Tesla Starts Offering Rentals Beginning At $60 A Day: FSD, Free Charging Included - Tesla (NASDAQ:TSLA)

Core Insights - Tesla Inc. has launched a rental program at its San Diego Miramar location, allowing customers to experience the vehicle's features, including supervised Full Self-Driving (FSD), for up to a week [1] Pricing and Rental Details - Rentals start at $60 per day, with a minimum rental duration of three days and a maximum of seven days. Charging at Supercharger stations is complimentary during the rental period. The program runs from November 1 to December 31, 2025 [2] - Renters must be at least 21 years old, have a valid U.S. driver's license, and provide a credit card hold along with proof of current automobile insurance. A $30 fee applies if the vehicle is returned with less than 50% charge [3] Customer Incentives - Customers who purchase a Tesla within seven days of their rental may receive a credit of up to $250 towards their purchase, depending on the rental duration [4] Strategic Context - The rental program is part of Tesla's broader strategy to promote its vehicles. Previously, Elon Musk encouraged potential buyers to rent Teslas through Hertz, despite Hertz's plans to reduce its EV fleet due to high repair costs [5] - Musk envisions a future where Tesla owners can earn income by adding their vehicles to a robotaxi fleet, similar to a combination of Airbnb and Uber, although analysts are skeptical about owner participation in such a program [6]