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Tesla Cybertruck goes inside The Boring Company Tunnel Tesla Cybertruck goes inside The Boring Company Tunnel

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The Boring Co.’s projects are making transit departments rethink above-ground travel

Tesla Cybertruck goes inside The Boring Company Tunnel (Credit: Jay Leno's Garage via CNBC)

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The Boring Company’s underground tunneling projects are widely-appealing to Transit Departments and Authorities across the United States. Because of the sustainable tone of Elon Musk’s Boring Company, along with the efficiency of an Express-based system, agencies responsible for solving the issue of public passenger transportation are considering underground options more often than ever before. Above-ground public travel options, like Monorails or buses, are being ditched for underground options, and subways are outdated and not widely considered by these agencies.

Elon Musk’s underground tunneling venture has made it from California to Las Vegas, and now, back to California again, as the San Bernardino County Transportation Authority (SBCTA) is considering a new underground tunneling project from the Boring Company. Later today, on February 3rd, the entity will consider the Boring Company’s submission for an underground tunnel that would take travelers from several different locations to the Ontario International Airport, located in Southern California. While the Boring Company has already received the equivalent of preliminary approval from the Transportation Authority, more questions are being asked to secure the tunnel’s place in the densely-populated and traffic-heavy area of Southern California.

In September 2020, the SBCTA Board of Directors approved the release of a Request for Qualifications, seeking qualified entities to submit a Statement of Qualifications for a potential tunneling project in San Bernardino County. According to documents released by the SBCTA, the tunnel will run from the Rancho Cucamonga Metrolink Station to the Ontario International Airport, procuring a design-build and transitional operate-maintain methodology that will have the two transit systems running concurrently to complement one another.

The 31-minute ride from the Rancho Cucamonga Metrolink Station to the Ontario International Airport could be expedited thanks to a new Boring Company tunnel proposal. (Google Maps)

The only thing is, not many companies with expertise in tunneling stepped forward. And by not many, only one did: The Boring Company.

The SBCTA wrote:

“In response to the RFQ, one Statement of Qualifications (SOQ), from The Boring Company, was received on November 30, 2020. A review panel was assembled involving a technical review team and an executive oversight team consisting of representatives from the City of Rancho Cucamonga, the City of Ontario, the OIAA, Omnitrans, and SBCTA. The SOQ was deemed responsive and passed all the minimum requirements of the RFQ.”

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After an initial assessment from SBCTA Board Members, the Boring Company met the minimum requirements to qualify for further scrutiny. The Boring Company’s Statement of Qualifications only received a score of 58/100. Still, more information regarding financing, timing, ridership, and how the system will operate in conjunction with the Rancho Cucamonga Metrolink Station will likely increase that score. These issues are set to be brought up during the Board of Directors meeting later today.

Ditching Above-Ground Systems for Underground Tunnels

Above-ground systems of transportation have been around for ages. Monorails, trains, and other large-scale passenger transportation systems have been aligned with cost-effective and efficient travel for decades, but a new era has come in thanks to Elon Musk. While many argue that the Boring Company’s system is a simple revision of a subway, it is far from identical. The Boring Company loops use Tesla’s all-electric vehicles for passenger transport, eliminating jam-packed, unsanitary, and oftentimes, uncomfortable situations where underground travel is offered.

Sitting in an automotive seat, likely joined by colleagues, or in some cases, complete strangers, is much more comfortable in a smaller setting, especially as the COVID-19 pandemic rolls on. Additionally, the express-system eliminates the need for unneeded stops, decreasing total travel time.

While the San Bernardino project seems to indicate that the Boring Company will work with an already-operational monorail system, other projects have completely abandoned the idea of using an above-ground Monorail system. One of the most notable is the Boring Company’s Vegas Loop. After the Las Vegas Convention and Visitors Authority (LVCVA) purchased the bankrupt Vegas Monorail system in 2020, it opened the door for the Boring Company to expand its possible tunneling to property exclusive to the Monorail.

The Boring Company has several other large-scale projects in the proposal stage, including one in Fort Lauderdale, Florida, and Chicago, Illinois. These projects are in the early stages and will be subjected to the speed at which local authorities move. Some agencies are quicker to get the ball rolling on public transit projects than others. For example, a tunnel between Baltimore and Washington D.C. would eliminate the need to travel on the Maryland Transit Authority’s Lightrail system, a cost-effective, but not time-effective, way to travel from suburbs of Baltimore County to the Nation’s Capitol. This project has been in a stalemate for several years but would expedite the travel time from Baltimore’s Camden Yards, home of the Orioles, to Washington. The Boring Company’s website indicates that an environmental review is pending.

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Underground tunnels may be the way of the future, much like electric cars. At the forefront, a South African-born entrepreneur named Elon Musk is leading the charge, changing how human beings will travel from one point to another.

The San Bernardino County Transportation Authority’s Agenda is available below, with The Boring Company’s consideration beginning on page 13.

Tbc San Bernardino Tunnel by Joey Klender on Scribd

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Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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Elon Musk

Tesla CEO Elon Musk teases Optimus job that’s straight out of Robocop

“If somebody’s committed a crime, we might be able to provide a more humane form of containment of future crime. You now get a free Optimus, and it’s just going to follow you around and stop you from doing crime.”

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Credit: @heydave7/X

Tesla CEO Elon Musk teased a potential job for the company’s Optimus robot last week that is straight out of the movie “Robocop.”

“Robocop” aimed to show a futuristic look at law enforcement in a Sci-fi thriller that was among the first iterations of how robots could be used for police work.

The 1987 film showcased an injured cop turning into an armed cyborg, and although Tesla’s Optimus won’t be a human-robot hybrid, Musk’s idea for the humanoid project is similar.

Musk said last week at the Annual Shareholder Meeting, where shareholders voted to approve his $1 trillion compensation plan, that Optimus could be the future of law enforcement, nearly revolutionizing the way criminals are prosecuted.

He hinted that Optimus could actually be used as a chaperone of sorts, arguing that it was a “more humane form of containment of future crime.” Musk said:

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“If somebody’s committed a crime, we might be able to provide a more humane form of containment of future crime. You now get a free Optimus, and it’s just going to follow you around and stop you from doing crime. Other than that, you get to do anything; it’s just going to stop you from committing crime. That’s really it. You don’t have to put people in prisons and stuff. It’s pretty wild to think of all the possibilities, but I think it’s clearly the future.”

Musk’s overall idea for Optimus is to change the way people are able to exist, from those law-abiding citizens to others who have their run-ins with the law. Instead, the Tesla CEO believes there could be a different way to handle everything, including punishment.

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It was not the only thing that Musk indicated could be changed significantly by the presence of humanoid robots, as he also said a universal basic income could be established with the help of products like Optimus.

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Elon Musk teases huge merger: ‘Trending towards convergence’

“My companies are, surprisingly in some ways, trending towards convergence.”

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Elon Musk recently amplified the thoughts of Morgan Stanley analyst Adam Jonas, who had insight into the “Muskonomy” of his potentially interconnected ventures, something that was proposed at the recent Tesla Shareholder Meeting with xAI.

Musk’s words indicate a potential strategic fusion that could serve as a blueprint for future innovation–but it is dependent on a conglomeration between the many entities the CEO serves.

As Tesla grapples with scaling Optimus and preparing for its imminent production and the development of the Full Self-Driving suite, xAI’s computational edge could provide leverage for the millions of miles of data the company accumulates, providing a more stable and accurate development strategy for the autonomous and AI efforts it has put its chips all in on.

After Tesla Shareholders voted to deny Tesla and xAI’s potential financial partnership through an investment, Jonas said it was an issue that would have to be revisited due to its importance.

xAI has the opportunity to provide an incredible strategic and financial bolstering to Tesla, especially with how important a role data plays in the development of the company’s biggest products.

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Jonas wrote in a note to investors:

“They’re gonna have to revisit this. We don’t think investors understand just how important xAI is to Tesla and the broader Muskonomy. Tesla’s relationship with xAI (financially and strategically) is deterministic to the long-term success of Tesla due in part to the natural synergies of data, software, hardware, and manufacturing in recursive loops. The values (and value systems) of both Tesla and xAI are endowed by the values of their shared creator. We believe this co-determination becomes more obvious in the next phases of physical AI/ autonomy for Tesla in the year ahead.”

Musk said, in response to Jonas’ note, that his companies are “surprisingly in some ways, trending toward convergence.”

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Mergers and shared ecosystems between companies are not new moves out of Musk’s playbook, as it has been done in the past, especially with Tesla acquiring other entities.

It did it with SolarCity in 2016 and with Maxwell Technologies in 2019. Investments between Musk companies have occurred before, too, as SpaceX dumped $2 billion into xAI last July.

He’s also said on several occasions that he could eventually bring everything together into some sort of single entity. In July 2024, he said:

“I’m not opposed to the idea in principle, but I’m not sure there is a pragmatic or legal way to merge them. There is also value in equity incentives of people at the companies being tied to that company’s accomplishments.”

This point is especially relevant now with Musk’s recently approved compensation package.

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He also said in June, during an interview with CNBC , that “It’s not out of the question” for xAI to merge with Tesla, but it would have to be approved by shareholders. Just a few days later, he said he would not support xAI merging with Tesla; however, he put it in investors’ hands.

It’s more than just a deal; it’s symbiotic. Musk being at the helm of various companies, all intertwined with one another, helps foster recursive innovation. Despite these advantages, there are still a handful of things to consider, especially from a regulatory perspective.

However, it is not competition; it’s convergence. In Musk’s universe, especially from a business sense, mergers are not endpoints, but instead launchpads for ambitions that aim to take each company from Earth to lands beyond our atmosphere.

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Elon Musk

Tesla makes Elon Musk’s new compensation package official

This is an important thing to note, as much of the media coverage regarding Musk’s pay package seems to indicate that the company and the shareholders are simply giving the CEO the money. He has to come through on each of these tranches to unlock the $1 trillion.

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Credit: @JoeTegtmeyer/X

Tesla has made CEO Elon Musk’s new compensation package official, as it filed a Form 4 with the Securities and Exchange Commission (SEC) on Monday.

The package officially gives Musk the opportunity to acquire over 423 million shares of Tesla stock (NASDAQ: TSLA), dependent on his ability to achieve twelve performance-based tranches that will bring growth to the company and its shareholders.

Tesla (TSLA) shareholders officially approve Elon Musk’s 2025 performance award

Musk’s new compensation package was approved by investors last Thursday at the company’s Annual Shareholder Meeting, as over 75 percent of voters supported the CEO’s new plan, which could be valued at over $1 trillion if he is able to come through on all twelve tranches.

The twelve tranches include growth goals related to vehicle deliveries, the Optimus humanoid robot project, and Tesla’s valuation. If Musk is able to achieve each tranche, he would help Tesla achieve an over $8 trillion market cap.

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The 12 tranches include:

  1. $2 trillion market cap + Deliver 20 million Tesla vehicles cumulatively
  2. $2.5 trillion market cap + Reach 10 million active Full Self-Driving (FSD) subscriptions
  3. $3 trillion market cap + Deliver 1 million Optimus humanoid robots
  4. $3.5 trillion market cap + Operate 1 million Robotaxis commercially
  5. $4 trillion market cap + Hit $50 billion in adjusted EBITDA (earnings before interest, taxes, etc.)
  6. $4.5 trillion market cap + Hit $80 billion in adjusted EBITDA
  7. $5 trillion market cap + Hit $130 billion in adjusted EBITDA
  8. $5.5 trillion market cap + Hit $210 billion in adjusted EBITDA
  9. $6 trillion market cap + Hit $300 billion in adjusted EBITDA
  10. $6.5 trillion market cap + Hit $400 billion in adjusted EBITDA
  11. $7.5 trillion market cap + Hit $400 billion in adjusted EBITDA for four straight quarters in a row
  12. $8.5 trillion market cap + Hit $400 billion in adjusted EBITDA for four straight quarters in a row

Achieving the twelve levels of the new compensation package would also give Musk what he’s really after: a larger ownership share in Tesla, which would help him achieve more control, something he feels is necessary for the rollout of the Optimus robot “army.”

Musk does not earn a dime if he does not achieve any of the tranches above.

This is an important thing to note, as much of the media coverage regarding Musk’s pay package seems to indicate that the company and the shareholders are simply giving the CEO the money. He has to come through on each of these tranches to unlock the $1 trillion.

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