Cybertruck rental rates have fallen precipitously over the past few months, from $1000/day at the start of the year to as low as $134/day now. After Turo takes its cut, Cybertruck owners are only making $92/day renting out their trucks.
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When Tesla first started delivering the Cybertruck, demand for the all-electric truck was high, and production was barely starting to ramp up.
This mismatch created a huge opportunity for the initial Cybertruck buyers. People who took delivery of their Cybertruck in the first few weeks shared that they were making thousands of dollars per week renting out their Tesla truck.
By renting out their Cybertruck for a few days out of the month, owners were able to earn enough money to make their monthly payments. In the early days of the Cybertruck, if owners did not mind sharing their vehicle a few days out of the month, they could practically own a Cybertruck for free.
More than that, people were even making a living out of renting their Cybertruck. Not only did they have a free vehicle, but it was a good source of income, fetching thousands of dollars per month.
However, the heydays of Cybertruck rentals appear to have come to a screeching halt. A Cybertruck rental ad from Turo, later shared on Reddit, shows that Cybertruck rentals are available for as low as $134/day.
This is a far cry from the $1000/day rental prices, which were too common only a few months ago.
This particular Cybertruck was posted for rent on Turo by the owner, Tyler. Tyler is a Turo veteran who joined the rental service in October 2017 and has 174 trips under his belt.
If you go to his Turo ad, you can see Tyler is the owner of a 2024 Cybertruck with a bright red wrap and white interior.
Tyler lists his Cybertruck for $134/day for anyone renting the vehicle for at least three days; however, the price goes slightly up to $149/day for people who only want to experience the vehicle for a day or two.
After Turo takes its cut, which is around 30%, it means that Tyler will only be making $92 per day renting out his Cybertruck.
Personally, I’m extremely surprised to see how quickly Cybertruck rental prices have fallen in the past few months.
Having said that, what’s interesting here is that Tyler’s price is the lowest I was able to find for a Cybertruck rental; however, some Cybertruck owners appear to still haven’t gotten the memo and are asking as high as $600/day to rent out their all-electric truck.
These are the two extremes; however, most Cybertruck rentals appear to be posted at around the $250/day mark. These fetch higher earnings for the owners, but still the days of $1000/day Cybertruck rental appear to be long behind us.
Although the lower rental prices are bad for Cybertruck owners, it is also great for consumers who want to try out the vehicle.
Given that the Cybertruck is the largest Tesla vehicle and many people considering buying it are first-time truck buyers, it would be prudent to rent the vehicle for an extended time to see whether it fits their lifestyles.
If you live in the Kaysville, Utah, area, you can rent Tyler’s Cybertruck on Turo for as low as $134/day.
Looking at the reviews below his ad, it appears that Tyler is a good host with a 5-star rating and several good reviews from satisfied customers.
Overall, it is baffling to see how low Cybertruck rental rates have gone. However, let me know what you think in the comments below. Share your opinion by clicking the red “Add new comment” button below. Also, visit our site, torquenews.com/Tesla, regularly for the latest updates.
Image: Screenshot from Turo ad
For more information, check out: My Tesla Cybertruck Startled My Elderly Neighbor’s Horse; She Fell & Broke 8 Ribs – Deers & Gazelles are Also No Cybertruck Fans
Tinsae Aregay has been following Tesla and the evolution of the EV space daily for several years. He covers everything about Tesla, from the cars to Elon Musk, the energy business, and autonomy. Follow Tinsae on Twitter at @TinsaeAregay for daily Tesla news.
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