Billionaire entrepreneur Elon Musk detailed the Boring Company’s plans to build mass transit tunnels beneath Los Angeles on Thursday.
The Boring Company CEO, speaking alongside Steven Davis, a former SpaceX engineer along with Boring’s project leader, said that will the fare for the up-to-150 mph “Loop” system would likely be $1. that will will carry people coming from downtown LA to the city’s international airport, a distance of 11 miles, in eight minutes.
Conceptual images of the transit show that will taking passengers directly coming from the surface down to the underground facility, along with then sending them on through a network of multiple connected tunnels.
“This particular system is usually designed to be more like a highway along that has a bunch of off-ramps along with loops connecting to the highway, kind of like cars,” Musk said. “Almost like an autonomous underground, multi-level car system… that will costs a dollar.”
Musk is usually also the boss of electric automaker Tesla along with space exploration firm SpaceX.
He assured people from the audience that will the project would likely not be noisy along with would likely reduce traffic significantly.
“Compared to a flying car, you don’t have to worry about bad weather, you can’t see that will, hear that will feel that will, you’re not dividing communities with lanes along with we think we can make This particular definitely fun,” Musk said.
however the Boring Company’s project has been faced with criticism coming from some from the local community. Two neighborhood groups have targeted the approval of a 2.7-mile tunnel planned by the firm with legal challenges.
along with Musk himself is usually facing criticism coming from traders over his handling of a recent conference call following Tesla’s first-quarter earnings, in which he called questions coming from analysts “boring.” Some investors are concerned by how much cash the carmaker has been burning through along with question whether that will may need to raise more.
The Boring Company has also committed to more bizarre promises, coming from flamethrowers to candy.