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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)
Tesla Robotaxi is among its biggest projects currently, but many have been quick to point out the fact that the company has definitely been slow to expand its fleet.
However, there is definitely a method to that madness. CEO Elon Musk answered several concerns during last night’s quarterly earnings call that some might have about that slow rollout of the Robotaxi suite, maintaining the company’s narrative on prioritizing safety and wanting to avoid injuries to anyone, including animals.
Musk said:
“With Robotaxi, our goals are very ambitious for Robotaxi, but we do need to be cautious about causing any accidents or causing any harm to anyone. Although there are, I think, 30,000 to 40,000 automotive deaths per year in the U.S. alone, most of those do not generate any press or maybe, you never really read about almost any of those. If we injure even one person, it’ll be worldwide headline news, and regulators will immediately clamp down on our activities.
We don’t want to injure anyone. We’re going as fast as humanly possible in scaling Robotaxi, but while trying to ensure that we do not harm anyone at all, and ideally do not even run over a pet. That’s really the constraint is we want to grow as fast as possible with Robotaxi without harm to anyone.”
Tesla has maintained an exemplary safety record with its Robotaxi suite, according to internal data. VP of AI, Ashok Elluswamy, said that the Robotaxi suite has driven more than 380,000 miles unsupervised without any incidents.
0 notable incidents across over 380,000 miles traveled by Robotaxi
— Tesla (@Tesla) July 22, 2026
Analyst Colin Langan of Bank of America also pushed Tesla executives for answers regarding the company’s decision to add cities across several states with dozens of vehicles “as opposed to hundreds.”
Elluswamy said there’s a bigger advantage to do it the way Tesla has been because it ensures that its software stack “is a very general one:”
“The reason we have been expanding across different cities instead of just doubling down on a single city, is that we want to make sure that our stack is a very general one. It is a general one. We just want to both prove to ourselves and to other folks that it is working across a lot of different cities without too much effort per city. That’s what we see internally.”
In the past, we have written about Tesla’s decision to be incredibly conservative with its Robotaxi rollout, especially with the incredibly small fleet size compared to competitors. However, there really is not a price anyone can put on safety for those utilizing the platform or pedestrians, so what Tesla is doing is justified.
A year into the Robotaxi program being active, Tesla has made major strides, but many investors and fans would like to see the fleet expand as quickly as the program has to other cities and states.
Elon Musk
Tesla Semi finally has an FSD timeline and it’s waiting on the Cybercab
Elon Musk told investors Semi self-driving should start working by early 2027, per today’s earnings.
During Wednesday’s’ Tesla Q2 earnings call, an analyst asked Elon Musk when Tesla would look at autonomy for the Semi. His answer set a real timeline for the first time, noting that self-driving on the Tesla Semi is expected to start working “around the end of this year or early next year”.
Musk framed the delay as a matter of priority, not capability. Tesla’s self-driving team is currently focused on Model 3, Model Y, and Cybercab, the vehicles that make up the overwhelming majority of Tesla’s fleet. Since Semi trucks on the road remain a small fraction of that total even after the recent Nevada factory ramp, Musk said it made more sense to keep the software team’s attention on what he called “the march of nines of safety” for the higher volume vehicles first. Autonomous Semi development is “taking a bit of a backseat for the next six months or so,” he said, before adding that it “will definitely be working next year and in time for the scale-up to high production of the Tesla Semi.”
Tesla Semi’s official battery capacity leaked by California regulators
The timeline lines up with what’s already been showing up on public roads. In June, a Tesla Semi was spotted in Sunnyvale wearing a full validation rig, the same rooftop sensor array Tesla mounts on vehicles ahead of an FSD milestone.
A second unit was seen near Fremont days later with a matching camera suite and lens washers. Separately, Tesla analyst Nic Cruz Patane posted video this month of the production Semi’s exterior camera array, ten AI4 based units built directly into the truck rather than added later.
Tesla Semi AI4 cameras. The production version has 10 cameras on its exterior.
These trucks are designed to be autonomous. pic.twitter.com/GH3BamxIBQ
— Nic Cruz Patane (@niccruzpatane) April 14, 2026
Musk also gave the reason autonomy on the Semi matters in the first place, a persistent shortage of qualified truck drivers. “There is a really serious shortage of truckers,” he said on the call, framing a self-driving Semi as important both for addressing that shortage and for improving safety and comfort for the drivers running the truck today.
The timing also tracks with the Semi’s production reality. Tesla’s Q2 shareholder letter, dropped language promising the Semi would reach volume production this year. Musk pointed to 4680 battery cell output as the near-term constraint on Semi and Cybercab production. A software timeline landing in early 2027 gives Tesla’s autonomy team room to work while the hardware ramp catches up behind it.
It’s worth nothing that this isn’t necessarily a promise the Semi ships driverless next year. Musk’s own language, self-driving “working” by early 2027, describes internal validation catching up to hardware already riding on every production truck, not a public unsupervised rollout.
Tesla (NASDAQ: TSLA) reported its earnings for the first quarter of 2026 on Wednesday afternoon. Here’s what the company reported compared to what Wall Street analysts expected.
The earnings results come after Tesla reported a massive beat on vehicle deliveries for the second quarter, delivering 489,126 vehicles and building 451,758 cars during the three-month span.
This was a major shock for those on Wall Street as they anticipated somewhere around 400,000 deliveries for the quarter, and showed Tesla still has plenty of demand for its vehicles around the world and in the U.S. despite losing the $7,500 EV Tax Credit last year.
Tesla Q2 2026 Earnings Results
- Non-GAAP EPS – $0.33 reported vs. $0.53 expected
- Revenues – $28.236 billion reported vs. $26.4 billion expected
- Free Cash Flow- -$1.092B
- Profit -$ 4.751B
Tesla (beat/missed) analyst expectations, so the market response to the company’s quarter is what we will look for next.
Tesla shares closed today down just over 1 percent, trading at $374.01.
In the past, it has been anyone’s guess with what Tesla shares will do after they report earnings. Strong quarters have resulted in sharp drops, while lackluster quarters have seen the stock shoot up considerably.
Tesla will hold its Q2 2026 Earnings Call in about 90 minutes at 5:30 p.m. on the East Coast. Remarks will be made by CEO Elon Musk and other executives, who will shed some light on the investor questions that we covered earlier this week.
You can stream it below. Additionally, we will be doing our Live Blog on X and Facebook.
Q2 2026 Earnings Call https://t.co/zZS6ii2TWK
— Tesla (@Tesla) July 22, 2026
Tesla Robotaxi’s slow rollout gets explanation from Elon Musk
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