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Elon Musk’s The Boring Company gets permit to dig in Washington, D.C.
Elon Musk’s tunneling firm, The Boring Company, has received an early excavation permit from the local D.C. government to start digging at Lot 53 New York Avenue in Washington, D.C. Once completed, the NY Ave. location could be key in the NY-Phil-Balt-D.C. Hyperloop, a system of tunnels that would enable commuters to travel from New York to Washington in just 29 minutes.
A Boring Company spokesperson noted that the New York Avenue location could become one of the underground system’s first “stations,” where passengers can access the underground system. The spokesperson asserted, however, that stations in the Hyperloop system would be designed in a different way than conventional train or subway stations.
“A New York Avenue location, if constructed, could become a station as part of the Hyperloop network of ultra-high-speed main lines and slower city loops. Stations in a Loop or Hyperloop system are small in size and widely distributed in a network. That’s very different from large-station terminals considered for train systems,” the Boring Company spokesperson told the WaPo.
The Boring Company would be working with an unnamed partner for its operations in the New York Avenue location, though there is a good chance that the startup would be working with Hyperloop One, a Los Angeles, CA company working to commercialize hyperloop technology, according to an Engadget report.
D.C. Mayor Muriel E. Bowser’s chief of staff John Falcicchio further stated that the local government is open to new ideas that could revolutionize private and public transportation. The chief-of-staff, however, noted that the mayor’s office is still in the process of gaining an understanding of Hyperloop’s technology and its implications for the commuting public.
“We’re just beginning, in the mayor’s office, our conversation to get an understanding of what the general vision is for Hyperloop. We’re open to the concept of moving people around the region more efficiently,” Falcicchio said, according to the Washington Post.
The SpaceX and Tesla CEO’s tunneling company has been approaching its efforts on numerous fronts, with the firm attempting to secure permits from local governments both on the east and west coast. While its permit from the D.C. government is a significant step forward in the Elon Musk-led firm’s tunneling initiatives, the company has been met with resistance from local officials on both sides of the United States.
As noted in a previous report, Maryland Assistant Attorney General David Stamper voiced his opposition to the digging permit granted to the Boring Company by the State Highway Administration last year. According to Stamper, the SHA was not within its rights when it gave the tunneling startup the go-signal to start its operations last October, considering that the tunnels would be transporting people, cars, and cargo.
Apart from this, The Boring Co.’s presentation and proposal to the city council of Culver City also ended in a stalemate, after lawmakers and residents aired their opposition and reservations about the startup’s tunneling project. The Culver City meeting concluded with the city council ultimately voting to hire consultants who could assess the overall feasibility, risks, and benefits of the Elon Musk-led tunneling startup’s initiatives before it can make a final decision.
Elon Musk
Delaware Supreme Court reinstates Elon Musk’s 2018 Tesla CEO pay package
The unanimous decision criticized the prior total rescission as “improper and inequitable,” arguing that it left Musk uncompensated for six years of transformative leadership at Tesla.
The Delaware Supreme Court has overturned a lower court ruling, reinstating Elon Musk’s 2018 compensation package originally valued at $56 billion but now worth approximately $139 billion due to Tesla’s soaring stock price.
The unanimous decision criticized the prior total rescission as “improper and inequitable,” arguing that it left Musk uncompensated for six years of transformative leadership at Tesla. Musk quickly celebrated the outcome on X, stating that he felt “vindicated.” He also shared his gratitude to TSLA shareholders.
Delaware Supreme Court makes a decision
In a 49-page ruling Friday, the Delaware Supreme Court reversed Chancellor Kathaleen McCormick’s 2024 decision that voided the 2018 package over alleged board conflicts and inadequate shareholder disclosures. The high court acknowledged varying views on liability but agreed rescission was excessive, stating it “leaves Musk uncompensated for his time and efforts over a period of six years.”
The 2018 plan granted Musk options on about 304 million shares upon hitting aggressive milestones, all of which were achieved ahead of time. Shareholders overwhelmingly approved it initially in 2018 and ratified it once again in 2024 after the Delaware lower court struck it down. The case against Musk’s 2018 pay package was filed by plaintiff Richard Tornetta, who held just nine shares when the compensation plan was approved.
A hard-fought victory
As noted in a Reuters report, Tesla’s win avoids a potential $26 billion earnings hit from replacing the award at current prices. Tesla, now Texas-incorporated, had hedged with interim plans, including a November 2025 shareholder-approved package potentially worth $878 billion tied to Robotaxi and Optimus goals and other extremely aggressive operational milestones.
The saga surrounding Elon Musk’s 2018 pay package ultimately damaged Delaware’s corporate appeal, prompting a number of high-profile firms, such as Dropbox, Roblox, Trade Desk, and Coinbase, to follow Tesla’s exodus out of the state. What added more fuel to the issue was the fact that Tornetta’s legal team, following the lower court’s 2024 decision, demanded a fee request of more than $5.1 billion worth of TSLA stock, which was equal to an hourly rate of over $200,000.
Delaware Supreme Court Elon Musk 2018 Pay Package by Simon Alvarez
News
Tesla Cybercab tests are going on overdrive with production-ready units
Tesla is ramping its real-world tests of the Cybercab, with multiple sightings of the vehicle being reported across social media this week.
Tesla is ramping its real-world tests of the Cybercab, with multiple sightings of the autonomous two-seater being reported across social media this week. Based on videos of the vehicle that have been shared online, it appears that Cybercab tests are underway across multiple states.
Recent Cybercab sightings
Reports of Cybercab tests have ramped this week, with a vehicle that looked like a production-ready prototype being spotted at Apple’s Visitor Center in California. The vehicle in this sighting was interesting as it was equipped with a steering wheel. The vehicle also featured some changes to the design of its brake lights.
The Cybercab was also filmed testing at the Fremont factory’s test track, which also seemed to involve a vehicle that looked production-ready. This also seemed to be the case for a Cybercab that was spotted in Austin, Texas, which happened to be undergoing real-world tests. Overall, these sightings suggest that Cybercab testing is fully underway, and the vehicle is really moving towards production.
Production design all but finalized?
Recently, a near-production-ready Cybercab was showcased at Tesla’s Santana Row showroom in San Jose. The vehicle was equipped with frameless windows, dual windshield wipers, powered butterfly door struts, an extended front splitter, an updated lightbar, new wheel covers, and a license plate bracket. Interior updates include redesigned dash/door panels, refined seats with center cupholders, updated carpet, and what appeared to be improved legroom.
There seems to be a pretty good chance that the Cybercab’s design has been all but finalized, at least considering Elon Musk’s comments at the 2025 Annual Shareholder Meeting. During the event, Musk confirmed that the vehicle will enter production around April 2026, and its production targets will be quite ambitious.
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Tesla gets a win in Sweden as union withdraws potentially “illegal” blockade
As per recent reports, the Vision union’s planned anti-Tesla action might have been illegal.
Swedish union Vision has withdrawn its sympathy blockade against Tesla’s planned service center and showroom in Kalmar. As per recent reports, the Vision union’s planned anti-Tesla action might have been illegal.
Vision’s decision to pull the blockade
Vision announced the blockade in early December, stating that it was targeting the administrative handling of Tesla’s facility permits in Kalmar municipality. The sympathy measure was expected to start Monday, but was formally withdrawn via documents sent to the Mediation Institute and Kalmar Municipality last week.
As noted in a Daggers Arbete report, plans for the strike were ultimately pulled after employer group SKR highlighted potential illegality under the Public Employment Act. Vision stressed its continued backing for the Swedish labor model, though Deputy negotiation manager Oskar Pettersson explained that the Vision union and IF Metall made the decision to cancel the planned strike together.
“We will not continue to challenge the regulations,” Petterson said. “The objection was of a technical nature. We made the assessment together with IF Metall that we were not in a position to challenge the legal assessment of whether we could take this particular action against Tesla. Therefore, we chose to revoke the notice itself.”
The SKR’s warning
Petterson also stated that SKR’s technical objection to the Vision union’s planned anti-Tesla strike framed the protest as an unauthorized act. “It was a legal assessment of the situation. Both for us and for IF Metall, it is important to be clear that we stand for the Swedish model. But we should not continue to challenge the regulations and risk getting judgments that lead nowhere in the application of the regulations,” he said.
Vision ultimately canceled its planned blockade against Tesla on December 9. With Vision’s withdrawal, few obstacles remain for Tesla’s long-planned Kalmar site. A foreign electrical firm completed work this fall, and Tesla’s Careers page currently lists a full-time service manager position based there, signaling an imminent opening.
Delaware Supreme Court reinstates Elon Musk’s 2018 Tesla CEO pay package
Tesla Cybercab tests are going on overdrive with production-ready units
