funding round came shortly after the company landed its first paying customer: the Las Vegas Convention and Visitors Authority.
The Las Vegas Convention Center Loop opened to the public in June. The 1.7-mile stretch of underground road cost the convention authority $52 million and took the Boring Company about 18 months to complete. It marked the company's first completed public project, but many of its other proposed projects have hit dead ends.
"Many construction professionals will tell you that, you know, it's not the speed of the tunnel boring that you need to worry about. It's the environmental review. It's the bureaucratic procedure. It's the permits," says NBC News' Cyrus Farivar, whoDespite the challenges, cities such as Miami and Fort Lauderdale, Florida, seem eager to partner with the Boring Company.
"We have now spoken with the Boring Company about building a 2.2-mile tunnel from our railroad station, called the Bright Line Station, which is in the middle of the city, all the way to the beach," Fort Lauderdale Mayor Dean Trantalis told CNBC. "And it would be two tunnels, one going east, one going west. And the business model is that you have Tesla vehicles with drivers that ferry you under the streets, through to the beach, completely eliminating all the traffic.
Trantalis said that rough estimates from the Boring Company put construction costs between $10 million and $15 million per mile, not including the cost of the stations. Details are still being worked out, but users of the tunnel would likely pay a fee for the service. The city is taking other bids for the project, but Trantalis said Fort Lauderdale already worked out a lot of the bureaucratic hang-ups that caused the proposed Boring Company projects to falter in other cities.
Price cuts impact operating margins, it's just a fact.
Time to retire this tweet that's continually on rotation cnbc
Another BS project, just ask Fort Lauderdale.
NUMBY ? Not Under My Back Yard … !
If he does I might go back to thinking he’s a genius.
No, this will never be successful and he’s already said it was a ploy to stop high speed trains
No, No it can't. It's a stupid idea. moving the traffic jam underground doesn't make it go away.
I want to know how in the hell does Ukraine get low on ammunition?
instead of planning the best route, they planned through/around inner cities. it was designed to appease white people w/ construction not going thru their neighborhoods that's why there's traffic
No pressure
No, it’s a ridiculous boondoggle meant to drive public interest away from affordable, workable public transit solutions like high speed rail in order for him to sell more cars. Stop doing this.
Nope.
We are NOT driving to work! We are WORKING FROM HOME! Elon Musk: GET WITH THE PROGRAM!
Please explain all the biblical types of messages being coordinated on media platforms? Are you warning us?👀
elonmusk is a true visionary, but I'm not seeing this work
No
Well at least elonmusk is trying. I don’t see anyone else doing anything about it.
No, it's a scam.
NO
We don't need a tunnel if work can be done remotely. Tunnel for peasants/serfs and flying cars for rich ?
Spoiler: it cannot.
tl;dr: no. a single file line of tesla only tunnels is a government money grab, not a congestion solution.
I hope not. I want Californian souls to be destroyed
Of course he can fix the soul destroying traffic with tunnels.
Short answer. No. Soul destroying taxi ride traffic in tunnels.
Boycott Tesla
No, he can't. He's just trying to reduce the possibility of high speed rail so he can produce more Teslas
Just don't live in a big city. Problem solved.
Wow, this report had almost no information in it.
As Above So Below
No
No. Trains do that.
No.
Of course. Why wouldn’t a sewer tunnel with neon lights fix traffic?
No. It cannot.
Stop with this gaslighting, the Boring company has done no such thing. It is strictly a PR move to derail the expansion of public transportation.
Elon Musk is a fraud. The Boring Company is a scam.
his actual goal is to disrupt mass transit projects with vaporware
Not improbably he knows how, maybe🤞
We want a European size rail network. Like we use to have but fast trains. Subways for cars will not solve traffic.
No. It’s a con.
Is elonmusk The Boring Company so boring that you guys just to love to destroy his good work? Would any of you do a better job then Elon Musk? Would you have any idea and the finance to do it? If you don't think you can fix the problem of trafficking then you all need to hush.
No.
No
Not likely.
I’m sure his boring company would be functioning a lot better if the Democrat party wasn’t trying to now destroy his recent purchase of Twitter
No and he’s already admitted it was just a ploy to get California to stop the high speed rail
No
its already turned out to be a lie. he hyped this company so that California wouldn't invest in high speed rail/transit, so people would keep buying his Tesla.
We believe in King Elon 👑 👑👑 🇺🇸🇺🇸🇺🇸🙌🙌😎😎
CNBC still trying to take Elon down.
This was a total fraud, designed to prevent CA railroad building. Rail roads lessen the need for cars electric or otherwise.
Yup, he’ll solve traffic by building single lane unidirectional tunnels where human-driven Tesla cars can shuttle 4 ppl max at a time at 29mph. Revolutionary if you ask me. Total game changer
uhm, no
His goal is to destroy public transit projects. They aren’t building a stupid tunnel to drive teslas on rails in.
The company ghosts cities after signing contracts with them. This is a scam
Speeds up 760 mph. Wow, we thought Teslas on fire and running over people were bad.
I feel like he’s just putting soul destroying traffic underground, where you can’t see the sun. Soul destroying +
What a toothless fluff job. The Boring Company is a total joke. By far one of Musk's greatest example of over promising and under delivering.
Flying cars digging tunnels
I like how he’s making MAGA hats and Libs of TikTok bumper stickers free with every tesla
elonmusk public need a more efficient public transportation and an incentive for using public transportation rather than an individual car speeding through a tunnel. ✌🏻
Did Musk just invented tunnels?
Elmo is a fraud.
No, it’s all marketing.
Boring
No
These people use big words that really mean NOTHING.. There's no such thing like soul destroying traffic - unless you don't have a soul in the first place
No, it can't. How could that possibly work?
Nope
Is anything Elon can't achieve?
Short answer: no. Elon will get sidetracked by promoting conspiracy theories about underground mole people who are secretly globalists.
More likely to solve traffic by boring into my asshole
No one believes anymore. You have an agenda that doesn't include the truth. How many ex-'twitter' employees are you going to interview today. LMAO!!!
This is a sham company just like Twitter is now , where’s the bots ?
Absolutely not - it's a terrible idea. Dead in the water.
edgarhuffman_ Am lucky I also invested with the reliable and secure company were I have been earning profits daily
Elon Musk made smaller tunnels. He found a way to make tunnels worst and still got a ton of government funding because he promise it will cost least to his competitors while saying it can transport more which it did not do that
It will help in some local areas
Lol....by moving the traffic jam underground
One line more will fix it 😂
No
Another “genius” idea from Elon. Afucking tunnel. You know how solve traffic? It’s called public transportation.
how many times you’re going to tweet the same thing?
Do you ppl jus try to trash anyone who doesnt agree with your bs like your crypto crash. You guys cant read a chart jus puppets for insider traders the Pelosis amd crackhead hunter and 10% Joe Concast
You need more super fast electric trains that would carry more people instead of single owned unavoidable electric cars. Trains will also be environmental friendly and create more jobs. That's a better plan.
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The man is NUTS
nope! Thanks for asking I guess, tho
The way things are going, I would think twice before letting him bore a whole underneath my city.
I certainly hope they have battery fires in the tunnel figured out. That can cause a nasty chain reaction leading to many casualties.
Elon is Techno-Trump
No, he over promises and under delivers as normal
N F W.
Dude is too busy trying to buy a low profit social media company.
No
When are people going to wake up and realize that Musk pushes simple solutions that sound good to the idiot hordes. In reality, he is as deep as a bird bath.
Of course. Way better than idiotic subways that cost billions.
No way. Another one of his “sounds good”, yet epic fails. Someday people will see PT Musk for who he is.
When do we all realize elonmusk is just trolling us all and waiting to see how long until we notice?
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Elon has smoked himself stupid.
He should learn about public transport
Dumb and dangerous waste of money.
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Solving traffic by making a single car wide tunnel underground. lol
This is so fucking stupid.
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Dear elonmusk Build tunnels, but big ones pls. At least 4 lane wide and accomodating truck height ✅
The 'Boring Company'? How boring. 😔😴💤
elonmusk can do it. I believe him and support his terrestrial and extraterrestrial projects. 🙏
tl;dr: No.
Those costs include planning and the fact that they have to deal with skyscrapers overhead that rely on bedrock not being undermined by stupidity.
Good afternoon Mr. Elon, I come through this message to offer you 474,000,000 tones of carbon credit that I'm doing the project and need to market to provide social assistance to 1,800 people in the area, I count on your company, Leo.jlle1978gmail.com
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POTUS please Give infrastructure money to Elon to solve traffic problems for much less time and cost
bro that loop is biggest waste of money, i bet only the rich will be using it
LOL Yeah Build tunnels under ground so when you have Earth Quakes people die Via getting CRUSHED. Instead of building New stuff with gobs of money why not refurb the Tunnel systems you already have, AKA Subway Systems? Stop using Earth as a test bed for Moon & Mars Applications
Stop promoting him.
You know how you disrupt 'soul destroying' traffic? By ELIMINATING the traffic altogether! You do that by NEVER returning to a physical office again for work and NEVER returning to a physical school again to learn. You Go virtual and you STAY virtual! (This isn't rocket surgery)
How anything this is 'boring' be good?
It’s literally a subway tunnel that can’t fit 2 cars side by side…why don’t we just invest in public transport like trains and subways that can carry hundreds of people at a time?
Clown idea.
I wonder how many bomb shelters he has and where they are 🤔
Why not build a better mass infrastructure for commute ! Maybe it could be like a train that could travel underground and connect places via tube like tunnels It could be called a tube ! Dam it London already has it. 🤣🤣. Much better for the planet and people!
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Nope
'The Boring Company' Money makes many things, thank God elonmusk, you didn't name it as 'azz hole company' 🤣🤣
Would be great if $TSLA adds a pop-up flame thrower option to future Tesla EVs.
No doubt about it, we can't continue to follow the worst drivers forever
no
Underground subway is everywhere in many Asian cities Hong Kong has a very extensive subway system
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No
No, it can’t.
nice
All the traffic problems people complain about are caused by their own overpopulating of this tiny planet stop breeding and traffic will get a lot smoother
No. He is a car salesman.
Spoiler: No.
$ZM Already disrupted traffic. The answer lies in Zoom
LA needs a bigger metro system
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Instead of trying to solve a problem with thinking like this, Why don't you solve what the REAL Problem is..... OVER-POPULATION.. So there are just 2 ways to solve that problem Create cities in areas that can hold the people even though they may not be the greatest places to live
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CNBC getting ready for their next pump.
Spoiler: He can’t.
Despite comic book character depictions, the world isn't going to be saved by the billionaires who caused the problems to begin with.
After hearing about the possibility of a high speed underground rail from Cleveland to Chicago in 30 minutes. I can only hope it works out. Never been to Chicago, and really don’t want to waste an hour and a half in a plane, or almost 5 hours driving.
kuku27 Your opinion is invited
good
lol how is this still a thing