The richest person in the world is CEO of several companies and also sits on the board from others. Here’s a look at what’s going on the boring company a company founded by Elon Musk in 2016.
What happened: Musk, who serves as CEO of Tesla Inc TSLA and SpaceX, Posted a video on Twitter highlighting a milestone for The Boring Company.
Prufrock II emerges from the ground pic.twitter.com/csamCrmAZa
— Elon Musk (@elonmusk) October 2, 2022
The video shows the test of Prufrock II dig through the ground. The video shows Musk celebrating with family and friends.
Musk said the tunnel boring machine (TBM) was tunneled from one property to another for testing purposes Prufrock II
The TBM, that is designed Tunneling at a rate of a mile a week has been in Texas for more than a year. The Boring Company previously shared an image of Prufrock II going underground in Texas in April 2022.
Related link: Why did Musk’s ‘boring company’ apply for a private access tunnel under the Tesla Gigafactory Texas?
Why it matters: The Boring Company is dedicated to solving traffic problems with loops and hyperloops.
“Our goal is to solve the traffic that plagues every major city on earth,” Musk said of The Boring Company in April 2022.
The company currently operates a tunnel system in Las Vegas, Nevada mainly uses Tesla vehicles. Customers can pay for the subway rides with different options, including Dogecoins DOGE/USD.
The Boring Company plans to increase capacity and targets at its Las Vegas operations. The company also plans to add more tunnels across the country.
One issue is scaling, something Musk admitted the company is still not there. Musk’s goal is to beat “Gary the Snail,” named after SpongeBob SquarePants’ character. The slug mocks The Boring Company with its speed, Musk previously said. The goal is to make the tunnel boring machines move faster than a snail, which can help reduce costs and…
