Elon Musk's The Boring Company now valued at nearly US$5.7 billion

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The Boring Company, Elon Musk's bid to beat traffic by putting Teslas in tunnels, has raised US$675 million, which it plans to use to build more of its Loop projects.

"We're still very enthusiastic, and want to move forward," Fort Lauderdale Mayor Dean Trantalis told CNN Business on Thursday.

Musk, the CEO of Tesla, previously pitched a more grandiose vision for the Boring Company, with people being whisked through cities in dedicated autonomous vehicles at speeds up to 120 mph. But the reality so far, in Las Vegas at least, has involved human drivers operating what resemble standard Teslas at 35 mph.

 

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But is that asset value or profit value

🤣🤣🤣 right. Tesla is to lazy to fix their self driving technology. Having teslas doing 120mph in a tunnel with failed technology is so smart

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