Elon Musk Skeptic Calls Tesla’s Bluff, Bets You $10,000 That Robotaxis Suck
Tesla skeptic Whitney Tilson is so confident that Elon Musk’s robotaxi dream will crash and burn that he’s willing to bet you $10,000 that he’s right. | Source: Frederic J. BROWN / AFP (i), Kase Learning/YouTube (ii). Image Edited by CCN.
By CCN: Whitney Tilson has been shorting Tesla since 2014, and the former hedge fund manager and avid TSLA bear is at it once again. This time he’s willing to bet you $10,000 that Elon Musk’s robotaxi fantasy will crash and burn.
In a letter to investors this week, the 52-year-old took a stab at Tesla’s charismatic leader, predicting that he’ll fail to create one million robotaxis by the end of next year. Elon Musk made those bold claims at Tesla’s Autonomy Day in Palo Alto last month:
“I feel very confident predicting autonomous robotaxis for Tesla next year, Not in all jurisdictions because we won’t have regulatory approval everywhere, but I’m confident we will have … regulatory approval somewhere, literally next year.”
Elon Musk a ‘Zillion Miles Away’ from Commanding Robotaxi Army
In true gaming style, Elon Musk is looking to level up his character by being the first to reach the holy grail of all autonomous vehicle (AV) research – Level five. Level five cars are fully automated, no adult supervision required. There’s a reason you won’t find one on the road right now though. They’re damn near impossible to create.
Value investor Whitney Tilson alleges the overly-ambitious Musk is a “zillion miles away” from seeing his robotaxi army becoming a reality.