Webb said demand for the vehicles — some of which are booked months in advance — is high.
“One guy hasn’t even been able to drive his Model 3 yet because from the moment he got it, he’s been renting the car out on Turo.”
Some owners have found that the early versions of the Model 3 have some bugs.
“I am making this car available for Turo rentals so that more people can experience the EV revolution,” writes a Turo user named Joseph in his vehicle’s description. “Note that the Model 3 software still has some minor bugs and quirks, so only technically savvy renters willing to be patient with a car that is still somewhat in ‘beta,’ please.”
In some ways, Tesla owners opting to use a car-sharing network is hardly surprising. They tend to be early adopters, according to experts, and — aside from the Model 3 — Teslas are more than two times as expensive as the average new car in 2017. Musk has touted the benefits of car sharing, noting that the practice offers car owners the chance to monetize a depreciating asset that often sits idle for large chunks of the day.
That is one of the reasons Musk has said he wants to create the Tesla Network, a ride-sharing fleet of autonomous Teslas that owners rent out when they’re not in use. General Motors, BMW and Fiat have already launched similar ride-sharing programs in limited areas.
Webb said that Turo’s marketplace includes about 850 different makes and models, and the average owner makes about $500 a month through the service, which significantly offsets the costs of owning most vehicles on the road.
“If you rent out a Tesla S seven days per month, that pays off the monthly financing fee,” Webb said, noting that some Turo users are generating enough revenue using the service to purchase a second vehicle.
Tesla is expected to report new Model 3 production numbers during its quarterly earnings call in February.