Elon Musk to offer $1 rides in Boring Company tunnels

Elon Musk.   Screenshot via YouTube  The Boring Company

Elon Musk. Screenshot via YouTube The Boring Company

Musk's project has picked up a key partner in the LA Metro, the city's public transportation provider.

Billionaire entrepreneur Elon Musk will headline a town-hall style meeting in Brentwood on Thursday, May 17, where the public will have the opportunity to ask the visionary himself about his plans to build a futuristic, all-electric transit system underneath Los Angeles.

To get moving towards this "Loop" vision, the company will begin with a 2.7 mile test tunnel on private property with private funds. Previously, the city was anxious about the Boring Company coming in conflict with its own tunnel plans, though the exact details of this partnership are still unknown. Elon Musk seems to think so.

In a statement posted, the MTA said it would coordinate with The Boring Company on a test tunnel under Sepulveda Boulevard. The project would involve hundreds of entrances where travelers in pods could descend to the network of tunnels that will shuttle them at high speeds across the city.

Locals have expressed some practical concerns, like whether it is safe to dig beneath a region that's prone to natural hazards like earthquakes, and whether underground utilities would be affected.

The concept is to pack no less than 100 passengers per flight on a brilliant highly effective rocket that Musk has dubbed the BFR - which is about two-and-a-half occasions the dimensions of the Falcon Heavy rocket that put a Tesla into area in February (by chance overshooting the orbit of Mars).

You won't have to wait much longer for that Boring Company flamethrower. Just last month, SEC documents were filed detailing that Musk's Boring Company had raised just shy of $113 million.

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On that note, Musk talked about one transit concept, called Loop, a zero-emissions high-speed transit system that could travel up to 150 miles per hour, and carry passengers from downtown LA to the Los Angeles International Airport in eight minutes. The clincher, however, is the $1 fare that Musk plans to charge passengers.

"Highways are at the outer limit of their capacity", Musk said, adding that there are physical limitations to how wide transportation districts can expand a freeway.

Part of the event was created to put to rest concerns that the public wouldn't be disrupted by the project.

"You won't hear us, you won't see us, you won't feel us".

"We are going to do everything right".

Possibly at some point quickly we'll discover out.

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