The Boring Company finds traffic tough to fix: Elon Musk: Who doesn’t know Elon Musk. He is the owner of the Boring company. Elon is very famous for making electric vehicles and reusable rockets. He is very popular for his satellites, which can beam down high-speed internet to the most remote regions of the planet. His world-famous electric car Tesla is in. People are liking it very much.
In 2016, he made some changes and set his sights somewhat lower. He wanted to make a company that can solve the traffic by making a system of underground tunnels. This was a wonderful idea.
The Boring Company:-
The Boring Company just raised $675M at a $5.675B valuation from A-list investors.
Purpose is to recruit amazing people, scale up boring machine production & build thousands of miles of tunnels.https://t.co/BpSE9syuGs
— The Boring Company (@boringcompany) April 21, 2022
He founded this company in 2017. Same year only, a video was released, in which the boring company teased a system, in which cars and public transportation pods are lowered underground by special metal platforms. The problem with tunnels was that they take a long time to build and are very expensive. According to him, “something needs to be done to revolutionize tunneling technology.” He said further,” We need to be able to make tunnels way faster and for a lot less money.”
At the event, a test rides through the tunnel at speeds of up to 50 mph, much slower than the 150 mph was done. Its video went viral. According to tantalize- rough estimates from the Boring Company put construction calculated is between $10 million and $15 million per mile. It does not include the cost of the stations. Its details are still not out. But everyone is excited to see this. And ready to even pay for this service.
Elon Musk Tweets:-
His full name is Elon Reeve Musk FRS. He is an entrepreneur, investor, and business magnate. He is the founder, CEO, and CE at SpaceX (his rocket company). He is an early-stage investor, CEO, and Product Architect of Tesla, Inc (His EV). He is the founder of The Boring Company, and co-founder of the Neuralink and OpenAI too.
He owns appx 21% of Tesla but has pledged above half his stake as collateral for loans. Within weeks of reporting a 9.1% Twitter stake in April 2022, he declined a board seat and proposed a $43 billion hostile takeover of the company.
Elon grew up in South Africa, then immigrated to Canada at age 17. He landed in the U.S. as a transfer student at the University of Pennsylvania.