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Former hedge fund manager, Whitney Tilson, sent an email this week to investors on Tesla's latest robotaxi deployment plan, Tesla's chief executive.
Aged 52, who ran Kase Capital Management for about two decades before closing it in 2017, he was ready to bet $ 10,000 that Musk would not reach his goal of getting the robotaxis – which the Automobile company compared to a driverless Uber or Lyft – on the road by 2020.
"I am very confident to predict autonomous robotaxia for Tesla next year," Musk said last month at Tesla's California Independence Day. "Not in all jurisdictions because we will not have regulatory approval everywhere, but I'm confident we'll have … a regulatory approval somewhere, literally, next year."
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Musk recently estimated that 1 million Teslas would have all its autonomous capacity in about a year, which would give customers the opportunity to join the Tesla taxi network and earn additional money through trips made via the carpool application of the company. Tesla would take up to 30% of the profits made per trip.
But Tilson asserted that Musk's timeline is far from realistic.
"Tesla Inc. is one million kilometers from the promise of Level 5 Musk by the end of the year and a fleet of one million robotaxis by the end of next year", Tilson explained in an email that was later posted on the ValueWalk economic site.
"Do you want to make a bet for the charity that Tesla does not come in the year following one of those promises (as a result of which he raised more than $ 2 billion)?" he then asked, adding that he "would extend this bet to anyone – up to $ 10,000".
Attracting the attention of investors on a Tesla video on the autopilot features of a vehicle, Mr. Tilson has proven that the auto giant was far from reaching the point of view. Level 5 autonomy, what The Verge describes as an autonomous car without "geographical barrier" and "without limitation". There is currently no car that has reached this level of autonomy, says the publication.
"If you do not have time to look at it, I'll summarize it: the autopilot is LAUGHABLY BAD The driver had to intervene dozens of times – every few seconds, seemed – to avoid MAJOR accidents ", commented Tilson. .
"The claims of Elon are far from being a reality," he concluded.
Musk admitted in the past that he was not always "at the hour", but argued that he ended up "getting [the job] "Last week, the 47-year-old billionaire businessman said that he was working" between 80 and 90 hours a week "to ensure the success of his business.
"In recent years, the hours were much longer.Do not recommend though – bad for health and happiness.But not the choice or Tesla would die.I hope to be able to reduce the time to 80 hours the year. next, "he wrote on Twitter.
Running Tesla was particularly difficult for Musk. The automaker announced a $ 702 million loss in the first quarter of 2019.
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"It's incredibly difficult to survive as a car manufacturer, incredibly difficult," he told Vox, noting that he had worked up to 120 hours a week.
Brittany De Lea from Fox Business contributed to this report.
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