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Musk’s Boring Co. invites 10 lucky hat buyers to tour LA tunnel and drive boring machine
After making a fully-functioning flamethrower, Elon Musk’s The Boring Company seems to be continuing in its efforts to make true to its promises. Back in December, Tesla, SpaceX, and The Boring Co. CEO Elon Musk announced that ten lucky buyers of the tunneling startup’s hats would be given the opportunity to tour the firm’s ongoing LA tunnel project and drive one of the company’s boring machines. Now, it appears like the selection of winners for the exciting prize has begun, and at least one winner has been selected.
In a post on the r/BoringCompany subreddit, one of the online community’s members noted that he received an email stating that he was selected as one of the ten lucky hat buyers who will be taking the special LA tunnel tour. The redditor admitted that he initially had reservations about the legitimacy of the email from the tunneling startup, as he suspected that the message could have been accidentally broadcasted to all 50,000 buyers of The Boring Co. hat. When other members of the community confirmed that they did not receive the same message, however, speculations became high that the email might very well be legitimate.
One of the things that immediately struck the members of the online community was the fact that the message came from The Boring Company’s email account, hat@boringcompany.com. The tone and wit in the prize-announcing email were also very similar to the usual rhetoric adopted by the Elon Musk-led tunneling startup. Here is the text of the email, as shared by the lucky winner.
Subject: The Boring Company Tour
Hi,
Congrats! Per Elon’s tweet, you’ve been randomly selected as one of ten lucky hat aficionados invited to tour The Boring Company’s LA tunnel, drive our boring machine and attend our Hyperloop Competition weekend this summer!
Expect to receive more information in late February as to the specific dates. Note that, if you choose to attend, you will need to cover your own transportation and accommodation costs.
Bring some shoes you’re comfortable getting dirty… and your hat, of course.
A screenshot of the email could be viewed here.
The announcement message, if it does indeed prove to be legitimate, reveals a lot about the experience waiting for the ten lucky hat buyers that would be picked for the unique tour. For one, it seems like those selected for the prize would not only be touring the LA tunnels and driving the boring machine; they would also be attending the upcoming Hyperloop Competition.
The dates for the Hyperloop Competition have not been announced, though official documents for the event state that the finals would be held sometime this summer. In this respect, the timeline in the announcement email and the schedule of the Hyperloop event matches perfectly.
As could be seen in the recently shared email, The Boring Company would not be shouldering the transportation and accommodation expenses of those who will be invited for the special LA tunnel tour. Considering the experience waiting for the remaining winners of Elon Musk’s fun hat raffle, however, at least nine more buyers of The Boring Company hat would definitely have an experience that is truly unforgettable.
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
