News
First videos of The Boring Company’s working LVCC Loop in action emerge
The Boring Company’s Las Vegas Convention Center Loop is now complete, and the first batch of videos of the low-cost underground transport system in action have been shared online. The videos, while brief, provide a glimpse at the potential of Elon Musk’s tunneling startup, which was created as a means to battle “soul-crushing” traffic aboveground.
The LVCC Loop serves as a good proof-of-concept for the tunneling startup, considering that the tunnels are relatively short and easy to complete. The Boring Company was able to finish and set up the Tesla-based underground transport system in less than two years, and this was despite the onset of the pandemic last year.
VEGAS LOOP SNEAK PEAK: The @boringcompany gave us a sneak peak at what’s underground at the @LVCVA #Vegas Convention Center. Take a look! #Tesla #RJNow pic.twitter.com/czngjYzunZ
— James Schaeffer (@jamesmschaeffer) April 9, 2021
So far, the LVCC Loop is capable of handling 4,400 people an hour with 62 Teslas, all of which are still operating with a human driver to maximize safety. Eventually, however, the LVCC Loop would employ autonomous Teslas and likely operate faster than the system’s current 35 mph speeds. This should allow the LVCC Loop to handle significantly more passengers per hour.
https://twitter.com/jgillanNews3LV/status/1380335343229001738?s=20
In an interview with the Las Vegas Review-Journal, Steve Hill, president and CEO of the Las Vegas Convention and Visitors Authority, remarked that the LVCC Loop would eventually be using higher-capacity vehicles. Hill hinted at 16-passenger units that would eventually be rolled out for public use, though he did not disclose when the vehicles would be delivered and deployed. “It seems that during a pandemic is not the time to be increasing capacity,” he said.
Here’s the escalator ride down into Central Station of the Boring Company’s Convention Center Loop. #vegas #boringcompany #elonmusk pic.twitter.com/RS0g3AuPKO
— Mick Akers (@mickakers) April 8, 2021
The LVCC Loop currently features three stations, one near the entrance of the Las Vegas Convention Center’s Central Hall and two other aboveground stations at the two ends of the Loop. Paved ramps are in place for the Teslas to climb to the surface for aboveground loading on the Loop’s east and west sides. Details about how the system would accommodate large numbers of passengers have not been shared, though Hill mentioned that the system would use an app that would allow visitors to hail a Tesla.
Two of the three @boringcompany stations at the Convention Center Loop are above ground. To reach the underground Central Station guests must take an elevator/escalator below ground. #vegas #elonmusk #boringcompany pic.twitter.com/d9TgsJ6N7H
— Mick Akers (@mickakers) April 9, 2021
The LVCC Loop cost about $52.5 million to complete, making it relatively affordable. During the bidding process for the project, The Boring Company’s Loop system proved far cheaper than an aboveground transit system proposed by Austria-based Doppelmayr Garaventa Group, which was initially estimated to cost $215 million to complete. Despite Las Vegas Convention and Visitors Authority board member Carolyn Goodman arguing that Doppelmayr’s aboveground transit system could be brought down to $85 million, The Boring Company’s LVCC Loop was still 39% cheaper.
Watch a feature on the LVCC Loop in the video below.
Don’t hesitate to contact us for news tips. Just send a message to tips@teslarati.com to give us a heads up.
Elon Musk
President Trump touts new Air Force One with Musk technology
President Donald Trump unveiled an upgraded Boeing 747-8 at Joint Base Andrews on June 19, 2026, describing the Qatar-gifted aircraft as an interim Air Force One equipped with advanced communications systems, including Starlink, Elon Musk’s SpaceX satellite internet service.
The plane, valued at around $400 million and modified for presidential use, serves as a bridge until the delayed VC-25B replacements arrive. Trump highlighted its luxury features and new technology during remarks to service members.
Trump stated:
“We have communication equipment up there that nobody’s ever seen before. It’s the highest level and, uh, including Starlink. My friend Elon is going to be very happy, but, uh, Starlink and we have, uh, four or five different sets of double and triple communications like people haven’t seen.”
He added:
“And it represents what can happen with hard work, innovation, and aggressive timelines because we did this quickly and yet there’s never been communication like is on this plane.”
🚨 President Trump confirmed today that the new Air Force One is equipped with Starlink:
“We have communication equipment up there that nobody’s ever seen before, it’s the highest level and including Starlink…my friend Elon is going to be very happy.” pic.twitter.com/IhkDmtr5hL
— TESLARATI (@Teslarati) June 20, 2026
The aircraft features a redesigned red, white, and blue livery and has been outfitted with Starlink satellite connectivity alongside other secure systems.
Trump praised the plane’s uniqueness, calling it among the world’s most luxurious. The gift from Qatar and subsequent modifications have drawn attention, with the jet positioned as a solution for presidential travel. It is expected to support operations, including potential ceremonial roles such as Fourth of July flyovers.
The event marked the formal introduction of the converted jet, which will help maintain capabilities while the primary Air Force One fleet undergoes modernization. Defense observers note the inclusion of commercial satellite technology like Starlink as part of efforts to ensure resilient communications, crucial to keep the country running as the President is in the sky.
President Trump’s comments underscored appreciation for rapid upgrades and innovation in equipping the aircraft. The plane remains a U.S. government asset and is slated for eventual transfer related to presidential library purposes after its service.
News
Tesla Cybercab launch is imminent after latest sighting at Giga Texas
Tesla just gave what is perhaps its biggest signal yet that the launch of the Cybercab, its autonomous ride-hailing-geared car, is imminent.
The Cybercab has been spotted outside of Gigafactory Texas in massive numbers over the past few days, with hundreds of units being stored on property just days after the vehicle received a Certificate of Conformity from the EPA.
Today, things were a bit different.
Cybercabs spotted on Giga Texas property today had an addition: a Cybercab decal on the side, reminiscent of the “Robotaxi” ones that were placed on Model Ys just as the company launched its ride-sharing platform about a year ago.
Giga Texas drone operator Joe Tegtmeyer noticed the change today:
Tesla Cybercabs are now getting “Cybercab” logos on the side of them!
Tesla did the same with Model Ys that were given “Robotaxi” logos: https://t.co/DanANtw1m7 pic.twitter.com/FqOhH0S9Ks
— TESLARATI (@Teslarati) June 19, 2026
Tesla could be signaling that the Cybercab is preparing to enter the Robotaxi fleet in the coming weeks or months with this move. It seems more symbolic than anything; Tesla is ready to throw Cybercabs in the ride-hailing platform just as it did with Model Ys last year.
The addition of the Certificate of Conformity awarded to the Cybercab is another major factor working to Tesla’s advantage. The company now has permission from the EPA to allow the vehicle to operate on public roads and enter the chain of commerce. It’s officially street legal.
Tesla Cybercab specs revealed: range, curb weight, range ratings, and more
The big question that remains is whether Tesla will be able to operate the car without a safety monitor, especially considering it plans to put the car out there without a steering wheel or pedals. With the Cybercab only having a seating capacity of two, it is hard to believe Tesla will even consider putting a Safety Monitor in the car.
It did recently self-certify as Level 4 and has the ability to operate driverless vehicles in the State of Texas under a law that took effect on May 28. You can read more about that here:
Tesla’s Robotaxi dreams just took a massive step toward reality
We’d imagine Cybercabs will be on the roads as soon as July, but August will likely be a better estimate of when the car will be entered into the Cybercab fleet. It all depends at where Tesla is, as they’ve truly prioritized safety with the rollout of the Robotaxi platform.
News
Elon Musk says this part of Tesla ‘makes no sense’
Elon Musk has publicly questioned Moody’s credit assessments following the rating agency’s decision to assign SpaceX a Baa1 investment-grade rating, two notches above Tesla’s Baa3. The comments came amid discussions comparing the two companies’ financial profiles.
SpaceX earned its first-time Baa1 rating with a stable outlook from Moody’s. The agency highlighted the company’s leadership in orbital launches, the growing recurring revenue from its Starlink satellite network, strong vertical integration, U.S. government contracts, and emerging opportunities in AI infrastructure.
These factors were cited as supporting robust cash flows, margin expansion, and financial flexibility.
Musk responded directly: “Tesla’s credit rating is ridiculously low tbh,” and added, “Yeah, makes no sense. Tesla has over $40B in cash, no debt, and is consistently profitable!” His remarks underscored Tesla’s balance sheet strength and profitability at a time when many traditional automakers continue to report losses in the shift to electric vehicles.
Yeah, makes no sense.
Tesla has over $40B in cash, no debt and is consistently profitable!
— Elon Musk (@elonmusk) June 19, 2026
Tesla maintains a leading position in the global EV market, with diversification into energy and storage, battery technology, and robotics through projects like Optimus. Recent financial updates show the company generated positive free cash flow of $1.4 billion in Q1 2026, supported by operating cash flow of $3.9 billion. Cash and short-term investments stood at approximately $44.7 billion.
Moody’s has affirmed Tesla’s Baa3 issuer rating with a stable outlook in periodic reviews, acknowledging the company’s EV leadership, technology strengths, including AI for autonomous vehicles, solid profitability, and strong liquidity.
Tesla (TSLA) scores Baa3 Moody’s rating for ‘stable’ outlook
However, the agency has also noted challenges in the automotive segment and expectations for margin pressures.
Musk’s critique highlights a common debate about how traditional rating methodologies apply to high-growth, capital-intensive technology companies. SpaceX benefits from long-term government-backed contracts and diversified, recurring revenue streams, while Tesla’s valuation reflects heavy investment in future technologies such as autonomy and robotics.
Both ratings remain investment-grade, yet the one-notch difference has fueled online discussion about potential inconsistencies in evaluating innovative firms.
The exchange comes as SpaceX explores financing options following its recent valuation milestones, while Tesla continues executing on its multi-year roadmap. Musk’s pointed response serves as a reminder that credit ratings, though influential for borrowing costs, represent one lens through which markets assess corporate strength—and that company leaders often view their financial positions through the lens of long-term innovation and cash generation rather than short-term risk metrics alone.