Dec 29, 2019

Elon Musk hopes Boring Co. Las Vegas tunnel to be operational in 2020

Elon Musk unveils the Boring Test Tunnel in Hawthorne, Calif., in December 2018. Photo: Robyn Beck-Pool/Getty Images

Elon Musk tweeted late Friday that his startup Boring Co. will have a transportation tunnel it's building in Las Vegas "hopefully fully operational in 2020."

Why it matters: Per Axios' Joann Muller, Vegas is the first paying customer for Musk's hyperloop idea aimed at easing traffic woes in highly congested cities, which began as a joke tweet in 2016. The transit system would shorten what would be a 15-minute walk to a one-minute ride.

The big picture: Boring Co. announced in November that the convention center tunnel would be completed by January 2021. Preliminary work on the $48.7 million project, including pit construction, began in September.

  • The Vegas tunnel is the firm’s "only major project so far other than a mile-long test tunnel in Hawthorne, California," Bloomberg notes. But Musk indicated on Twitter more projects were in the works:

Go deeper: In photos: Elon Musk reveals Boring Co.'s underground tunnel

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A tale of two carmakers: Tesla overcomes Nissan

Data: FactSet; Chart: Axios Visuals

Former Nissan chairman Carlos Ghosn was in pugnacious form on Wednesday during a 145-minute press conference in Beirut, at which he proclaimed his innocence while simultaneously bemoaning the underperformance of the Nissan share price.

By the numbers: Since Ghosn was arrested in November, Nissan's enterprise value has declined to $85 billion from $96 billion, a rate of roughly $36 million per trading day.

Go deeperArrowJan 9, 2020

Tesla short sellers wish Elon Musk had funding secured at $420

Data: Money.net; Chart: Axios Visuals

Tesla has been among the most derided companies in the world, but CEO Elon Musk has been getting revenge against hated short sellers since the electric car company's June swoon.

Why it matters: Many probably wish Musk had taken the company private at $420 a share, as he said he would in an August 2018 tweet in which he claimed to have "funding secured" for the move.

Go deeperArrowJan 14, 2020

SpaceX launches 60 more Starlink satellites

A screenshot of Monday's SpaceX satellite launch. Photo: SpaceX

SpaceX launched another 60 of its internet-beaming Starlink satellites to orbit from Cape Canaveral Monday night.

Go deeperArrowJan 7, 2020