Photo: Manuel Romano/NurPhoto via Getty Images

If it seems unlikely that wealthy Tesla owners would want to share their high-tech cars with the masses, think again. Teslas are already among the most popular cars rented on Turo, the original peer-to-peer car-sharing site.

Why it matters: There's an established market for occasional use of a Tesla, and owners can make good money renting out their car when they're not using it. Instead of a side hustle, Turo pitches car-sharing as a way to "car up" to a premium vehicle you might not otherwise afford.

By the numbers, per Turo:

  • Tesla's Model S is the 6th most popular car rented on Turo, and Models X and 3 are 10th and 11th.
  • Turo lists 6,000 Teslas for rent.
  • Model S owners earn $1,200 per month by renting their cars an average of 11 days.
  • The average monthly finance cost to purchase a Tesla is $1,020, which means "you can essentially get a free Tesla if you're willing to share it on Turo 10 days a month," Turo CMO Andrew Mok tells Axios.

My thought bubble: If self-driving Teslas are going to appreciate the way Musk promises, savvy entrepreneurs ought to to build up their own mini-fleets to rent via both sites — Turo and Tesla Network.

Go deeper: Tesla's bet on robo-taxis is a long shot

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The big picture: The number of coronavirus cases increased in the vast majority of states over the last week, and decreased in only two states plus the District of Columbia, Axios' Andrew Withershoop and Caitlin Owens report.

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Illustration: Aïda Amer/Axios

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Photo: Francine Orr/Los Angeles Times/Getty Images

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