During a press conference held on Thursday, multi-billionaire Elon Musk disclosed further details about the Boring Tunnel. According to Musk, the underground tunnel complex, which spans 11 miles, will be able to carry passengers from downtown L.A to the airport in under 10 minutes.
Boring Tunnel Fares Set at One Dollar
On Thursday, Elon Musk, Tesla’s bigwig, was joined by Steven Davis, Loop’s project leader, to discuss the Boring tunnel.
With only several months remaining, The Boring’s Company high-speed tunnel is already considered a game-changer in terms of traffic and public transportation.
Musk himself declared that his company’s tunnel would greatly improve L.A. traffic, unlike a flying car or other means of transportation.
Still, the multi-billionaire is not short of detractors. At least two community groups have voiced their concerns regarding the purpose of the 11-mile-long tunnel.
To this end, the groups filed a lawsuit. They accused the city’s municipality of greenlighting the project too fast, ignoring a couple of unimportant things like a full environmental impact review.
Thus far, Musk managed to dodge all the bullets. As for the tunnel, based on Musk’s projections, it will be fully operational by the end of the year.
During the press conference, the Boring Company’s CEO also addressed the issue of fares.
According to Elon Musk, passengers will be charged one dollar for a trip from downtown Los Angeles to the airport.
More than that, based the project’s blueprint, the company plans on adding even more tunnels to the ‘hive’, as to cover the entire city. The transportation system will be multi-layered, meaning that it will have many ramps and loops.
Musk also declared that trains operating in the Boring Tunnel would reach speeds of up to 150 miles per second.
Investors and stakeholders are concerned about Musk’s flamboyant investments and their returns.
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