Share on StockTwits

Cheap electricity and reduced maintenance needs make most electric cars cheaper to operate per mile than internal-combustion models, but perhaps that doesn’t take things far enough. Car-sharing and ride-sharing services in urban areas are proving more convenient for some people than public transportation, but is it really cheaper to ride than drive? One San Francisco resident decided to find out. In a personal blog post, Sam Altman compared the cost of driving his Tesla Roadster to getting rides using uberX. Assuming 6,000 miles traveled per year, he determined that driving the electric car costs $13,600, while uberX came in at $12,000.

“CA Tesla Owner Calculates That UberX Is Cheaper Than Electric Car” is categorized as “world”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.