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Gross profit per car (projected)
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Notes
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Revenue:
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Annual miles70,000The annual mileage of a New York City taxi.
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Annual paid miles44,940Based on the percentage of paid miles for Uber in Los Angeles.
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Price per mile$0.5020 cents less than the cost per mile of owning a car (using an ARK Invest estimate of 70 cents).
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Total revenue$22,470
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Expenses:
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Depreciation$4,286Based on a $30,000 cost to build a base Model 3 spread over 7 years and 500,000 miles.
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Charging$1,8250.237 kWh per mile (EPA rating) * 70,000 miles * $0.11 per kWh (U.S. average electricity price).
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Maintenance$2,998Based on an ARK Invest estimate.
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Cleaning$2,105Based on an ARK Invest estimate.
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Tires$1,300Based on an ARK Invest estimate.
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Insurance$1,320Loup Ventures' estimate for the cost of insurance in the fifth year of ownership.
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Parking$774ARK Invest estimate.
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Miscellaneous$300ARK Invest estimate.
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Total expenses$14,908
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Gross profit:$7,562
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