Elon Musk’s Robotaxi Hype Crashes, Leaving Fans Burned on Polymarket Bets

Tesla CEO Elon Musk’s bold promise of a “money-making opportunity” has spectacularly backfired, leaving fans who bet on his Robotaxi launch on Polymarket reeling from significant financial losses.

In June 2025, Musk hyped a bet on the crypto-based prediction platform, urging followers on X to wager on Tesla launching a public, driverless Robotaxi service by June 30. The post drove bets to nearly $9 million, but the service—launched as an invite-only trial with human safety monitors in Austin—failed to meet Polymarket’s criteria for a “fully driverless” public rollout, rendering “Yes” bets worthless.

Frustrated bettors are now lashing out. “I’m literally going to try and sue Elon,” one fumed on X, claiming Musk controlled the outcome. Another vented, “Elon f*cked us,” warning that his reputation could take a hit. Some, in denial, insist the launch qualified, with one user pleading, “Elon, tweet something!”

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Others, like a bettor who suggested buying a lottery ticket instead, dismissed the debate as futile. The backlash highlights Musk’s history of overpromising on self-driving tech, with one user lamenting, “Why would Elon lie like this? It’s shocking.”

The failed bet, which saw odds plummet from 40% to under 1% after Musk’s endorsement, underscores the risks of blind faith in the billionaire’s vision. As Tesla’s stock struggles and regulatory scrutiny mounts over Robotaxi glitches, fans are left questioning Musk’s credibility, with some calling for accountability in this costly misstep.

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