TPC - Can The Boring Company make inroads after opening Las Vegas Loop?
Mixed reviews are pouring in for The Boring Company's first operational tunnel, which opened last week under the sprawling Las Vegas Convention Center. Teslas shuttle visitors from one end of the complex to the other, reducing a 45 minute walk to a two-minute underground ride that's surrounded by glitzy lighting. The 1.7-mile stretch (each tunnel is less than a mile) was built at a cost of $47M, plus another $5.5M paid to third party inspectors. The project could eventually expand along the Last Vegas Strip, and to Allegiant Stadium and McCarran International Airport.Flashback: The Boring Company started from Elon Musk's grand vision of revolutionizing transit. In 2016, he got fed up with the gridlock in Los Angeles, tweeting he was "going to build a tunnel boring machine and just start digging." The idea was to design intra-city ("loop") transit systems for passenger vehicles, which could eventually transition to autonomous cars
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Can The Boring Company make inroads after opening Las Vegas Loop?