Vegas tourism board backs $49M Elon Musk transit system

A company backed by tech billionaire Elon Musk has been awarded a nearly $49 million contract to build a transit system using self-driving vehicles underneath the Las Vegas Convention Center.

People would be transported underground on self-driving electric vehicles from three types of Tesla Model X chassis. The system will be capable of transporting up to 16 people at time through parallel tunnels, each running in a single direction. The twin tunnel system will run less than a mile long.

The company plans to immediately pursue permits to start construction in September. It aims to debut the system by December 2020. Las Vegas Mayor Carolyn Goodman cast the only vote against the project. At a meeting last week, she cited concerns about hiring a company that has yet to deliver a transit system.

…

Ver iRobot-ish.

The rich keep getting richer.

Make sure the cars can do what they are supposed to, extreme testing.

4K passengers per hour is insane😍

Again Private sector has the answers...not our bloated inefficient and wasteful government.

Money to waste

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elon Musk's Boring Co. lands its first paying customer, a $48.6 million contract in Las VegasThe board of the Las Vegas Visitors and Convention Authority voted Wednesday to approve a $48.6 million contract with Musk's tunneling company. Can TSLA store inventory underground?
Source: CNBC - 🏆 12. / 72 Read more »

Read the email Elon Musk sent to Tesla employees calling for 'hardcore' control of expensesThe memo says that $2 billion in fresh funding would only cover 10 months of business at the company's first quarter burn rate. Elon dropping the hammer. 🤔 10 months my ass This is crazy elonmusk and you know it. You have to confront more strategic choices, or else the Tesla Board or administrators will (& should) sell you out!
Source: CNBC - 🏆 12. / 72 Read more »

Why Tesla is Not a Car Company and What You Can Learn From Elon MuskWhen I was in business school, I learned that most companies were often not in the “business” they appeared to be. It is indeed comfortable to categorize a company’s business by its industry: transportation, financial services, manufacturing...etc. Sina_Vasighi _brohammad 🤔🤔🤔 Spot on!👍
Source: Forbes - 🏆 394. / 53 Read more »