In just under 2 years, on August 16th 2016, I reached dual milestones: 100,000 Miles and 500 Uber Rides.

100,000 Miles & 500 Uber Rides happened within the same hour on August 16, 2016

As this was the first really expensive car I’ve owned, I needed to find a way to help pay for the car. Naturally, Uber came to mind so I signed up and actually gave the first official Uber ride in Flagstaff AZ when they opened the market on September 17th, 2014. As it turned out, this would be just one of many firsts for this particular Tesla. Here’s the tweet from the Uber rep in Flagstaff:

I ended up getting commercial insurance as I wanted to do UberBlack, the high end service. However, I didn’t actually get activated on Black for another 5 months as there was a waiting list in Phoenix. My first UberBlack ride was worth the wait: It was during the SuperBowl in Phoenix, and it was a ride that cost $305 of which I made $225.

My First UberBlack ride during SuperBowl 49 in Phoenix

During the same SuperBowl week, something crazy happened. My Tesla was getting world wide press.

Why?

Oh, just this little story about how I rented out my Tesla as “The World’s Fastest Hotel” on AirBnb. The story went completely viral as it was on CNN, CBS, ABC World News Tonight, and more blogs than I could count.

And yes, while I turned down several potential renters I did have 2 automotive reporters pay $85 & $385 (after I upped the price hoping to discourage more guests) to sleep in my Tesla as it was parked in my garage.

Awkward? Oh hell yes.

Funny? Certainly.

A real business idea? Ummm, that would be a big fat NO.

That media frenzy is what inspired my next Tesla adventure, the admittedly poorly named “Million Dollar Tesla Trip”. It was a 4.5 month, 27,615 mile journey across all 48 States plus Canada where I video interviewed interesting & inspiring people in the Tesla as we drove across the country. Interviewees ranged from founders of incredible charities, to the former Driver for Martin Luther King, several authors, lots of fellow Tesla owners, and another cross country road tripper who was volunteering with 50 youth organizations in all 50 States. It became the longest continuous road trip in an electric vehicle (unofficially) and I was the first Tesla owner to visit 200 SuperChargers. Read about my Top 11 Tips for Road Tripping in a Tesla.

After completing the massive road trip, I started renting my Tesla out on Turo.com, the “AirBnB for Cars” in October of 2015. Since my job is renting out Vacation Rentals, it wasn’t much of a stretch for me to rent out my Tesla. Turo provides the match-making service as well as insurance, so it’s worth their 25% cut.

Since I ditched my commercial insurance before the trip and wasn’t too excited about the low UberX rates, I didn’t restart driving for Uber till July of this year. I’m able to do UberX, the cheapest service, along with Select which is reserved for nicer cars and is about 2X the price although only about 1 in 15 rides is Select. Once I started though, it’s become somewhat addicting, but the beauty is I can quit or slow down any time.

Uber’s prices are so low, it really doesn’t pay to drive for Uber in an expensive vehicle especially if earning an income is your only goal. Personally, I wouldn’t Uber in any car besides a Tesla. I do it for several reasons: a great excuse to drive more, sharing the Tesla experience, and it’s fun meeting the mostly cool passengers. If you use it smartly, it can be a lot of fun, and slightly profitable.

There is no better way an individual owner can help Tesla achieve its mission “To Accelerate the Advent of Sustainable Transport” than to drive for Uber or Lyft.

One of the ways to Uber with very little time investment is to use Uber’s commute option where it only offers you riders going your same direction. This way you are paid for going where you were going already. Make someone smile while making some lunch money. Not too bad.

Total Cost of Ownership:

Cost of Tesla: $79,000 used with 35,000 miles

Regular Maintenance Cost over 65,000 miles in 24 months:

“Annual Service”: $600 (Yes, I’ve only done this once at 49,000 miles. Probably not a bad idea to do another soon)

2 sets of tires: $1700

Oil Changes: Hahahahaha

Brakes? Nope. The regenerative braking does 95% of the work and recharges my battery at the same time.

Total Maintenance = $2300

Out of Pocket Repairs from 50,000 to 100,000 miles:

12v Battery $400

Door Handle Repair $1000

Wheel well fasteners $80

Total Repairs = $1500

Total Maintenance + Repairs = $3800. Keep in mind, 65,000 miles is 5 years of “normal” driving at 13,000 a year.

I’d love to hear about any other $100K car go that far (with 50,000 miles out of warranty) and cost less than $4000 ALL IN? Oh, and I’ve probably spent less than $1,000 on electricity as well.

Earnings:

Uber — 500 Rides totaling $6,142.47 in 9 active months = $682 average per month. Less than 1 month was on UberBlack. Most of it was on UberX & Select.

Other Rides: $360

Turo — 20 Rentals totaling $6652.25 in 11 months = $604 average per mo.

AirBnb — 2 Rentals totaling $470

Total Tesla Income =$13,624.72 / 24 months = $567.69 a month average

Tesla Road Trip Savings: My 27,615 mile (the circumference of the Earth is 24,901 miles) 48 State plus Canada road trip cost $8.37. I had to pay for electricity 2 times, the rest was FREE thanks to the Tesla SuperCharger network. There were about 180 SuperChargers when I started the trip. There are now almost 300 in the USA. Gas savings assuming a 25 MPG car using a national average of $2.75 a gallon = $3037.

I also used the “Tesla Hotel” about 20 times out of the 132 nights on the road since the Tesla allows you to run the A/C or heat all night with no issues. With an average hotel cost of $75, this saved me $1500.

Total Road Trip Savings of just over $4500.

Should I have purchased the Extended Warranty?

As 50,000 miles approached, I had to decide whether or not to purchase the Tesla Extended Warranty for $4000. This would extend the regular warranty to 100,000 miles. My choice? I was confident in the Tesla so I rolled the dice. No warranty for me.

As I hit 100,000 miles, I finally found out if I had made the right decision.

As noted above I spent $1500 out of pocket versus $4000 on the warranty so I made out by $2500.

Tesla also has an 8 year, unlimited mileage warranty for the Drive Train & Battery. This was great, as I did have the drive train replaced at about 65,000 miles and the battery replaced at about 76,000 miles. Tesla service was beyond fantastic in dealing with both issues and I was on my way with zero out of pocket cost.

The moral of the story? The Tesla isn’t a typical prissy $100,000 car. It’s meant to be driven, and driven hard. It’s not just a daily driver, it’s a high performance yet practical and extremely safe car. It’s better than a traditional car in so many categories it’s fall down funny.

So, you want to see the 100,000 mile photos??