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Boring Co. partner LVCVA obtains Vegas Monorail, making way for Vegas Loop expansion
The Boring Company’s partner in the Vegas Loop development, the Las Vegas Convention and Visitors Authority (LVCVA), has officially obtained the Vegas Monorail. The Monorail is the only mass-transit system in Vegas that runs parallel with the Strip, but it went bankrupt due to the COVID-19 pandemic. After the bankruptcy, the LVCVA purchased the Monorail system for $24.2 million, and it opens the door for the Boring Company to look at a possible expansion in the future.
“We are pleased the U.S. Bankruptcy Court today approved the sale of the Las Vegas Monorail Company’s assets to the LVCVA and look forward to the close of the transaction in the coming weeks,” LVCVA CEO Steve Hill said.
According to a report from NBC Affiliate News 3 LV, the sale of the Monorail was finalized on November 24th, and the LVCVA officially obtained the rights to run the system and handle its territories. Because the Monorail had rights to certain areas, other transportation options, like the Boring Co.’s Vegas Loop project, could not travel within certain areas of the Sin City. However, the LVCVA’s purchase of the project will now give the company and its entities a full range of options to expand in any area.
An exclusivity clause had previously halted any other companies from operating in the Monorail’s territories. But now, that is a thing of the past.
“Again, it’s the Boring Company and others that – what technology is out there, be it light rail, BRT (bus rapid transit), to be able to come in and expressly from the private sector invest in that corridor,” LVCVA Board Chairman Larry Brown said in July.
-->Entities like the Boring Company, who have ideas to revolutionize visitor travel in Las Vegas, have long sought to improve the situation. Still, the exclusivity clauses have become problematic for expansion. It has more or less become an issue of owning the rights to certain properties, which has helped alleviate the monopolization of public transportation in the area. However, this creates a bind for tourists and residents, as there would have been multiple tickets to buy and the tedious task of switching from one mode of transportation to another. Ultimately, it would have caused more harm than good if visitors were forced to do this.
The Vegas Monorail had exclusivity rights to the stops marked by the blue line. (Credit: Las Vegas Monorail)
Now that the LVCVA officially owns the rights to the Monorail and its territories, the Boring Company can begin to speculate that its expansion attempts could be approved. The Tesla-operated underground system that the Boring Company plans to use could end up holding stops at nearly every tourist attraction in Las Vegas, and it would move 8,000 people every hour in record time.
However, the LVCVA plans to continue the Monorail’s operation until its lifespan comes to a close. The Authority says it expects the Monorail to last another ten years, which would allow enough time for the group to begin preparing new ways to move people around from location to location. With the Boring Co. planning to have a sizeable presence in Las Vegas, the LVCVA could likely expand the Vegas Loop to the Monorail’s territories after becoming a defunct mode of transportation.
(Credit: The Boring Company)
News
Tesla Europe rolls out FSD ride-alongs in the Netherlands’ holiday campaign
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
Tesla Europe has announced that its “Future Holidays” campaign will feature Full Self-Driving (Supervised) ride-along experiences in the Netherlands.
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
The Holiday program was announced by Tesla Europe & Middle East in a post on X. “Come get in the spirit with us. Featuring Caraoke, FSD Supervised ride-along experiences, holiday light shows with our S3XY lineup & more,” the company wrote in its post on X.
Per the program’s official website, fun activities will include Caraoke sessions and light shows with the S3XY vehicle lineup. It appears that Optimus will also be making an appearance at the events. Tesla even noted that the humanoid robot will be in “full party spirit,” so things might indeed be quite fun.
“This season, we’re introducing you to the fun of the future. Register for our holiday events to meet our robots, see if you can spot the Bot to win prizes, and check out our selection of exclusive merchandise and limited-edition gifts. Discover Tesla activities near you and discover what makes the future so festive,” Tesla wrote on its official website.
-->This announcement aligns with Tesla’s accelerating FSD efforts in Europe, where supervised ride-alongs could help demonstrate the tech to regulators and customers. The Netherlands, with its urban traffic and progressive EV policies, could serve as an ideal and valuable testing ground for FSD.
Tesla is currently hard at work pushing for the rollout of FSD to several European countries. Tesla has received approval to operate 19 FSD test vehicles on Spain’s roads, though this number could increase as the program develops. As per the Dirección General de Tráfico (DGT), Tesla would be able to operate its FSD fleet on any national route across Spain. Recent job openings also hint at Tesla starting FSD tests in Austria. Apart from this, the company is also holding FSD demonstrations in Germany, France, and Italy.
News
Tesla sees sharp November rebound in China as Model Y demand surges
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month.
Tesla’s sales momentum in China strengthened in November, with wholesale volumes rising to 86,700 units, reversing a slowdown seen in October.
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month. This was partly driven by tightened delivery windows, targeted marketing, and buyers moving to secure vehicles before changes to national purchase tax incentives take effect.
Tesla’s November rebound coincided with a noticeable spike in Model Y interest across China. Delivery wait times extended multiple times over the month, jumping from an initial 2–5 weeks to estimated handovers in January and February 2026 for most five-seat variants. Only the six-seat Model Y L kept its 4–8 week estimated delivery timeframe.
The company amplified these delivery updates across its Chinese social media channels, urging buyers to lock in orders early to secure 2025 delivery slots and preserve eligibility for current purchase tax incentives, as noted in a CNEV Post report. Tesla also highlighted that new inventory-built Model Y units were available for customers seeking guaranteed handovers before December 31.
This combination of urgency marketing and genuine supply-demand pressure seemed to have helped boost November’s volumes, stabilizing what had been a year marked by several months of year-over-year declines.
-->For the January–November period, Tesla China recorded 754,561 wholesale units, an 8.30% decline compared to the same period last year. The company’s Shanghai Gigafactory continues to operate as both a domestic production base and a major global export hub, building the Model 3 and Model Y for markets across Asia, Europe, and the Middle East, among other territories.
Tesla bear Michael Burry got blunt with his beliefs over the company’s valuation, which he called “ridiculously overvalued” in a newsletter to subscribers this past weekend.
“Tesla’s market capitalization is ridiculously overvalued today and has been for a good long time,” Burry, who was the inspiration for the movie The Big Short, and was portrayed by Christian Bale.
Burry went on to say, “As an aside, the Elon cult was all-in on electric cars until competition showed up, then all-in on autonomous driving until competition showed up, and now is all-in on robots — until competition shows up.”
Tesla bear Michael Burry ditches bet against $TSLA, says ‘media inflated’ the situation
For a long time, Burry has been skeptical of Tesla, its stock, and its CEO, Elon Musk, even placing a $530 million bet against shares several years ago. Eventually, Burry’s short position extended to other supporters of the company, including ARK Invest.
Tesla has long drawn skepticism from investors and more traditional analysts, who believe its valuation is overblown. However, the company is not traded as a traditional stock, something that other Wall Street firms have recognized.
While many believe the company has some serious pull as an automaker, an identity that helped it reach the valuation it has, Tesla has more than transformed into a robotics, AI, and self-driving play, pulling itself into the realm of some of the most recognizable stocks in tech.
Burry’s Scion Asset Management has put its money where its mouth is against Tesla stock on several occasions, but the firm has not yielded positive results, as shares have increased in value since 2020 by over 115 percent. The firm closed in May.
In 2020, it launched its short position, but by October 2021, it had ditched that position.
Tesla has had a tumultuous year on Wall Street, dipping significantly to around the $220 mark at one point. However, it rebounded significantly in September, climbing back up to the $400 region, as it currently trades at around $430.
It closed at $430.14 on Monday.
Tesla Europe rolls out FSD ride-alongs in the Netherlands’ holiday campaign
Tesla sees sharp November rebound in China as Model Y demand surges
