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Elon Musk's drilling company wants $ 1 for a 150 mph loop ride



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Steve Davis, director of Elon Musk and Space X and Boring Company, talks about digging in Los Angeles.


Roger Cheng / CNET

Elon Musk finally opened the curtain to where the drilling company is going. And, well, it's definitely not boring.

The billionaire entrepreneur on Thursday showed his concept for the Loop, a "personalized mass transit" system that carries 1

6 people and covers 150 miles per hour taking you from downtown Los Angeles to Los Angeles International Airport in eight could bring minutes in a vacuum tube. His planned price for people would be only $ 1. He also said he saw tens to hundreds of small stations, about the size of a single or double parking lot, to relieve traffic in a particular location.

Musk also revealed the project details, including a 2.7-mile tunnel that runs parallel to the 405 motorway from north to south. It is privately financed and not used for public transport. He spoke to a crowd of about 750 people who populate the pews of the Leo Baeck Temple in Los Angeles, adjacent to the 405 Freeway at the Getty Center.

His comments provide the most detailed information about what he wants to do with huge underground tunnels after two years of teasing. Musk founded the The Boring Company, which spent the last year digging underground tunnels in Los Angeles to promote its vision of a new mode of transportation – and getting out of the ugly traffic in Los Angeles has made a name for itself.

"Only in this way can we tackle the chronic traffic problems in big cities," Musk said at the event. He added that over the 16 years he lived in Los Angeles, the 405 freeway "wavered between the seventh and eighth levels of hell," noting that the event had started late because of traffic.

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Elon Musk offers a new vision for Boring Company


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Musk, the extravagant tech manager who is a must-follow on Twitter has said that the Boring Company takes 2 to 3 percent of his time in the Essentially a hobby as he drives his other two – yes, two – companies, Tesla and Space X, tweeted a week ago that his first tunnel in Los Angeles is almost finished .

These tunnels are not yet part of his grandiose idea of ​​a transnational "Hyperloop" system that would carry people or things in tubes at airspeed – but at a much lower cost. At least not yet. Musk previously said that the Boring Company is involved in planned Hyperloop projects, including one for the East Coast of the United States. After introducing the idea of ​​using pressurized capsules in 2012 to navigate tubes at insane speed, Musk first let other startups go with the idea. But last year, Boring Company had been given permission to build a Hyperloop between New York and Washington DC, which signaled its intentions.

Musk telegraphed that the tunnels in Los Angeles would take a different approach. About an hour before the event, he saved a tweet from Metro Los Angeles about work on his proof-of-concept tunnel under Sepulveda Boulevard. "We will be partners who move forward," the statement said. At the event, Musk reiterated that he was working with the city and was excited to complement the city's metro system.

The idea behind this is that The Boring Company will adopt the method and model of tunneling in Los Angeles and eventually bring it to other major cities with traffic problems. "If you can build a tunnel in LA, you can build it anywhere," he said.

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The Boring company held an event in Los Angeles on Thursday.


Screenshot of Eric Mack / CNET

In March, he made an animation of people traveling in elegant minibuses that were driving on rails through the underground tunnels. He played the video again on Thursday. There were also suggestions that pedestrians, bicycles and public transport should be given priority access to the system

Musk launched the event by stating that flying cars would not work, and cast a piece of shadow on Uber . He cited the benefits of an underground transportation system, including the fact that it is weatherproof, and you can create more tracks if you want. "Motorways are at the limit of their capacity … tunnels can have hundreds of lanes, there are no real limits," he said.

He also talked about improving the actual drilling, from continuous mining to tripling, the power of the machines themselves and ways to reduce costs.

Similarly, he emphasized that this would be a safe project and that the church would not hear about tunneling. He answered questions like how safe it would be in an earthquake (it's alright).

The Boring Company, which has much, much smaller siblings to Musk's other companies, has resorted to some unorthodox merchandising for funding. The company raised $ 7.5 million and sold 500 million flame throwers with the company logo (they are expected to arrive in the spring). Musk also teased plans to sell large Lego-like stones of bored rock .

"They are really good stones," he said, triggering laughter from a crowd that was not entirely sure.

This is an evolving story. Check for updates.

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