This 26-Year Old Got Six Tesla Vehicles In 18 Months

Tesla model S sedan in grey on a mountain road

JUL 20 2018 BY EVANNEX 19

HOW A 26-YEAR OLD GOT 6 TESLAS IN 18 MONTHS

Although driving a Tesla can be expensive and out of reach for some, there are a few innovative ways to help drive down the cost of Tesla ownership. Raymond De Padua owner of Tesluro, a Tesla rental company on Turo based out of Jacksonville, FL, has managed to do this with 6 Teslas in a span of just 18 months.

*This article comes to us courtesy of EVANNEX (which also makes aftermarket Tesla accessories). Authored by Matt Pressman. The opinions expressed in these articles are not necessarily our own at InsideEVs.

Above: Tesluro’s Raymond De Padua and his 6-Tesla fleet (Image: Tesluro)

Raymond spent three years working at car rental company, Enterprise, which he says was the key to helping him scale Tesluro into what it is today. Sure, anyone can list their car on Turo, but having the basic know-how and thinking outside the box are keys to “Driving a Tesla For The Same Monthly Cost as a Toyota,” something Raymond plans on teaching.

According to Raymond, “If you truly want to drive a Tesla for the same cost as a Toyota, you just need to be comfortable with handing over your keys to someone 4-5 times a month. Elon Musk’s Master Plan for Tesla includes car-sharing anyways, so offering the service now is a no-brainer.”

Why Turo?

Often referred to as “The Airbnb for Cars,” Raymond believes that the Turo platform is poised for exponential growth. Turo, he says, “does all the legwork for you.” Turo executes a background check on all users and the company has a $1 million dollar liability policy/partnership with Liberty Mutual Insurance. And Turo continues to grow at a rapid pace. Founded in 2009, Turo amassed over 150,000 vehicles listed on its platform as of 2017.

Above: Raymond surrounded by his Teslas (Image: Tesluro)

According to Raymond, Turo’s concept of car-sharing is beginning to catch up with ride-sharing and home-sharing platforms — think Uber and Airbnb. Turo already has over 6 million people using the app. This is great news for anyone looking to make some extra money sharing their car. A big edge that Turo has over big-box rental companies (i.e. Hertz, Avis, and Enterprise) is its variety of cars available. You can rent anything from an old-school Porsche to a brand new Bentley.

The reason Teslas, in particular, work so well on Turo is the personal experience provided by the host when explaining the vehicle. For example: Raymond notes that if an uninformed Enterprise rental agent were to rent out a Model 3 and the agent had never owned a Tesla before, it may prove difficult to explains the basics (i.e. charge speeds, knowing where to charge, how to operate various Tesla features, apps to download such as PlugShare, etc.).

Succeeding on Turo

According to Raymond, “succeeding on Turo takes a little skill and a fair amount of knowledge.” Some things Raymond says to keep in mind when structuring a Turo business: forming an LLC vs. S-Corp, tracking expenses, tax write-offs, vehicle acquisition price, where to find deals on Teslas, knowing and analyzing your market, repricing strategies, automating your business, etc.

Knowing your cost (and breakeven) remains a key benchmarking tool when running a successful Turo business, according to Raymond. To make it easy, Tesluro has created a Tesla-specific calculator to calculate key numbers you’ll need to know in order to drive down your Tesla payments. The benefit of this calculator is that it not only calculates gas savings, but it also factors in potential Turo income you could be producing including the insurance deductions Turo takes.

Above: A $55,000 Tesla purchase example on Tesluro’s calculator (Image: Tesluro)

Aside from tracking expenses and write-offs, Raymond says you’ll need some customers. He’s been able to build his 6-vehicle Tesla rental company, Tesluro, using the Turo app but he’s also managed to build a client base through successfully branding his “family of Teslas” via targeted advertising, PR, and social media efforts.

To that end, Raymond even gave his Teslas some pretty cool names: Darth Vader, Space Boat, Power Outage, Wattson, Charlie, and Millenial Falcon. So if you’re in the Jacksonville area, be sure to try out one of Tesluro’s cars. And if you’d like to learn more about this unique Tesla-oriented business case study, check out Raymond’s free webinar on how he built up his all-electric fleet.

===

Source: Tesluro

*Editor’s Note: EVANNEX, which also sells aftermarket gear for Teslas, has kindly allowed us to share some of its content with our readers, free of charge. Our thanks go out to EVANNEX. Check out the site here.

Categories: Tesla

Tags: , , ,

Leave a Reply

19 Comments on "This 26-Year Old Got Six Tesla Vehicles In 18 Months"

newest oldest most voted

A friend does the same thing also using Tesla vehicles. He have every type of Tesla made so far. It ‘s just in the greater Phoenix area so far but who know in a year or two. http://www.SparcRental.com

$300.00 plus is a bit much for an older Telsa rental.

He rents the model 3 for $99 a day. That seems pretty reasonable.

I got a chuckle out of the requirements for a Roadster Turo rental: “…MUST HAVE A BACHELOR DEGREE….”

Other than a job, this is the first time I have heard a that a degree is required for anything. OTOH, maybe this Roadster isn’t rented to married guys? Do you have to bring your graduation certificate? I don’t even remember where mine is. This is all more difficult than getting a passport.

Wow, what an amazingly innovative young man. I wish him even more success.

That’s right young people are thriving in a service based economy but Trump and his supporters want to drag America back into a low wage, repetitive manual labor manufacturing jobs LOL CONNECT THE DOTS ON CLEAN AIR WAKE UP FOLKS thanks co2.earth

Way to jump off topic.

Assaf is right. Very bright young man!

Off topic? Off topic would be if I started whining about Hillary Clinton’s e-mails LOL CONNECT THE DOTS ON CLEAN AIR WAKE UP FOLKS thanks co2.earth

Mr. G, since your comments are getting more thumbs down than thumbs up this consistently, you may be doing the very cause you love a dis-service. Not a sermon, just a thought. 😉

huh.
did trump or some GOP wake you up and then kick you in the head repeatedly?
Or did you just do that to yourself?

Six Electrics? Uh oh. Time to upgrade to an M3 AWD!

Will the real Raymond please stand uP!

Seven fake electrics, coming from an all wheel nothing anything would be an upgrade. Then again I don’t think they have the matchbox Tesla model 3 AWD quite yet.

Seems cool but they often use these limos on Uber and non local rideshare while tying up public chargers in Austin at least.

You mean like this? And aren’t they Lyft (aka, Maven), not Uber?

https://s3.amazonaws.com/plugshare.production.photos/photos/316604.JPG

WOW, hey Trump and Trump supporters America is a service based economy so take your low paying manufacturing jobs and shove it where the sun don’t shine LOL CONNECT THE DOTS ON CLEAN AIR WAKE UP FOLKS thanks co2.earth

Hey Mister Kenny G- Wake uP! You’re signature is just a bit much…

Maybe come up with something new that provides some real fresh air /

So how many 20 somethings that you know want to work in a textile factory? CONNECT THE DOTS ON CLEAN AIR WAKE UP FOLKS thanks co2.earth

It is a signature. Like No Plug No Sale and other longer variants on NPNS. *shrug* Seems harmless.

Meanwhile, he’s got a great point, there are a lot of jobs never coming back. To put this story into correct perspective, it is really a story about the new economy. It is an example of where jobs are going, because bringing back old jobs to America “again” isn’t going to change the economy. Meanwhile, the guy in this story was just hurt by the latest rounds of tariffs because the raw materials to build EV’s just went up, cutting into his future profits.

We aren’t going to build a nation on repetitive manufacturing tasks any more than we are going to go back to an agricultural job based economy like 200 years ago. Manufacturing and agriculture are jobs of the past globally, replaced by autmation. We can’t go backwards and hurt jobs like this with tariffs (taxes) designed to bring back old jobs.

https://data.worldbank.org/indicator/SL.AGR.EMPL.ZS

CTDOCA WUF!