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.

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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.

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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.

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 Cars and Driveshare regularly 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.

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.