Finance

Elon Musk says he will reveal more about the Boring Company’s plans on Thursday


Elon Musk will discuss The Boring Company’s plans for Los Angeles on Thursday, according to a tweet he wrote on Wednesday.

“Will be presenting & taking questions about The Boring Company plans for Los Angeles at 7pm on Thursday,” he wrote.

Musk didn’t specify which time zone he was referring to, though Musk and his companies are based in California.

The Boring Company did not immediately respond to a request for comment.

When asked by a Twitter user if the event would be streamed online, Musk wrote, “Yes.”

Musk also hinted at how a Boring Company Hyperloop could involve SpaceX, his space exploration company.

“Boring Company Hyperloop will take you from city center under ground & ocean to spaceport in 10 to 15 mins,” Musk wrote in response to a tweet quoting SpaceX COO Gwynne Shotwell.

Musk didn’t indicate whether he was referring to a single city or multiple cities, though The Boring Company, which Musk founded in 2016 to dig tunnels for the Loop and Hyperloop high-speed transit systems, has proposed building tunnels in Los Angeles, New York, Chicago, Baltimore, and Washington, DC. The company has received approval to dig a two-mile test tunnel in Hawthorne, California, dig a 10.3-mile tunnel beneath Baltimore, and begin preliminary work in Washington, DC.

The Boring Company

On Friday, Musk posted a video of the Hawthorne tunnel on Instagram and wrote that it was “almost done.” He also wrote that The Boring Company would give the public free rides through the tunnel in the coming months, pending approval from regulators.

Hyperloop, first proposed by Musk in a 2013 white paper, would carry passengers in pods at speeds of over 600 mph. Loop resembles Hyperloop but would be used for shorter distances that require slower speeds.

In March, Musk said the company’s tunnels would prioritize pedestrians and cyclists over cars. He added that the company’s tunnel networks would also transport cars, “but only after all personalized mass transit needs are met.”

In the past year, Musk has used unconventional methods to raise money for The Boring Company, including hats bearing the company’s name and $500 branded flamethrowers. In March, Musk said the company would sell interlocking, Lego-style bricks made from rock and soil displaced by the company’s tunnel-digging machines.

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