Fort Lauderdale accepts proposal for Elon Musk's Tesla beach tunnel (2022)

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"},{"title":"Stelter: This has all the trappings of Elon Musk negotiating","duration":"02:47","sourceName":"CNNBusiness","sourceLink":"https://www.cnn.com","videoCMSUrl":"/video/data/3.0/video/business/2022/05/13/elon-musk-twitter-deal-stelter-first-move-vpx.cnnbusiness/index.xml","videoId":"business/2022/05/13/elon-musk-twitter-deal-stelter-first-move-vpx.cnnbusiness","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/220513060533-03-elon-musk-file-large-169.jpg","videoUrl":"/videos/business/2022/05/13/elon-musk-twitter-deal-stelter-first-move-vpx.cnnbusiness/video/playlists/business-elon-musk/","description":"CNN's Brian Stelter says Elon Musk could be trying to re-price his $44 billion bid to acquire Twitter after he tweeted the deal was on hold.","descriptionText":"CNN's Brian Stelter says Elon Musk could be trying to re-price his $44 billion bid to acquire Twitter after he tweeted the deal was on hold."},{"title":"Elon Musk tweets that his Twitter deal is on hold","duration":"02:40","sourceName":"CNNBusiness","sourceLink":"https://www.cnn.com/business","videoCMSUrl":"/video/data/3.0/video/business/2022/05/13/elon-musk-twitter-deal-on-hold-vpx.cnnbusiness/index.xml","videoId":"business/2022/05/13/elon-musk-twitter-deal-on-hold-vpx.cnnbusiness","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/220513060012-01-elon-musk-file-large-169.jpg","videoUrl":"/videos/business/2022/05/13/elon-musk-twitter-deal-on-hold-vpx.cnnbusiness/video/playlists/business-elon-musk/","description":"Twitter shares dropped after Elon Musk tweeted he was putting the $44 billion deal on hold. CNN commentator Catherine Rampell weighs in on what Musk's motivation could be.","descriptionText":"Twitter shares dropped after Elon Musk tweeted he was putting the $44 billion deal on hold. CNN commentator Catherine Rampell weighs in on what Musk's motivation could be."},{"title":"Hear Elon Musk's plans for Trump's Twitter ban","duration":"01:22","sourceName":"CNN Business","sourceLink":"https://www.cnn.com/2022/05/10/tech/elon-musk-twitter-trump-ban/index.html","videoCMSUrl":"/video/data/3.0/video/business/2022/05/10/elon-musk-trump-twitter-ban-decision-jg-orig.cnn-business/index.xml","videoId":"business/2022/05/10/elon-musk-trump-twitter-ban-decision-jg-orig.cnn-business","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/170409094645-cnnmoney-trump-musk-split-large-169.jpg","videoUrl":"/videos/business/2022/05/10/elon-musk-trump-twitter-ban-decision-jg-orig.cnn-business/video/playlists/business-elon-musk/","description":"Elon Musk disclosed what he'll do about former President Trump's \u003ca href=\"https://www.cnn.com/2022/05/10/tech/elon-musk-twitter-trump-ban/index.html\" target=\"_blank\">permanent Twitter ban\u003c/a> should the Tesla CEO's $44 billion bid to acquire the company become official.","descriptionText":"Elon Musk disclosed what he'll do about former President Trump's \u003ca href=\"https://www.cnn.com/2022/05/10/tech/elon-musk-twitter-trump-ban/index.html\" target=\"_blank\">permanent Twitter ban\u003c/a> should the Tesla CEO's $44 billion bid to acquire the company become official."},{"title":"Analyst: Musk leveraging Tesla stock to buy Twitter is like swapping sushi for a hot dog","duration":"02:00","sourceName":"CNN Business","sourceLink":"","videoCMSUrl":"/video/data/3.0/video/business/2022/04/27/elon-musk-twitter-tesla-markets-now.cnn-business/index.xml","videoId":"business/2022/04/27/elon-musk-twitter-tesla-markets-now.cnn-business","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/220427125717-01-elon-musk-2019-file-large-169.jpg","videoUrl":"/videos/business/2022/04/27/elon-musk-twitter-tesla-markets-now.cnn-business/video/playlists/business-elon-musk/","description":"Dan Ives, managing director and senior equity research analyst at Wedbush Securities, breaks down how Tesla and Twitter investors are reacting to Elon Musk's latest move.","descriptionText":"Dan Ives, managing director and senior equity research analyst at Wedbush Securities, breaks down how Tesla and Twitter investors are reacting to Elon Musk's latest move."},{"title":"Elon Musk set to purchase Twitter for $44 billion","duration":"03:50","sourceName":"CNNBusiness","sourceLink":"https://www.cnn.com/business","videoCMSUrl":"/video/data/3.0/video/business/2022/04/25/elon-musk-to-buy-twitter-stelter-egan-sot-newsroom-vpx.cnnbusiness/index.xml","videoId":"business/2022/04/25/elon-musk-to-buy-twitter-stelter-egan-sot-newsroom-vpx.cnnbusiness","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/220425130139-elon-musk-file-large-169.jpg","videoUrl":"/videos/business/2022/04/25/elon-musk-to-buy-twitter-stelter-egan-sot-newsroom-vpx.cnnbusiness/video/playlists/business-elon-musk/","description":"Twitter's board has accepted Elon Musk's offer to purchase the company for $44 billion. CNN reporters Brian Stelter and Matt Egan weigh in on Musk's quest to take over the social media company.","descriptionText":"Twitter's board has accepted Elon Musk's offer to purchase the company for $44 billion. CNN reporters Brian Stelter and Matt Egan weigh in on Musk's quest to take over the social media company."},{"title":"Elon Musk in 2001: I'm a little tired of the internet","duration":"03:49","sourceName":"CNN","sourceLink":"https://www.cnn.com","videoCMSUrl":"/video/data/3.0/video/business/2022/04/25/elon-musk-silicon-valley-interview-2001-vault-orig.cnn/index.xml","videoId":"business/2022/04/25/elon-musk-silicon-valley-interview-2001-vault-orig.cnn","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/220425141917-elon-musk-2001-silicon-valley-interview-screengrab-01-large-169.jpg","videoUrl":"/videos/business/2022/04/25/elon-musk-silicon-valley-interview-2001-vault-orig.cnn/video/playlists/business-elon-musk/","description":"Long before he was interested in buying Twitter, Elon Musk and his then-wife, Justine, told CNN in 2001 about the serial entrepreneur's plans to step back from Silicon Valley.","descriptionText":"Long before he was interested in buying Twitter, Elon Musk and his then-wife, Justine, told CNN in 2001 about the serial entrepreneur's plans to step back from Silicon Valley."},{"title":"Why conservatives are embracing Elon Musk's Twitter move","duration":"06:22","sourceName":"CNN","sourceLink":"","videoCMSUrl":"/video/data/3.0/video/business/2022/04/17/why-conservatives-are-embracing-elon-musks-twitter-move.cnn/index.xml","videoId":"business/2022/04/17/why-conservatives-are-embracing-elon-musks-twitter-move.cnn","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/220417144105-rs-b-block-panel-large-169.jpg","videoUrl":"/videos/business/2022/04/17/why-conservatives-are-embracing-elon-musks-twitter-move.cnn/video/playlists/business-elon-musk/","description":"Brian Stelter discusses new research into online censorship claims and the connection to Elon Musk's bid for Twitter. Jessica Toonkel and Clare Duffy discuss what Musk and Twitter might do next.","descriptionText":"Brian Stelter discusses new research into online censorship claims and the connection to Elon Musk's bid for Twitter. Jessica Toonkel and Clare Duffy discuss what Musk and Twitter might do next."},{"title":"Smerconish has a message for conservatives rallying behind Elon Musk","duration":"06:48","sourceName":"CNN","sourceLink":"","videoCMSUrl":"/video/data/3.0/video/business/2022/04/16/what-are-elon-musks-politics.cnn/index.xml","videoId":"business/2022/04/16/what-are-elon-musks-politics.cnn","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/220415071333-02-elon-musk-ted-0414-large-169.jpg","videoUrl":"/videos/business/2022/04/16/what-are-elon-musks-politics.cnn/video/playlists/business-elon-musk/","description":"Elon Musk's interest in acquiring Twitter has been heralded on the right and greeted with trepidation on the left. CNN's Michael Smerconish says Musk's past words and actions suggest he's neither a socialist nor a conservative -- but a centrist.","descriptionText":"Elon Musk's interest in acquiring Twitter has been heralded on the right and greeted with trepidation on the left. CNN's Michael Smerconish says Musk's past words and actions suggest he's neither a socialist nor a conservative -- but a centrist."},{"title":"Swisher on Musk: 'very good executive' who sometimes tweets 'like an 11-year-old'","duration":"04:50","sourceName":"CNN","sourceLink":"","videoCMSUrl":"/video/data/3.0/video/business/2022/04/16/swisher-on-musk-very-good-executive-who-sometimes-acts-like-an-11-year-old.cnn/index.xml","videoId":"business/2022/04/16/swisher-on-musk-very-good-executive-who-sometimes-acts-like-an-11-year-old.cnn","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/220416093207-swisher-on-musk-very-good-executive-who-sometimes-acts-like-an-11-year-old-00001312-large-169.png","videoUrl":"/videos/business/2022/04/16/swisher-on-musk-very-good-executive-who-sometimes-acts-like-an-11-year-old.cnn/video/playlists/business-elon-musk/","description":"Twitter bidder Elon Musk's own tweets are sometimes \"obnoxious, like an 11-year-old boy that wasn't raised very well,\" says Kara Swisher, opinion columnist for the New York Times. But \"he has proven himself to be a good executive.\"","descriptionText":"Twitter bidder Elon Musk's own tweets are sometimes \"obnoxious, like an 11-year-old boy that wasn't raised very well,\" says Kara Swisher, opinion columnist for the New York Times. But \"he has proven himself to be a good executive.\""},{"title":"Watch late night hosts mock Elon Musk's offer to buy Twitter","duration":"02:01","sourceName":"CNN Business","sourceLink":"","videoCMSUrl":"/video/data/3.0/video/business/2022/04/15/late-night-hosts-reaction-on-elon-musk-twitter-orig-ht.cnn-business/index.xml","videoId":"business/2022/04/15/late-night-hosts-reaction-on-elon-musk-twitter-orig-ht.cnn-business","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/220415142817-late-night-hosts-elon-musk-large-169.jpg","videoUrl":"/videos/business/2022/04/15/late-night-hosts-reaction-on-elon-musk-twitter-orig-ht.cnn-business/video/playlists/business-elon-musk/","description":"Late night hosts ridicule Elon Musk's offer to buy Twitter for $43 billion, as well as Musk's claim that he wants the social media company to be a platform for free speech.","descriptionText":"Late night hosts ridicule Elon Musk's offer to buy Twitter for $43 billion, as well as Musk's claim that he wants the social media company to be a platform for free speech."},{"title":"Elon Musk calls for 'free speech' on Twitter","duration":"04:43","sourceName":"CNNBusiness","sourceLink":"https://www.cnn.com/business","videoCMSUrl":"/video/data/3.0/video/business/2022/04/14/elon-musk-twitter-ted-talk.cnnbusiness/index.xml","videoId":"business/2022/04/14/elon-musk-twitter-ted-talk.cnnbusiness","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/220405083742-01-elon-musk-0322-large-169.jpg","videoUrl":"/videos/business/2022/04/14/elon-musk-twitter-ted-talk.cnnbusiness/video/playlists/business-elon-musk/","description":"Elon Musk shares his vision for Twitter during an on-stage interview at a TED conference in Canada following his offer to acquire the social media company. CNN's Brian Stelter dissects the talk. ","descriptionText":"Elon Musk shares his vision for Twitter during an on-stage interview at a TED conference in Canada following his offer to acquire the social media company. CNN's Brian Stelter dissects the talk. "},{"title":"Elon Musk wants to get to Mars with this behemoth rocket","duration":"05:11","sourceName":"CNN Business","sourceLink":"http://www.cnn.com/business/","videoCMSUrl":"/video/data/3.0/video/business/2022/03/28/spacex-starship-elon-musk-mars-mc-scn-orig.cnn-business/index.xml","videoId":"business/2022/03/28/spacex-starship-elon-musk-mars-mc-scn-orig.cnn-business","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/210615142621-20210615-space-x-starship-sections-large-169.jpg","videoUrl":"/videos/business/2022/03/28/spacex-starship-elon-musk-mars-mc-scn-orig.cnn-business/video/playlists/business-elon-musk/","description":"SpaceX says Starship is the most powerful rocket ever built. 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Fort Lauderdale accepts proposal for Elon Musk's Tesla beach tunnel (1)

Fort Lauderdale accepts proposal for Elon Musk's Tesla beach tunnel (2)

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Washington, DC (CNN)Fort Lauderdale, Florida plans to strike a deal with Elon Musk's The Boring Company to build a tunnel between its downtown and the beach.

The Boring Company would offer rides in Teslas to hundreds of people a day for $5-8 per person, the city's leaders have said before. A similar ride in an Uber would cost about $10 per trip at current prices, according to Uber's ride price estimator.

"This could be a truly innovative way to reduce traffic congestion," Mayor Dean Trantalis said Tuesday night, announcing the plan, though the costs to the city were initially undisclosed. He said other firms will have 45 days to submit competing proposals.

    The project will be dubbed "The Las Olas Loop," a reference to a local road that connects to the beach. The Boring Company offers a transit system called the Loop, in which people in standard Teslas are driven from station to station in tunnels. Its first project opened last month at the Las Vegas Convention Center. There are plans to extend the system through more of Las Vegas.

    (Video) Fort Lauderdale agrees to build Elon Musk tunnel

      But Loop has also drawn criticism from transportation planners, who say that using cars as a mode of public transit makes inefficient use of a tunnel, which could carry a lot more people with a train or bus.

      Read More

      If the Boring Company carries hundreds of passengers a day, as Trantalis has said before, that would be fewer riders than about half of each of Broward County Transit's bus lines, which operate in Fort Lauderdale.

      Why one Florida city wants to build a two-mile tunnel to the beach

      The local government envisions the Las Olas Loop as a way to alleviate parking stress at its beach. Drivers will be able to park cars at the downtown Brightline train station, which offers intercity rail service around Florida, and then ride in a Tesla to the beach.

        "This is the type of big, bold idea that we should be exploring," Ben Porritt, a Brightline spokesperson, told CNN Business. "Good transportation is ultimately about the functionality of a city."

        The Boring Company has promised to radically reduce tunneling expenses, which can cost governments as much as a billion dollars a mile, making many projects unaffordable.

        Florida has only two tunnel projects in the state and its limestone makes it hard to optimize a tunneling machine, due to the natural holes in it, according to tunnel experts. The state also has underground aquifers, which need to be protected.

          Trantalis said this spring that the Boring Company and the city were studying the local geology to determine what path to take to the beach. Fort Lauderdale and the Boring Company did not immediately respond to a request for comment.

          Fort Lauderdale has not released specifics of the Boring Company plan, saying in a news release this month that state law prohibits doing so until the competitive process is complete.

          (Video) Tunnels in Fort Lauderdale with Mayor Trantalis

          FAQs

          Is Elon Musk building a tunnel in Florida? ›

          City commissioners voted on Tuesday to approve an interim agreement with Elon Musk's Boring Company to build a tunnel through Fort Lauderdale. The vote paves the way for studies to determine the overall cost, location, and design of the project.

          Where is Elon Musk's underground tunnel? ›

          The first passenger station in the “Vegas Loop” network of vehicle tunnels that's being built by Elon Musk's Boring Company was revealed Thursday. The station is situated underneath Resorts World Las Vegas, the first in what is expected to be 55 stops along 29 miles of tunnels.

          Why is Elon building a tunnel? ›

          Elon Musk's Boring Company wants to build a network of underground tunnels to transport people and cargo around cities. It's just raised $675 million to push further toward that goal. The Boring Company said late Wednesday that it raised the fresh funds in a Series C funding round valuing the firm at $5.675 billion.

          Can you drive through the Tesla tunnel? ›

          Behind it is tunnels rather than roads to get around the city this was an idea he presented many

          Is there an underwater tunnel in Florida? ›

          The Port of Miami Tunnel (also State Road 887) is a 4,200-foot (1,300 m) bored, undersea tunnel in Miami, Florida. It consists of two parallel tunnels (one in each direction) that travel beneath Biscayne Bay, connecting the MacArthur Causeway on Watson Island with PortMiami on Dodge Island.

          Are there any tunnels in Florida? ›

          The New River Tunnel, officially known as the Henry E. Kinney Tunnel, is a highway tunnel that carries U.S. Route 1 underneath the New River and Las Olas Boulevard in downtown Fort Lauderdale. The tunnel replaced the Federal Aid Highway Bridge, a drawbridge opened on August 26, 1926, and closed in 1958.

          Is the Vegas Hyperloop open? ›

          (FOX5) - Teslas are taking on a new tunnel: the long-awaited Vegas Loop station at Resorts World is now open, and it marks the first of 55 planned stations to expand beneath the Strip, downtown, and beyond. “To be the first one means a lot,” said Scott Sibella, President of Resorts World.

          Does Elon own PayPal? ›

          Musk no longer holds a stake in PayPal. He exited his position after the sale of the company and used his proceeds from the sale to fund investments such as SpaceX, Tesla, and SolarCity.

          How long is Tesla tunnel? ›

          The Boring Test Tunnel is a 1.1 miles (1.8 km) tunnel in Hawthorne, California for testing hyperloop and loop-based transportation.

          What is the point of the Tesla tunnel? ›

          Las Vegas has approved the extension of Elon Musk's new project: the Las Vegas Loop. This loop of underground tunnels will be able to transport you across Sin City in a Tesla at a low cost. The vision: In 2021, the Las Vegas Loop was approved by Clark County commissioners.

          Does Las Vegas have a Tesla tunnel? ›

          An underground tunnel connecting the Las Vegas Convention Center Loop and Resorts World has opened, with drivers in Tesla electric vehicles shuttling guests nonstop between destinations in just minutes.

          Will The Boring Company go public? ›

          The Boring Company IPO date is currently unknown. As of 2022, there have been no indications that the company will go public in the near-term. Its April 2022 Series C funding round provide ample capital to hire talent for company growth.

          How much does the Tesla tunnel cost? ›

          LVCC Loop's cost was approximately $47M (firm fixed pricing) for the two tunnels and three stations (two surface and one subsurface).

          Is the boring tunnel safe? ›

          The Boring Company has touted the safety features of the loops. The company's website says that the tunnels have "no internal touch hazards (e.g. a 600 volt third rail), enabling safe evacuation, minimizing potential fire sources, and eliminating any dangerous effects of (unlikely) water intrusion."

          How much did the Vegas loop cost? ›

          This marks the beginning of the city-wide loop. The Las Vegas Convention Center Loop is The Boring Company's first full-scale loop project currently in commercial use. Elon Musk's tunneling startup completed the $50 million project in just over a year.

          Does Florida have an underground city? ›

          It turns out that Florida has its fair share of tunnels too. The Floridan city of Ybor City is home to some long-lost tunnels whose purpose is still something of a mystery.

          How many underwater tunnels are in Florida? ›

          Florida has only two tunnel projects in the whole state, but Musk appears to have convinced state leaders to embrace them. Tunnels are generally considered an infrastructure choice of last resort, according to Brian Gettinger, who leads tunneling at the infrastructure company Freese and Nichols.

          What is the longest underwater tunnel in the United States? ›

          Chesapeake Bay Bridge–Tunnel
          Maintained byChesapeake Bay Bridge and Tunnel Commission
          Characteristics
          DesignFixed link: low-level trestle, 2 single-tube tunnels connected by artificial islands, truss bridges, high-level trestle
          Total length17.6 miles (28.3 km)
          13 more rows

          How deep is the Port of Miami tunnel? ›

          Depth of tunnel The bottom of the tunnels will be approximately 120 feet below the surface of Government Cut at their deepest point.

          Does Tampa have underground tunnels? ›

          The Ybor City tunnels were originally thought to have been routes for smugglers, bootleggers and gamblers. They are not very forgiving. The tunnels measure 5-feet-by-5-feet, made out of brick with wooden floors.

          Is the Vegas loop free? ›

          The Downtown Loop is a free shuttle servicing the exciting attractions in downtown Las Vegas including: Bonneville Transit Center - First Street, South of Bonneville Avenue. The Arts District - Art Way and Boulder Avenue.

          How long is Vegas Loop? ›

          LAS VEGAS CONVENTION CENTER (LVCC) LOOP

          The LVCC Loop system — a three-station transportation system consisting of 1.7 miles of tunnel — was built in approximately one year, using the now-legacy Godot Tunnel Boring Machine.

          Where does the Vegas Loop go to? ›

          The extension connects the Las Vegas Convention Center West station with a new stop underneath the Resorts World Las Vegas hotel. The Boring Company has added a fourth passenger station to its Las Vegas Convention Center (LVCC) Loop that provides direct underground access to Resorts World Las Vegas.

          What does Elon Musk drive? ›

          Elon Musk has confessed that his Tesla Model S is the car he drives the most. That shouldn't be a surprise, given that the Model S is the comfiest and most accommodating vehicle in the Tesla fleet.

          How much does Elon Musk make a hour? ›

          Elon Musk makes approximately $81.25 million per hour.

          To put it into perspective, the average person in the US makes $32.08 per hour. This means that it would take you over three thousand years to make Elon Musk's hourly pay.

          How much money does Elon make a day? ›

          Since his daily earnings for the first quarter of 2022 are an estimated $333.33 million per day, his hourly rate would be $51.30 million.

          How fast can you dig a tunnel? ›

          Based on that, one could excavate roughly 3 meters in a 24-hour period. A 500-meter tunnel could conceivably be constructed in 4,167 hours. Working 24 hours a day, it would take you 174 days to complete your tunnel. This is just under half a year, or 5.8 months.

          How deep are the boring tunnels? ›

          The second was assembled and brought online in August 2021. Boring of the first tunnel, 4,475 feet (1,364 m) long, began on November 15 and finished on February 14, 2020, excavating an average of 49 feet (15 m) per day. For comparison, the Second Avenue tunnel in New York City, averaged between 40 and 50 feet per day.

          How fast is the boring tunnel? ›

          Musk believes that the system, which could enable travel to as much as 700 mph (1,100 km/h), would be the fastest way to travel distances of less than 2,000 miles (3,200 km): From a known physics standpoint, this is the fastest possible way of getting from one city center to another for distances less than ~2000 miles.

          Is there a Vegas underground? ›

          There's 600 miles of tunnels in Las Vegas and 1,500 people living in them,” says Banghart, the outreach director at Shine A Light Foundation, a nonprofit focused on the Las Vegas homeless.

          Why are there so many tunnels under Las Vegas? ›

          Because America's most decadent city was built in a desert prone to occasional downpours and flash floods, Las Vegas has an elaborate maze of tunnels — hundreds of miles in total — to capture and redirect that water.

          Does the boring tunnel have ventilation? ›

          In the unlikely case that a fire does occur, the tunnel's redundant, bidirectional ventilation system will remove the smoke to allow passengers to safely evacuate.

          How much companies does Elon Musk own? ›

          Elon Musk cofounded six companies including electric car maker Tesla, rocket producer SpaceX and tunneling startup Boring Company. He owns about 25% of Tesla between stock and options, but has pledged more than half his stock as collateral for loans.

          How much is Elon Musk worth? ›

          How long is the Las Vegas tunnel? ›

          As The Verge notes, only 1.7 miles of the Vegas Loop are operational at the moment underneath the Las Vegas Convention Center (LVCC). That said, Las Vegas Convention and Visitors Authority CEO Steve Hill said he expects more portions serving parts of the Resort Corridor to be operational sometime in 2023.

          How much is Neuralink stock? ›

          0.000038

          How much is The Boring Company worth? ›

          Elon Musk's The Boring Company now valued at nearly $5.7 billion - CNN.

          Can I buy Neuralink stock? ›

          There is no minimum order limit. You can invest in the tokenized shares of Neuralink or any other company listed on the exchange with as little as $1. And the company will convert your funds to parts of a whole share.

          How much did the Las Vegas tunnel cost? ›

          The next stages of construction in downtown Las Vegas are also expected to begin in 2023. The 1.7-mile LVCC Loop cost approximately $47 million USD and the construction of additional stations in the future will reportedly cost between $1.5 to $20 million USD.

          How much of Neuralink does Elon own? ›

          By July 2019, it had received $158 million in funding (of which $100 million was from Musk) and was employing a staff of 90 employees.
          ...
          Neuralink.
          TypePrivate
          HeadquartersPioneer Building, San Francisco, California, U.S.
          Key peopleJared Birchall (CEO)
          OwnerElon Musk
          Number of employeesc. 300 (2022)
          5 more rows

          Has The Boring Company completed any projects? ›

          The Boring Company has landed some contracts with cities, but nothing that uses hyperloop or high-speed transport. Its most mature project in Las Vegas uses Tesla vehicles to shuttle people along a 1.7-mile section of underground tunnels at the Las Vegas Convention Center.

          How much of SpaceX does Elon Musk own? ›

          It is common for highly valued private companies to offer shares in the secondary market to introduce liquidity for early investors and employees. Reuters could not determine if Chief Executive Elon Musk, who owns 44% of the SpaceX and signed a $44 billion deal to acquire Twitter Inc (TWTR.

          When did the Las Vegas loop open? ›

          As proposed, the Vegas Loop will service Harry Reid International Airport, Allegiant Stadium, various Strip resorts and the Downtown area. Since opening to the public in June 2021, the Convention Center Loop has transported thousands of conventioneers through 0.8 miles of tunnel via battery-powered Teslas.

          How does The Boring Company work? ›

          Musk founded The Boring Company in 2017. In a video released that same year, the Boring Company teased a system in which cars and public transportation pods are lowered underground by metal platforms and proceed to zoom through tunnels at 124 mph, unimpeded by pesky traffic.

          Is Elon Musk building a hyperloop? ›

          Tesla and SpaceX chief executive Elon Musk on Monday confirmed that The Boring Company, one of its other enterprises, will work to build a hyperloop system “in the coming years”. Musk made his statement on Twitter in response to CleanTechnica journalist Johnna Crider.

          What is a hyperloop tunnel? ›

          A hyperloop is a proposed high-speed transportation system for both public and goods transport. The term was popularized by Elon Musk to describe a modern project based on the vactrain concept (first appearance 1799). Hyperloop systems comprise three essential elements: tubes, pods, and terminals.

          How much is a Tesla tunnel? ›

          LVCC Loop's cost was approximately $47M (firm fixed pricing) for the two tunnels and three stations (two surface and one subsurface).

          What is the Tesla tunnel? ›

          Loop is an all-electric, zero-emissions, high-speed underground public transportation system in which passengers are transported to their destination with no intermediate stops. Also known as "Teslas in Tunnels!"

          What are the risks of hyperloop? ›

          Two particular hazards with regard to hyperloop operations are: Total power failure; and. Large leak of air into the tube.

          Where is hyperloop located? ›

          Los Angeles, California, U.S. Hyperloop systems are intended to move passengers and/or cargo at airline speeds at a fraction of the cost of air travel.

          How far away is hyperloop? ›

          Musk believes that the system, which could enable travel to as much as 700 mph (1,100 km/h), would be the fastest way to travel distances of less than 2,000 miles (3,200 km): From a known physics standpoint, this is the fastest possible way of getting from one city center to another for distances less than ~2000 miles.

          How much does a hyperloop cost? ›

          In 2016, leaked documents estimated the cost of a Hyperloop line at $121 million per mile – yet Elon Musk pledged $11.5 million per mile in 2013. Even if engineers successfully manage to cut costs, it seems unlikely that they'll reach the same passenger capacity as the train.

          Does any country have hyperloop? ›

          India is not the only country seeking to pioneer hyperloop technology. Plans are being developed to link Dubai and Abu Dhabi with a hyperloop. Mexico City and Guadalajara are also hoping to be one of the first to showcase the new technology. The project has also received significant political and governmental support.

          Is the hyperloop faster than a plane? ›

          It's 3 1/2 times faster than Japan's Shinkansen bullet trains and even faster than a Boeing 747. It's a hyperloop – magnetic pods levitating inside a tube at more than 1,000 kilometers per hour.

          How much is the Vegas Tesla loop? ›

          “When there's not a convention we'll close the station. But who knows, down the road, eventually people can take it maybe seven days a week, but for the time being it's when a convention's here,” said Sibella. Riders can experience the joyride for $1.50, or buy a day pass for $2.50.

          Does Las Vegas have a Tesla tunnel? ›

          An underground tunnel connecting the Las Vegas Convention Center Loop and Resorts World has opened, with drivers in Tesla electric vehicles shuttling guests nonstop between destinations in just minutes.

          How long is Tesla tunnel? ›

          The Boring Test Tunnel is a 1.1 miles (1.8 km) tunnel in Hawthorne, California for testing hyperloop and loop-based transportation.

          Is the boring tunnel safe? ›

          The Boring Company has touted the safety features of the loops. The company's website says that the tunnels have "no internal touch hazards (e.g. a 600 volt third rail), enabling safe evacuation, minimizing potential fire sources, and eliminating any dangerous effects of (unlikely) water intrusion."

          How do Tesla tunnels work? ›

          Inside Elon Musk's underground loop tunnels in Las Vegas - YouTube

          What is Elon Musk net worth today? ›

          Elon Musk's net worth

          His current estimated net worth of $254 billion has grown tremendously since the start of 2020, when it stood at about $27.6 billion, according to Bloomberg.

          Videos

          1. Fort Lauderdale Commissioners Vote 4-1 In Favor Starting Negotiations With Boring Company To Build T
          (CBS Miami)
          2. Ft. Lauderdale mayor: Musk tunnel will be an ‘experience in and of itself'
          (Fox Business)
          3. Fort Lauderdale Boring Company City Commission
          (Warren Redlich)
          4. The Road to Nowhere (w/ Paris Marx)
          (GRIFTONOMICS)
          5. Elon Musk said Tesla Cybertruck will have 4-wheel steering like Hummer EV’s ‘Crab mode’
          (Quick Tesla News)
          6. Elon Musk's Loop is a Bizarrely Stupid Idea
          (Adam Something)

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