4 Surprising Ways To Use Your Tesla To Earn Passive Income

jetcityimage / Getty Images

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

20 Years
Helping You Live Richer

Reviewed
by Experts

Trusted by
Millions of Readers

Owning a Tesla isn’t just about enjoying cutting-edge technology and sustainable driving. It’s also an opportunity to generate passive income. 

Beyond traditional methods like ride-sharing or delivery services, Tesla owners can explore additional creative ways to make passive income on the side as well. Here are five creative ways to turn your Tesla into a revenue-generating asset.

List Your Tesla on Peer-to-Peer Car Sharing Platforms

Platforms like Turo enable Tesla owners to rent out their vehicles to others. According to the platform’s website, cars listed on Turo earn about $906 per month, with owners receiving approximately 70% of the rental earnings. This approach allows you to monetize your Tesla during periods when it’s otherwise idle.

Turo’s passive income service is a little different than just renting out your car on your own as a host. Instead, you’ll fill out a form and share details about your vehicle. Then Turo will match you with an experienced host who’s interested in listing your vehicle. From there, the host will manage rental bookings and take care of the entire process for you.

Here’s an expected Earnings Breakdown

Of course, earnings depend on location, demand and the specific model of your Tesla. Cities with high tourism or tech-centered communities tend to perform best for car-sharing platforms.

Offer Your Tesla for Film and Photo Shoots

The sleek design and modern appeal of Teslas make them attractive for use in movies, commercials and photo shoots. By registering your vehicle with agencies that supply cars for media productions, you can earn income whenever your Tesla is featured in a project. This method requires minimal effort and can be a lucrative side hustle.

Agencies like Movie Time Carsand Driveshareregularly seek out unique vehicles for various shoots. Tesla vehicles are in demand for futuristic and tech-themed productions, making them prime candidates.

Payment ranges from $200 to $500 or more per day, depending on the role your car plays in the shoot. This method is passive and comes with the added bonus of seeing your car on the big screen or in major advertisements.

Install Advertising Wraps on Your Tesla

Companies often pay vehicle owners to display advertisements on their cars. By applying removable ad wraps to your Tesla, you can earn money simply by driving as you normally would. While the income varies based on factors like location and driving frequency, it’s a passive way to offset ownership costs.

Standard car wraps can earn you $200 to $500 per month, according to Carvertise. Premium campaigns may offer up to $1,000 monthly if you live in a high-traffic urban area. Some companies even pay for part of the wrap installation costs.

Platforms like Wrapify and Carvertise make it easy to sign up, get your car wrapped and start earning.

Utilize Your Tesla for Affiliate Marketing Content

If you have a presence on social media or a blog, you can create content around Tesla accessories, features or your ownership experience. By promoting products through affiliate links, you earn commissions on sales generated from your referrals. This strategy leverages your Tesla ownership to build an additional income stream.

Ideas for Content

• YouTube reviews of Tesla accessories
• Blog posts about road trips with your Tesla
• Social media reels showcasing the Autopilot experience

Popular platforms like Amazon Associates or Tesla-related affiliate programs provide generous commissions for accessory purchases.

Owning a Tesla doesn’t just have to be about sustainable driving. Your car can also be a gateway to passive income opportunities. As technology evolves, more doors will open for EV owners to make the most of their vehicles and earn more money on the side with minimal effort.

Share This Article: