Elon Musk's Boring Company is nearing completion of its first tunnel near SpaceX headquarters in California.
"Pending final regulatory approvals, we will be offering free rides to the public in a few months," Musk wrote. "As mentioned in prior posts, once fully operational (demo system rides will be free), the system will always give priority to pods for pedestrians & cyclists for less than the cost of a bus ticket."
Personally I cannot wait to get more information on one of the most exciting, ambitious, digging and transportation Projects in all of history...
Elon Musk's fame used to be a huge advantage for Tesla — but now it's becoming a problem
### Meanwhile... Some of the latest hard numbers on Tesla & Musk
Tesla reported first-quarter earnings and lost over $700 million in three months.
CEO Elon Musk, who is supposed to be sleeping on the floor of his factory in California, flipped out on an earnings call, silencing two analysts and taking 20 minutes of questions from a YouTuber who owns less than 100 shares of Tesla stock and pitched his insights to Musk via Twitter.
The stock tanked.
Musk got on Twitter to attack the offending analysts as instruments of short-sellers; neither has a drastically bearish view of the stock, and both have hold ratings.
The stock bounced back.
Musk warned short sellers that they were in for a world of hurt.
He then spent about $10 million of his own money— more likely obtained via loans pledged to his stake in Tesla as collateral — to buy up more Tesla shares.
Production of Tesla's Model 3 sedan continued to languish well below Tesla's previous production targets, and the company continued to throw people at the problem with 24/7 manufacturing.
Musk again declared that Tesla, spending a billion per quarter to run the business, but with just $2.7 billion in cash on hand, won't need to raise new funds in 2018
Please be Steemit-active and leave a comment with your opinion, questions.or the latest dish of information on the dig.. Positive and Negative cmoments please :) Engage People