I am thinking of buying a used Tesla Model(X/S/3) and list it on Turo, for an additional income.
Can someone please share your thoughts if I can write off the cost of the car, maintenance & repairs as an investment expense?
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You can BUT it is not an investment expense ... you will fill in a Sch C for self employment since you will be in the business of renting the auto and you will need to use the actual vehicle expenses + depreciation option prorated between the miles you use it and the miles put on it by the renters.
Review chapter 4 of IRS publication 463 for how to treat vehicle expenses.
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