Musk’s Boring Co. Burns $900M, Delivers Tunnels, Not Hyperloops
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A Tesla Inc. electric vehicle passes through the underground tunnel during a tour of the Boring Co. Convention Center Loop in Las Vegas.
Photographer: Bridget Bennett/BloombergNearly a decade after Elon Musk launched Boring Co. with promises of ultra-fast hyperloop-powered transportation, the tunneling venture has little to show.
Despite pitches to cities like San Jose, Nashville and even Dubai, just one of Boring Co.’s public proposals have progressed beyond the planning stage. To date, the company has only begun construction in Las Vegas, and while the city has approved 68 miles of tunnels, Boring has dug about eight miles, with fewer than four miles currently operational.