⚡Missed week 1? Check it out here: kzfaq.info/get/bejne/pst_ldV_r5vPoas.html&t

I've been renting for 8 months. Monthly cost total including charging was 2100 dollars but i was pulling almost 8k. You gotta get out and work. Thinking about the 60 something dollars youre losing a day is a negative mindset. Charge is only 15 a day for me. You have a tesla 2021-2022 tesla model 3 so you can charge to 100% of the usable battery. I was making 250 to 350 a day. Takes 30min to charge per day, I clean the car in and out during that time. I was almost making 2k a week. You gotta optimize your tip potential by having clean car, being personable, offering small bottled water, driving safe, etc. I drive about 40 hours a week. Hope this information helps someone trying to decide.

Fascinating commentary. I too did Uber in 2015/2016 so I was surprised by the changes for drivers. Definitely agree that it makes more sense to have your own vehicle. I actually bought a vehicle and did Uber on the side on nights and the weekend and paid most of it off in around 8 months. Still driving it today. What people don't understand about gig work is that it's not the same as going to the office. You actually have to hustle ALL THE TIME or it's just not worth your time being out. Would I ever go back and do it again? Hell no!

I quit driving all together because of the stress of passengers changing drop off locations where I ended up driving dead miles and with the price of gas here in California it's just not worth it anymore.

It takes about 20-22 hrs to satisfy the rental plus gas… in a non-EV I worked my butt off 2.5 weeks while I was getting my engine replaced but it saved me from losing my apartment. Stressed tired and I was under the weather…. If you are in a tight situation, you have to do what it takes to get yourself from falling in a deep hole or getting out of one.. the pay was even lower than it ever has in 6 yrs I was driving. At 57 yrs old it confirmed I am still able to step up and make things happen in a down economy.. However, I’m applying for a full time job with benefits and set hours. No health insurance so I must pay 3k in fines… Oil changes every 30 days, 80.00 car washes 2-3 times per week. Gas average Is $30-35 per day. Working 7 days. Sleep pattern is all over the place. Moody, stress sleepy so I have to take car naps risky & dangerous…traffic slow downs all day long in Dallas now Time to work full time with unlimited overtime. Gross about $1000- $1300 55-60 online hours. You can’t put away 20% for car repairs services. Write offs only pays part of the taxes.. Riders won’t let you listen to music or talk shows with ear buds.. they constantly looking at your phone reading your text messages. They do not need to look at my phone when they have the same They get to distract you… and text you when you go to pick them up. Calling you while you are in route to pick them up putting you at risk…but Don’t dare touch your phone to accept rider request. Some act as though you should give them VIP Ted carpet treatment. Don’t tip unless their job pays h for it. Too cheap to get luxury professional drivers. It’s more strict than working 9-5 job. This job is for quick money, after work or school pocket change. Moms that children are in school but highly would not recommend kids or females and feminine men to do rideshare. Very dangerous, crime is worse than ever and everyone is speeding cutting you off.. uber monitors even non- working hours. “Are you speeding “ mall roads and on- off exit ramps.. no rider in car. It’s like big brother.

You should've calculated your gas costs with a regular gas car into the equation to see if the Tesla makes sense. That would affect someone's overall profit.

I've been driving for them for 5 years in Newcastle upon Tyne England, it's absolutely crap money, but I like the freedom

Appreciate the work you put into this video! Thank you!

One guy here in Fort Wayne is retired and only rents a Tesla and works just enough to make the payment and a little more if he wants. He just wants a Tesla and to be able to send it back and get another one if it’s broke.

The Difference is with a Tesla that you forgot to mention is that there is no maintenance on it which means no oil change and breaks every couple months compared to your personal car. I use to spend 1200 in gas a month on my ford explorer the payment and monthly oils changes and brakes everyear come out to about the same monthly costs. But because it's a tesla people like it more and give you more tips( this is a faxt for me) and not to mention sometimes you get premier and comfort calls which make a little more money. I also use the tesla for my daily commute so I save $20 on gas five days a weeks which is extra money in my pockets

Fake story. Uber does not allow drivers to drive more than 12 hours, and 6 hours of offline rest. So the most time a driver can drive is 18 hours in a 24 hour period.

Since the first day I watch your videos, I call you my mentor, thanks bro for all the tips, right now I am having issues with my background check uber keeps rejecting my past driver license for reference also I try rejected my driving record too which is weird.

I tried to do this myself over this past summer when my vehicle was in shop for repair but all of my local hertz locations openly refused to rent my any vehicle for Uber purposes

In Philadelphia we get the option to drive Premier or Uber black rides using the model 3 Tesla ran it through hertz. That by itself is a huge incentive, but I know in neighboring counties and states they're only offered Uber Comfort rides which don't pay nearly half the amount. Plus driving a Tesla is freaking awesome!

Yes! I’ve been waiting for this VId, can’t wait to watch 😮

How many of your rides were X, Comfort, or Premium? The Tesla allows for multiple levels versus regular gas vehicles from Hertz except Camry which allows Comfort.

My walmart spark incentives are crazy! Might only do spark for the next few days because doordash is broken right now.

As long as the rider update the destination in their app, it shouldn't have any issue! It should be a plus for you! Uber follows the driver's where abouts, never proceed to verbal destination changed. Always have the rider update any change of destination in their app!

Hey Mike, Great video. I am considering renting a Tesla thru the Uber-Hertz program. Your video was the 1st one up. Thanks for answering some of the questions I had. My personal vehicle is a 2017 Minivan. The business miles you mentioned, 318 miles, would have cost me $60 gas.

He only drove 22hours part time. Imagine if he did 40+ full time since he’s using a Hertz vehicle. That would be ideal and he’d have made a lot more which would make it worth it. That’s just my opinion. I feel it’s worth it if you do it full time because he’d have doubled that amount if not more making it worth it. Again, just my opinion 🤷🏾‍♂️

Do you get uber comfort request or uber premier? I do and they are bangers!!! Haha awesome video Mike!!! ❤

I have a Tesla, and I tried Uber/Lyft for a bit. The car got good reviews from the passengers, but I simply hate transporting passengers because they want me to break all sorts of rush-hour/bus lane rules for their convenience. I don't like doing that, so I'm back to running parcels and crap. At least parcels don't get grumpy when the operator prefers to follow the rules. I'm in Vancouver, so the fuel savings here are obscene. An EV definitely makes sense in this market. Tomorrow is the five-year anniversary of my switch to EVs; so far, I've been given no reason to regret that decision. My fuel savings so far are close to $30k CAD. I've saved on maintenance too, but I pay more for insurance, so those two cancel each other out.

you are missing the fact that is your personal vehicle is not an EV you would also incur in gas expenses. At the end of the day its close, BUT in my experience, one comes on top with the rental tesla !!!

I’m a 5 star rider. riding Uber at least 50 times in past 3 years. Just bring me where the app says dawg

Have u heard about HUM rideshare it’s gonna be big ! We will pay a subscription for the app but will take full fare for all the rides goes for the driver look in to it and make a video on it so everyone is up to date on all this new platforms ! Thx for all your videos I’m big fan 😊 👍🏼!

Nice video. I think we want to see this but instead of putting the numbers as a rental I want to see the comparison between earnings and expenses with an EV or a regular car. Just to know if is worth getting a Tesla or sticking with my car( 2020 Honda accord )

Your math is wrong. You can't take the mileage deduction on a rental car.

Bonuses huh? That’s nice. Haven’t seen a single bonus in a full year and I go through 5 hour spans without a single request in Denver

When comparing, Tesla to your own vehicle, you have too look at your personal vehicle having a cost. But you didn’t even talk about the Tesla experience at all. Most of it was about money. I find the Tesla model 3 as being to small for me to climb into, and I’m not a fan of taking normal controls and throwing them into a menu. Example when it rains the wipers turn on(awesome), but when the rain stop and the window is clean of water the wiper keeps going and in order to get it to stop you need to open a window on screen and turn it off.

Uber isn’t offering any promos smh

You seem to forget to include the fact that you get a $60 discount for doing 60+ rides. Also you havent gone over the fact of how much gas you would spend driving a gas car. Most full time drivers would break even renting a tesla after the gas savings.

I was watching another channel where they made less tips in the Tesla vs their gas car. It seems that the riders think you dont need the money if you're driving a Tesla. Most riders have no idea these are rented, they assume its the drivers actual car.

might do this sometime and work all 7 days just to joy ride a cool car I can't afford for a week

You have to drive full time plus to make it worth the cost renting any vehicle for rideshare. Good video though, I plan to do a review for driving an ev you own Vs driving one you rent.

I was against renting a tesla to do uber... but with 5 dollars in gas and the fact I dont want to use my personal vehicle for uber anymore and put wear and tear on it anymore... I feel renting a tesla will be good if you drive 60 hours a week and live in a place like Los Angeles or NYC. Its just math bruh. But... man having to worry about a weekly rental fee is annoying but at the same time its a motivater to hustle and not waste time.... eh... its better to get a used prius fam.

Here in San Antonio it’s $350+ weekly for a standard gas vehicle 😒

rental puts too much pressure to reach goals. and my area is not a big city, and if i was in a big city, too hazardous sometimes.

You should’ve talked about optimizing charging where you didn’t sit for 45 minutes on a supercharger. You should be able to sit there for like 20 minutes and then hit another one later on that’s optimal charging speed.

I dont get why drivers will invest 50k+ in cars to make $20-$25 gross an hour when you can make the same with a 10k car.

I don’t even use boost plus, it’s impossible to stay in the city long enough to enjoy it.

If the car you own is a Tesla, of course you make more cash using your POV if it happens to be a Tesla as well.

I use to rent a car to do Uber and I was always stressed out. You gotta drive like 12 hours a day and work in the morning and at night time. Since I have kids my schedule didn’t work for me and I was paying $415 a week. Just started to use my other car and did DD and Uber. Eats and make around $160 a day.

the revenue split has definitely come down from last year... that's crazy

So I know I’m super late but just came across this video as I am going to switch from renting a gas vehicle to a Tesla. My issue with the gas 2021 Nissan that I’m having is I’m spending 500+$ in gas a month sometimes more because this car says I get on average 30.06 mpg but after driving on a full tank and getting all the way down to 1 gallon left I actually average only 25-26mpg which is horrible I’ve had the car since august of 2023 since my last car was stolen twice and hasn’t been located and unfortunately ultimately paying the costs for that I’m going to switch to see the difference and see if it saves me money but your video did give me a lot of insight ❤

since uber and lyft take 50%+ comission and every expenses are covered by us, they should obligate people to tip us, that would help alot, but they dont care, our car with the time get scratches every were in the interior and they dont pay for that either.

*Let’s goooo!* ⚡️🚗

Airport rides is where the money is made and longer rides as well

Mike…you should do this again for New Years Eve and see how much you make??

Care doing a breakdown of a regular gas rental? I know tesla video would be bigger on clicks, but my car is too old for uber, so a rental might work if I have the time to use it.

The more you drive the higher average is. I dont think you would like to drive 60h a week with your personal vehicle. And if you only drive 20h than yeah, it doesn’t make sense to pay 400$ rental.

You can buy a 2018 Tesla model S 75D for under $40k. That’s the way to go. Good for Lux and black too

You talked about weekly rental as a cost, but ignored all the wear and tear + insurance premium for add't miles + gas for using your own personal car. Without doing that cost comparison of the cost per mile to drive your own personal car, you can't say net revenue maybe higher

Madison, Wisconsin, which is also a big college town, offered 40 trips to get an extra $10.

Rideshares want slaves... Not drivers.

This video really helped, I calculated my hours at 60 per week and it comes out to 1,500 a week which is the same as me paying for the gas

Thank you for the information 🙏

Hi, pls make a video on regular week so tht we get the actual differences, thanks

I just started doing uber 4 days ago have done 80 trips and have made $1400 already I live in Chicago. My buddy just bought the Tesla truck and told me a good week for him is 23-2500 and he does uber black so if I can do at least $1800-2k a week it makes sense to me to rent one

How old is this video?? I have not seen this Boost in San Diego….. do you have to be platinum or diamond for that?

It's good data, but you have to compare it to a gas vehicle and not another personal owenned telsa and you have to compare monthly and liability costs also

Can you add what you might have paid in fuel in your personal car next time?

What hours during the days were you driving have you driven in dfw any hrs recommended for peak earning that wouldn’t interfere with Instacart hours I work 3 nights a week during the weekend and struggle to even make the $360 rental payment

@Mike how do you deal with riders who change the destination mid-trip.

Do not count tips and bonuses. Tips and bonuses are not wages and are not reliable enough to plan for. They are considered other income but not wages. Therefore, subtract them from the earnings to get the real amount of compensation. Once you minus expenses, tips and bonuses from the the total earnings then you have the real number of what was earned. If the compensation without tips and bonuses is below whatever amount is needed to operate then you are out of business. Do not plan for tips and bonuses.

Do not rent a tesla to only drive 20 hrs… Tesla rental are so expensive only do it if you absolutely need a car to drive and don’t have money as a downpayment for a new one. But you will be driving for 50 hrs so it can even be worth it

You took out the Tesla bonus for ride, but not gas, or a hold back for oil changes/wear and tear.

these are 1099 pre-tax numbers correct? How does everyone handle write-offs for this to mitigate your tax overhead?

You’re literally better off buying a new Tesla to own through finance to do your ride share job, and it’d be less money than renting one.

How do you get quest bonuses? I only got it the first month I started but never again after

Can you do the same analysis of doing UBER Black and UBER XL? I would like to know if it is worth it. If you already did this analysis, then please share the link to that video. Thanks.

You drove half time not full time and thus your sample size isn't adequate to render a valid argument against renting a Tesla. Before I got pneumonia last week I made $839.32 in 3 days at 30h14 and 56 trips on Monday, Tuesday and Wednesday at having to stop because of illness...and this was my very first week doing rideshare period after doing DD and UE since last April. Had I worked the rest of the week and the weekend I estimate that I would have made 2100-2300+ and I had 9 comfort, comfort electric and green rides out of the 56.

I don't understand how you get these crazy quests and surges. My current one is 40 trips for $30. The weekend was 40 for $40. I'm so mad about my market.

But what if you subtract wear and tear/gas/maintenance on your vehicle? I saw a breakdown, and if you charge your car during breaks that you should be taking anyways, don't deduct the time it takes. Also, has is going to cost you about $100/wk easy. Then, if you have to pay a car note, subtract that. I think in the end, you deduct peace of mind off not worrying about breakdowns and other car related expenses. You make more in the short run, but the mileage alone on your car, deduct the value lost. These values are going to be different for different people. Oh, then subtract insurance. That's $180/mo easy. Of course, that's if you don't have your own car at all, and you would have to pay that extra if you got insurance. Yes, it's cheaper to buy a used Corolla for $15k and wow it is as a work vehicle, but you have to be disciplined enough to set money aside for the unexpected. For me, I have a $350/mo car note, plus $140/mo insurance. $35 gets me 450 miles if you included 60 Miles of range on the battery (I have a Chevy Volt), but now I need $2300 in repairs and the car only drives on reduced propulsion mode, and it's tricky to get it to cut on. So, I have to rent a vehicle. Truthfully, I'm only renting the Tesla to try it out. I used to drive the same hours as you, and I brought in that same amount on average. Now, I'll have to start driving 12 hour days for it to make sense, plus an extra work day. Let's call that $1200/wk to be very conservative. I'm working a full week plus overtime just to pay for the car and peace of mind. The next 3 weeks, I'm not stressing. A full week to cover rent/mortgage, a full week for extra living expenses, and a week for saving. 2 months of that, I can get my car repaired, and device if I want to buy an all electric vehicle. I'm probably going for the Hyundai Ionic 5 or 6. Maybe even a used Model X long range.

Has the IRS ever checked ride share drivers for miles driven per year ? I don't think so...so for example if you drove 10,000 miles for uber and 10,000 miles per year for personnal .. you could say you drove 15,000 miles for business and deduct >60 cents or so per miles. I can't see how the IRS could check people or. have never heard of anybody being audited for miles driven. Now if someone claims 50,000 miles per year for ride share then yes , you could be audited. ..... but never hear of any ride share people being audited... has anyone else heard this ? ?? (note I 'm not a ride share driver and pay my fair share of taxes).

The real benefit is owning a Tesla, not renting

Is your personal vehicle gas or electric? I have a 2016 Mercedes SUV and in SF and if I work 8 hours can easily spend $100 a day in gas. For a week that would be $500. Cheaper to spend $400 renting Tesla and not pay for gas or wear and tear on my car.

Is there upfront pricing for Uber in NYC

Excellent!!!

but what about Gas expenses if you used your ICE car

You'd pay the same amount in gas as you would charging if you averaged 30-35 mpg. Doesn't make sense to rent a Tesla

I do Uber for the tax write off on the mileage in my personal vehicle against my other income. Since you are renting the car do you get to write off the rental rate since the mileage isnt an option?

Do you have this Excel sheet/google sheet anywhere we can use?

Please help me understand how you can claim Business Miles for taxes, on a rented vehicle. Maybe I’m misunderstanding, but is that allowed; can you log, and claim the business miles you drove, on a car you don’t own?

How is seat comfort driving TM3 for 12 hours every day?

How did you drive so many hours and always kicks me off after 11.5

How you doing brother thank you for all your videos really good videos by the way however I will have to say that I'd stick to food delivering instead of renting a Tesla and doing the passenger thing not worth it for me

When you rent from uber , they give you opportunity for the first week .After that you're not going work no more than $20 per hour .

Why not just buy a used tesla and pay 500 a month? Renting is way too expensive

Nevermind I just rewatched and saw your spreadsheet here’s they probablem you said this as a side gig but you did this during peak times in the middle of days that’s not a side gig most people can’t get off work in the middle of the day you need to redo this video and do the driving durning the hours of 7pm-5am hrs that’s what hours most people that would do a side gig would do because they work regular jobs during those hrs you drove you cheated on the hours

The quest in Dallas is $90 for 80 trips 😂

Nah dude your sample isn’t average I have a Model Y with over 1,000 rides I’m lucky to hit &20/he before expenses

I just watch your video and u are missing gas vehicles prices at the pump. Every state is different but here in florida u are paying 45 to 50 dollars in gas for a average car every 2 days. So you are paying $150 and a little over ever week. So personally my opinion I think the tesla would save u money but u would problem make a little more money using your own car. But the great thing about renting a tesla u dont have to worry about wear and tear on your vehicle.

Hey people I do Uber eats but I don’t see that I get any promotions. Any info thanks 🙏😊

So did you say that you only charged the Tesla twice while working a full week? I'm really trying to figure out a full day charging cost

Must add wait/charging time to spreadsheet

They no longer do long range in ct 😩

Got a Tesla from Hertz for Uber. But, the way these guys keep giving TfL my hard-earned money in fines for violations I know nothing about, I'm going back to being driven. No more driving for me for life.

Bugs me how Americans never talk about private hire licensing. In the UK, you have to spend over £500 and wait over three months filling in forms to prove you are who you say you are, and to prove you can understand GPS. How come you guys stateside just hop in your car and start picking passengers immediately?

What does it cost to charge the car? Nobody ever says that or talks about it

Also Uber app navigation is trash.