An Uber driver changed his Toyota to a Tesla and this is what happened

Lower costs and thousands of dollars in tips: Uber drivers switch to Tesla. Image: Getty.

The next Uber you take home at night or go to a business meeting early will likely be a Tesla. Gasoline is still hovering above $5 in the US, and shared-trip drivers see Elon Musk’s luxury cars as an opportunity to cut costs.

According to data from GridWise, an app that provides predictive insights to help manage ride sharing and the number of drivers and delivery staff who have chosen to get behind the wheel Tesla rose 186% in Maycompared to the previous year.

Some Uber and Lyft drivers have found renting or buying a Tesla the most profitable option right now, amid inflationary blows hitting the temporary jobs economy. This trend also comes at a time when both Europe and North America are planning to switch completely to electric vehicles by 2030.

From Toyota Camry to Tesla Model 3

An Uber driver told Bloomberg that she decided to switch to a Tesla because the Toyota Camry cost her $600 a week, just for petrol, compared to the $450 she pays to rent and ship a Model 3.

Heidi Barnes, 34, spends $450 a week once you add shipping costs to her $344-a-week lease, which is Save $150 per week on Camry fuel costs alone.

“It was a huge step forward to get into Tesla sooner rather than later,” said Barnes, who said a gas-filled tank for his Camry exploded from $60 to $100which prevented him from making a decent profit in Los Angeles County.

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FILE - A 2021 Model 3 sedan is connected to a charger at a Tesla dealership on June 27, 2021 in Littleton, Colorado.  The National Highway Traffic Safety Administration said Thursday, June 9, 2022, it is upgrading the probe to an engineering analysis, another sign of increased scrutiny of the maker of electric vehicles and automated systems that perform at least some driving tasks.  (AP Photo/David Zalubowski, File)

Tesla Model 3 Sedan. Photo: AP/David Zalubowski, File

The standard Tesla Model 3 sedan, with a range of 354 km, a top speed of 200 km / h and an acceleration from 0 to 96 km / h in 5.6 seconds, was launched in February 2019 at a price $35,000.

Despite the lower cost, it was designed to achieve the same perfect 5-star safety rating as the longer range version, which had the lowest chance of injury of any vehicle tested by the US government at the time.

Barnes chose to rent the Standard Model 3 for a full month through franchisee Hertz, who has his own deal with Uber Technologies: a $344 weekly rate that includes insurance, basic maintenance, and unlimited miles included. In his first week, Barnes’ earnings covered the cost of rent for the month.

In addition, Uber is offering an additional $1 per trip to drivers who switch to fully electric cars, which can earn them up to $4,000 annually under the San Francisco-based company’s Green Future program.

Last month, Uber updated its driver app with an “EV Hub,” which has a charging map and makes electric car rides an excellent option for riders.

Since launching its partnership with Hertz in November, Uber has seen more than 15,000 drivers hired for Teslas. “The partnership has been really exciting,” Adam Gromis, the company’s director of public sustainability policy, said in an interview.

Uber has about 1 million drivers in the USto me The Rideshare man, a website dedicated to the ride-sharing industry. At Lyft, electric vehicle growth has also reached record levels, with electric vehicle use increasing 27% since the first quarter. While Tesla is the electric vehicle that dominates the market, the company is also seeing significant growth from other manufacturers, in particular. Kia Corp.

Less expenses, better profits… and more tips

For Barnes, the new Tesla represents not only a significant saving in fuel costs, but also a significant increase in tips. He said he noticed that his ride greatly appealed to the passengers and that they became “more generous”.

“I usually get lucky to receive tips ranging from $1 to $3, But now they’re $10 or $15Sometimes constantly.” Total, I earned over $2600 in just 25 daysmore than double the $800 to $1,000 he usually earned on his 2009 Camry.

A Latina businesswoman rides a crowd-sourced taxi, after she asked to be picked up and downloaded to her smartphone.  Shot in Los Angeles, California.

Lower costs and thousands of dollars in tips: Uber drivers switch to Tesla. Photo: Getty Images

Leasing is a low-risk option for Uber and Lyft drivers like Barnes, who can’t buy outright, especially after Tesla raised prices by as much as $6,000 per car.

But for other drivers, like Luis Martinez, 34, borrowing is more risky than waiting for gas prices to fall. Like Barnes, Martinez began looking to replace his 2012 Toyota Camry Hybrid with an electric vehicle in early March when gas prices soared.

It was around those dates when he decided to opt for the Tesla Model 3 Long Range. “I used to spend $800 on gas every month And I knew I could invest that money in a car I could actually get,” the driver from Ventura, California, told Bloomberg.

At $58,000, Martinez took the loan. Within a week, her $900 car payments are covered and she earns about another $1,000 in house rent.

Martinez said he had never taken out a car loan before. “I am more nervous because I know I will have to drive at least to cover myself and I know the doubts will dissipate,” he said. When he decided to buy a Tesla, gasoline exceeded $5. “There is a lot of anxiety, but the math makes sense to me.“.

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