only worth it if you're working more than 50 hours a week and work weekend nights and events. Is around $428 for the rental with taxes and another $150-$200 for the superchargers so around $600 total. If you're working 6 days a week your first $100 of each day is going straight to Hertz. And $85 is working 7 days. You have to hustle in it. If you work part time then mostly everything is going to Hertz.
@Janiece Jae Lemme tellllll you! Hertz on essington Av, in Philadelphia, is the worst rental experience you can, experience. I never got a call, but they gave away "my car". Had no cars period for me to drive the Christmas/new year holiday, ended up going to my partners family house for dinner instead 😒
We don't get boost bonus or w/e here in my part of Iowa. No quests. No price displayed before accepting a rider. Probably only going to do uberx another month will be done with it as soon as I land some deals with my business.
$32.19/hr with no vehicle maintenance costs? Thats phenominal. You drive that car, and never have to pay to get it repaired. Never pay for new tires, dont add miles to your personal vehicle. Suspension gets damaged over time due to the roads? Not your problem. Your points on driving your personal vehicle are truly off point dude. The rental deal is absolutely stellar. Plus those costs get further off set the more hours you drive. You would have been doing even better than $32.19 had you driven for say 30 hours, because the rental cost is a constant. Plus you get better riders, and better rider behavior because your car is 'cool.'
I rather pay a car note and use my own car ...write stuff off along the way ...i only do uber eats and average 60 bucks a day without even trying. Be safe my friend
This is very useful information and I thank you for it, been thinking myself to rent a Tesla but so far all the math I made and testimonials like yours tells me it is not worth it. I can make the same net worth by combining Amazon Flex with Food delivery using my own car. I found not good that Uber pays you Uber X mile price even if you driving a Tesla, should be more.
Great Video!!!! The key for me is to do this & leverage its use with someone else in your household if possible 🤔... My wife now who has become uncomfortable driving will spend $50pd on uber rides back & forth for work.. Me doing Ubereats runs & taking her to work is killing our personal car so this option between the both of us will bring piece of mind & $$$
i own a tesla model 3 2021 and its the greatest car ive ever owned. people gotta do research before making bad opinions on the car from just seeing it online and not actually owning one/driving in one.
The car I drive for Uber Eats cannot be used for Uber. It would 100% be worth it for me to do a rental if I qualified for Uber. Uber in my area is _huge._ I live in a tourism-centric city, and a lot of people have to take Ubers, either to or from the airport or to and from work, especially since the bus system here is a _disaster._ It was only a few months ago when I was taking Ubers to and from work every day.
Honestly Mike, I prefer cars that take gas and not electrical cars. I’m just not with the whole 🔋 charging my car when I wanna be out and about once the gas is in my car. I think in the near future if we don’t have no choice but to drive these type of cars, I’ll adapt to it but till than I’m gonna enjoy driving my Honda and Toyota. Plus, I don’t like too much technology in my car because it takes the fun out of driving and I didn’t come up that way to depend so much on tech with only having good instincts and judgement.
Shouldn't charge to 100% each time, only chagring up to 90% will shave off 20 minutes off that 40 minute charge if not more. 100% is only recommended in the rare cases you need full range, and it is extremely slow.
I am driving Model Y for Uber, but never check in UberX, only Comfort/Comfort Electric or most lowest is Uber Green. I don’t think UnberX rider will take care of my Tesla or behaved. 90 of comfort rider are business person or better educated, they are more behaved. I am using own Tesla for uber, renting Tesla foe Uber is definitely not worth it, paying 300+ to rental why don’t get your own? specially Tesla, you won’t regret to own it, you will be sad when return your car.
@@actright317 yeah if you have the rental you gotta be making $300+ a day absolutely. I try to make 250-300 a day with my paid for hybrid. And really that's not a lotta money even if you drive 6-7 days a week. I wanna make $10k a month so I'm starting turo. Got three cars now for the fleet 👌
@@actright317 you can do it! I paid off all my $15k in credit card debt, got out from an underwater car loan, bought a 2013 ford fusion hybrid with cash and saved up about $30k in just one year doing rideshare. I now have two cash cars and soon gonna have a 2019 Lincoln MKC for turo. You got this. I'm nobody special either. If I can do it anyone can.
@@AustinRides7264 that's what I like to hear man I'm working towards it.. I'm currently paying off my credit card debt as well.. only a little more to go.. credit is building back fast.. so it's just a matter of time
Very few people talk about traffic tickets, lol 😂 when you push for those hours sooner or later you will have 250 dollars tickets and waste all your rental and time in traffic school and increasing insurance 😂😂😂
I thought it was only me that was hearing a creaky/rattle noise in the Tesla that I rented. For a 2022 car, I was confused on how the build quality was already deteriorating like that🤷🏽♂️
You have to factor in the desire for people to want to get in a Tesla. The majority of people who need rides may not care about riding in a Tesla. Also, the $455 that you had to pay for the rental for a week. Its an awesome 🚗. Hopefully, Uber reimbursed you for the first one or two days that the App hadn't updated yet. Awesome 👍🏽😀.
Well they better understand one thing. Beggars can't be choosy. Even though it ain't necessarily begging. A person just got off at 2 in the morning I got the call and rushed over there and they're doing I'm not getting a car because it's not the kind of car they want to be in because they believed wholeheartedly and oil? Whatever. I'm glad these people one around when they went from horse and buggy to car.
This makes me nostalgic for the good old days when Uber actually had surges that were profitable. They have eliminated the dollar surge in Cincinnati as of Nov 2023, so now it’s just a colorful map with no description of what the dollar surge is, just some little graphic ghat says there is a surge.
You made a good calculation of everything, but you missed that not every day is Halloween :). The loss from renting a car according to your calculation is about $21,000 per year. For this money, you would buy your own new car. Which you pay off for this one year. Of course it won't be a Tesla for that money. Over the next few years after you pay off the car that $21,000 a year will be rolling into your wallet. Renting a car is an absolute waste of money. A Nissan Versa with 40 mpg will use 11 gallons for the miles you drive this week. And the car costs only $15,000. If it's for this business that's the way to make money. Of course this job is not for me. I prefer to deliver freight with my semi truck. If you enjoy driving you can drive your own truck and you can make from $700 to $1500 a day depending on the trip. I would be glad if this helps someone.
Thanks for the Video, very well done. Here's my take from the L.A. Market after 3 months (Sep-Oct-Nov) in a Tesla 3 Regular from Hertz. Basic numbers: Weekly all inclusive cost was $575. I opted for the Loss Dmg Wvr insurance which was an extra $9.42 per day. I noticed this was not charged on your receipt. READ ALL OF THE FINE PRINT IN YOUR HERTZ RENTAL AGREEMENT TO AVOID SUPRISE CHARGES: Such as a sudden $75 charge for Hertz just to pass on your very minor toll charges. Hertz will charge you a $26 convenience fee to add your minor toll charges to your bill. Very convenient FOR THEM! The salesperson will not bring this "hidden" charge to your attention. I then added the Tesla 3 license plate to my Expresslanes Fastrak account which I already have. And made sure that the toll sensors read my personal transponder. To eliminate this 'hidden' charge. I made $1342 during the Halloween week, 7 days. Did 63 rides. 44 hours online. $30.50 per hour. In an extremely busy market (L.A. is super busy even during regular weeks). And I am extremely picking on choosing rides. After 20,000 UBERX rides since 2013, I do not pick up at bars and restaurants. I don't need drunk throw-ups and/or rude disturbing passengers that I have to kick out. During my 3 months in the Tesla, I had 2 kick-outs! Two very rude and insulting passengers (one male, one female) that should never be allowed to use UBER rideshare again. And I emailed UBER to let them know about it. I concentrate on travelers from the airports, the Greyhound station, the Metro stations, the Union Station train and bus depot. Plus I work from 9PM to 6AM, taking people to work and school in the early AM. The demand is overwhelming/non-stop in Los Angeles. Another Hertz policy is to only charge the Tesla 3 to 90%. To preserve the regenerative power to the battery from the brakes. Although the newer Tesla 3s with an updated battery construction can be charged to the full 100%. There are some very busy super charger stations in L.A. that notify the driver to only charge to 80% to keep the line of Teslas moving. And there will be short lines at times. West Hollywood station is an example. My charging cost as a full time driver was about $100 per week. My charging strategy was to charge when I hit 100 miles available. 50 miles available is too low. Keep as close to the max 238 as possible. To avoid range anxiety. While my gas cost in my rented 2012 Prius V for the first six months of 2022 was closer to $300 per week, in super expensive $6+/gallon gas L.A. Which is why I switched to the Tesla to discover if there was any savings. A couple if items about the Tesla 3: It does not have a spare tire. If you get a flat tire, your night is over. I got a nail in my rear tire on the freeway during my second week. I called Hertz for road side service. First they sent me some amateur roadside service APP guy who thought all he had to do was change a tire. He did not know that a Tesla 3 does not have a spare. That cost me two hours of wait time. Then the second tow truck had to be a FLATBED. Tesla warns not to use a hook up tow because it can damage the rear axle/drivetrain. It took a total of 4 hours to tow the Tesla to the Hertz office 5 miles away. The trunks are small. The rear trunk is deep but flat. You can not tip up a large suitcase as is possible in a Prius. So, only two hard suitcases can fit side by side. The FRUNK (front truck) can only fit a small soft bag. It cannot handle a hard suitcase due to the rounded shape. The experience of driving the Tesla 3 is excellent. The seats are very comfortable and heated! People really liked that. It has super surge power on the freeways, hills, canyons, etc. There is no lack of power. The ride can be a little bumpy with 18" wheels. (I had one complaint on L.A.'s terrible freeways). Although the 19" wheels can soften that. I rented 4 different Tesla 3s over 3 months and two had 18" wheels, two had 19" wheels. Finally: Fulltime drivers need to earn a minimum gross of $1200 per week to make renting this Tesla 3 worthwhile. It's not really for 20 hour part-timers. -----Cheers. LADRIVER.
Your comments here are more informative than his video. However, I find your earnings askew. You said you made $1342 minus $575 rental equals $767 divided by 44 hours equals $17. 43 an hour according to my math. That's not good.
Try this again on a normal week of the year and you will make $20 per hour and that doesn't account for taxes you will be paying at end of year. After taxes you will be making $15 an hour to risk your life and increase chances of getting sick, increase chances of getting into accident, increase chances of getting pulled over and getting ticketed. Ask me if it's worth it, I'd say HELL NO!!
I mean all that is true but you just gotta be calculated and use it as a stepping stone while keeping your flexibility once you lose your thinking time you lose step 3 you want to get it to where you don’t have to work at all. the formula is 5x what you spend on gas is what you will make at the current rate and 2miles/1$ So to make 100$ you drive 200 miles 50$ after tax is 7.25 an hour 100$ after tax is 15$ an hour 150$ is 22.50 an hour 200$ is 30$ an hour By doing 100 in the morning for 4-5 hours and 100 in the evening for 4 to 5 hours you can achieve 30 an hour 7 days a week bumps it up to 35 if averaging the 56 hours back into 40. You buy your own car to reduce the rental cost 4x and then that saves you 7.25 an hour or 300 a week. You take deductions on mileage gas matience and rental if your dumb enough to keep that long enough to matter and it increases your hourly a bit because hourly minus taxes is your truely hourly which is .80 in Texas but with deductions it’s like .95 cause it helps a lot so your true hourly stays higher. Take days off whenever you don’t feel good, or just cause you want to. I hate the mileage reduction to but always try to use things as stepping stones and have self control over your life/
You'd just be masking your cost. Someone has to pay for the car, either you pay it and you can't write off the depreciation on your car, or you include the purchase cost to get the deduction on your taxes.
@@linusa2996 Agreed. Prices are moving downward quickly. In a few years maybe a used battery pack out of a salvaged Tesla is down to only a few thousand dollars. Tesla is a very nice personal car but my experience is that it wasn't practical for serious Uber driving. :-)
did you take the additional $50 insurance you showed offered in the first video, and what does that cover (whether you took it or not) does that wave the $1000 deductible? Also did you add your insurance onto the vehicle to cover you during personal time (when not logged into the app)
I did not opt for the additional coverage, the Hertz rep said it covered cracked windshields and tries and possibly a few other cosmetic things. I did not add any personal coverage to this vehicle as I kept all driving for business purposes.
Here’s the thing. You don’t need to add the other insurance for “personal use” it’s already included for personal use as Uber states in the pre agreement .
