Investors & # 39; rates & # 39; $ 10,000 against Elon Musk's Tesla project in burning email

Former security fund manager Whitney Tilson blew Tesla CEO Elon Musk's latest robot ax development plan in an email to investors this week.

The 52-year-old, who ran Kase Capital Management for about two decades before he closed it down in 2017, said he was willing to bet $ 10,000 on Musk's failure to reach his goal of getting robot action – The automotive industry has compared with a driverless Uber or Lift – on the road by 2020. "I feel very confident predicting autonomous robot tax for Tesla next year," said Musk last month during Tesla's Autonomy Day in California. "Not in all jurisdictions because we don't want regulatory approval anywhere, but I'm sure we'll get … regulatory approval somewhere, literally next year. "

Musk recently estimated 1[ads1] million Teslas would have full autonomous capabilities of about a year, giving customers the opportunity to join Tesla's taxi network and make some extra money on the rides through the company's turn-sharing app. r.

But Tilson claimed Musk's timeline is far from realistic.

"Tesla Inc. is a zillion miles from Musk's promise of level 5 by the end of this year and a fleet of one million robot axes by the end of next year," Tilson claimed in an email later posted at the business location Value Walk.

"You will bet on charity that Tesla does not come within one year of any of these promises (on the back he raised over $ 2 billion)?" He then asked and added that he would "extend this effort to someone – up to $ 10,000. "

. The director's attention to a Tesla video about the car's autopilot features, says Tilson that it turns out that the car giant is far from level 5 autonomy – as The Verge describes as an autonomous car with "no geofens" and "no restrictions". There are currently no cars that have achieved that autonomy level, the publication shows.

"If you don't have time to see it, I'll summarize it for you: the autopilot is bad. The driver had to interview dozens of times – every few seconds it worked – To avoid major accidents, Tilson says. "Elon's claims are far from being a reality," he concluded.

Musk has previously admitted that he is not always "in time", but claims he eventually gets [the job] done. "Last year, the 47-year-old billionaire said the businessman is working" between 80 and 90 hours a week "to ensure the success of the company.

"In recent years, the hours were much higher. Do not recommend but bad for health and happiness. But no choice or Tesla would die. Hoping to reduce to 80 hours next year," he wrote on Twitter.

Running Tesla has been particularly challenging for Musk. The car company reported a loss of $ 702 million in the first quarter of 2019.

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"It's incredibly difficult to survive as a car company. Incredibly difficult," he told formerly and noted that it was a few weeks he worked up to 120 hours.

Fox Business & Brittany De Lea contributed to this report.