Tesla CEO Elon Musk unveiled new details about his futuristic tunnel-boring project during his TED Talk on Friday. Musk's latest venture, the Boring Company, led by SpaceX engineer Steve Davis, is working closely on building a network of underground tunnels in Los Angeles that would transport cars on an electric skate.
According to a source, the skate would propel cars through the tunnel at a maximum speed of 130 mph fast enough to get from Westwood to Los Angeles in just five minutes. Musk showed the very first visualization of the project during his TED Talk. A car would pull into a metal container that could then transport it underground.
Musk has explained that the underground network will include as many as 30 layers of tunnels that could accommodate cars and a Hyperloop. The Boring Company is currently creating a demo tunnel in SpaceX's parking lot, however, it would need permits from the city of Los Angeles to extend beyond the property line. Musk has already acquired the domain name BoringCompany.com.
Musk is juggling some few projects on top of the Boring Company and that includes Tesla's upcoming Model 3 launch and the release of a solar roof product. He also unveiled an artificial-intelligence company, Neuralink, while being the CEO of Tesla and SpaceX. Moreover, Musk said the Boring Company was taking only "2 or 3 percent" of his time. Interns and Tesla employees are working part-time on the project only.
Furthermore, given Elon Musk's track record when it comes to introducing practical innovations created on remarkable tech, it clearly looks like it won't be long before Elon Musk's Boring Company starts building as much buzz as any of his other ventures. Certainly, the first step to that is adding a store to the website so that they could start selling some of that cool merch Musk showed off last month.