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This guy turned his Tesla into an Uber, but it didn’t go well

chi1cabby

Well-Known Member
http://www.marketwatch.com/story/this-uber-driver-picks-you-up-in-a-tesla-model-s-2015-09-11

MW-DU072_uber_t_20150911150537_ZH.jpg


So far, Zhang said he’s completed 102 trips and made $1,022.59, before Uber took its cut and without accounting for his own expenses. After the Uber fee — which can range from 20% to 28% depending on the city and when the driver signed up — Zhang calculates that he has collected 76 cents per mile. This is cut down to 70 cents when factoring in his Tesla’s cost of six cents per mile to drive.

This may not be enough of a profit to keep driving for the service, Zhang said, and he’s pausing his driving while deciding whether to keep going.

“I cannot spend money and my time [when] I’m not making a return,” Zhang said.
 

toi

Well-Known Member
I am in the market for a next car for livery and did look into tesla as well too. Numbers just dont make sense. For $80 k u buy a sprinter limo , which makes around $700-1k per run easy when booked .
If tesla made sense economically you'd see teslas in every livery operation. Thats the bottomline.
 

Fauxknight

Well-Known Member
6 cents per mile to operate his car? Hmm, even though his car is electric, I think it will cost more than 6 cents per mile to operate it.
His costs are way off, maybe that's just his electricity cost per mile though, seems high, but maybe electric is expensive where he is at (by comparison my Fuel costs on the PriusC are around 4 cents per mile at current fuel prices - $2/gallon).

So on to the rest of his expenses, that's a Tesla 85, so base price is $85k, depreciation could easily be around $.40 per mile for one just off the lot. With tire, maintenance, and electricity he might be over $.50/mile in actual costs.
 

limepro

Well-Known Member
Tesla should be UberBlack. How the @@@@ is Tesla an UberX????

Yet, a 2008 Mazda 3 is UberX.
I thought the exact same and maybe he was from a place with only x but Pasadena has everything. He is doing something wrong.
 

KeJorn

Well-Known Member
Example one: Rider fee included in gross fares quoted.
Example two: Rider fees already deducted from quoted gross fares.


UberTeslaPasedena2.jpg
 
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UberXTampa

Well-Known Member
If the guy drives a Tesla, he must look for making as many referrals as possible.
For every buyer he refers, he gets a $1,000.00 from Tesla.
If he has the highest number of referrals in his region, he gets a free Tesla Model X.
Not a completely stupid move if he meant to use his Tesla as a test drive car to market it to all his riders.
If I had a Tesla, I would consider using it in Select category to do just that!
 

ReviTULize

Well-Known Member
What is someone that can afford a $100k car doing driving for Uber for pocket change?
Many people live outside their means(not that this guy is). It's very common for people to lease high-end vehicles and get 2nd/3rd mortgages, etc...just to "keep up with the Jones"
 

limepro

Well-Known Member
Many people live outside their means(not that this guy is). It's very common for people to lease high-end vehicles and get 2nd/3rd mortgages, etc...just to "keep up with the Jones"
It's sad when you meet people with high 6 figure incomes and they are a week away from being homeless because possessions come before savings. I have met many that fit that bill, I was always taught to live below your pay grade.
 

ReviTULize

Well-Known Member
It's sad when you meet people with high 6 figure incomes and they are a week away from being homeless because possessions come before savings. I have met many that fit that bill, I was always taught to live below your pay grade.
Exactly. You can't take any of it with you when you leave this world.
 

KGB7

Well-Known Member
Uber black is more than just a car, it's proper licensure and insurance in your state to go with the proper type of vehicle.
Thats just dumb on the Tesla owner part.

On UberX, even if he drove 12 hours a day 7 days a week, 1/3 of the monthly income would go towards paying off the car.
 
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