News
Elon Musk’s Boring Co. proof-of-concept tunnel greenlit by LA committee
The Boring Company recently took a step forward in its goal of building a 2.7-mile proof-of-concept tunnel in Los Angeles, CA, with the City Council Public Works Committee exempting the tunneling startup from environmental review under the California Environmental Quality Act (CEQA).
The motion to exempt the Boring Company’s planned proof-of-concept tunnel under Sepulveda Boulevard in West LA and Culver City from CEQA was put forward by city councilmember Paul Koretz. Testifying before the Public Works Committee, Koretz stated that the startup’s proof-of-concept tunnel was “public transit.” A representative from the City Bureau of Engineering was more conservative, stating that the 2.7-mile tunnel would only be built to refine the Boring Company’s construction techniques, according to an SBLA report.
The Boring Company’s conceptual map for its Los Angeles tunnel alignment project. The 2.7-mile proof-of-concept tunnel is highlighted in red. [Credit: The Boring Company]
During the hearing, councilmembers Joe Buscaino and David Ryu proved supportive of the startup’s goals, with the former stating that approving the motion was a “no-brainer” and that the city should not “delay innovation,” and the latter stating that he was excited about the company’s “revolutionary” project.
Committee Chair Bob Blumenfield was supportive of the Boring Company’s initiatives as well. He did, however, make revisions to the initial motion, stating that Metro approval and review would be required before the company could start digging, and that the Elon Musk-led startup would be responsible for all costs for its projects, including legal fees if necessary.
With the unanimous approval of its CEQA exemption, the Boring Company’s plans of building a 2.7-mile proof-of-concept tunnel will now be forwarded to the full city council for a vote.
The Boring Company might be taking a backseat from Elon Musk’s two biggest ventures — SpaceX and Tesla — but the tunneling startup has managed to make some significant strides on its own nonetheless. Earlier this year, the Boring Company outlasted two of its rivals in its bid to be selected as the contractor for the planned downtown Chicago-O’Hare transport system. Currently, the startup is one of two contractors still bidding for the high-profile project.
Just last month, Elon Musk posted a series of updates about the startup’s plans on Twitter. According to Musk, the first projects of The Boring Co. would be focused on developing the Urban Loop, a high-speed underground transportation system specifically designed for pedestrians.
Overall, the strides that The Boring Company had made since its founding last year are quite impressive. Just recently, we reported on the startup’s first SEC filing, which ultimately revealed that the company had raised $113 million in equity. During the funding round, Elon Musk invested roughly $100 million to the startup, while the company’s “early employees” invested the remainder of the amount. The startup further noted that no venture capitalists nor outside investors were involved in the funding round.
Elon Musk
FCC chair criticizes Amazon over opposition to SpaceX satellite plan
Carr made the remarks in a post on social media platform X.
U.S. Federal Communications Commission (FCC) Chairman Brendan Carr criticized Amazon after the company opposed SpaceX’s proposal to launch a large satellite constellation that could function as an orbital data center network.
Carr made the remarks in a post on social media platform X.
Amazon recently urged the FCC to reject SpaceX’s application to deploy a constellation of up to 1 million low Earth orbit satellites that could serve as artificial intelligence data centers in space.
The company described the proposal as a “lofty ambition rather than a real plan,” arguing that SpaceX had not provided sufficient details about how the system would operate.
Carr responded by pointing to Amazon’s own satellite deployment progress.
“Amazon should focus on the fact that it will fall roughly 1,000 satellites short of meeting its upcoming deployment milestone, rather than spending their time and resources filing petitions against companies that are putting thousands of satellites in orbit,” Carr wrote on X.
Amazon has declined to comment on the statement.
Amazon has been working to deploy its Project Kuiper satellite network, which is intended to compete with SpaceX’s Starlink service. The company has invested more than $10 billion in the program and has launched more than 200 satellites since April of last year.
Amazon has also asked the FCC for a 24-month extension, until July 2028, to meet a requirement to deploy roughly 1,600 satellites by July 2026, as noted in a CNBC report.
SpaceX’s Starlink network currently has nearly 10,000 satellites in orbit and serves roughly 10 million customers. The FCC has also authorized SpaceX to deploy 7,500 additional satellites as the company continues expanding its global satellite internet network.
Energy
Tesla Energy gains UK license to sell electricity to homes and businesses
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
Tesla Energy has received a license to supply electricity in the United Kingdom, opening the door for the company to serve homes and businesses in the country.
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
According to Ofgem, the license took effect at 6 p.m. local time on Wednesday and applies to Great Britain.
The approval allows Tesla’s energy business to sell electricity directly to customers in the region, as noted in a Bloomberg News report.
Tesla has already expanded similar services in the United States. In Texas, the company offers electricity plans that allow Tesla owners to charge their vehicles at a lower cost while also feeding excess electricity back into the grid.
Tesla already has a sizable presence in the UK market. According to price comparison website U-switch, there are more than 250,000 Tesla electric vehicles in the country and thousands of Tesla home energy storage systems.
Ofgem also noted that Tesla Motors Ltd., a separate entity incorporated in England and Wales, received an electricity generation license in June 2020.
The new UK license arrives as Tesla continues expanding its global energy business.
Last year, Tesla Energy retained the top position in the global battery energy storage system (BESS) integrator market for the second consecutive year. According to Wood Mackenzie’s latest rankings, Tesla held about 15% of global market share in 2024.
The company also maintained a dominant position in North America, where it captured roughly 39% market share in the region.
At the same time, competition in the energy storage sector is increasing. Chinese companies such as Sungrow have been expanding their presence globally, particularly in Europe.
Elon Musk
Elon Musk shares big Tesla Optimus 3 production update
According to Musk, Tesla is in the final stages of completing Optimus 3, which he described as one of the world’s most advanced humanoid robots.
Tesla CEO Elon Musk has stated that production of Optimus 3 could begin this summer. Musk shared the update in his interview at the Abundance Summit.
According to Musk, Tesla is in the final stages of completing Optimus 3, which he described as one of the world’s most advanced humanoid robots.
“We’re in the final stages of completion of Optimus 3, which is really going to be by far the most advanced robot in the world. Nothing’s even close. In fact, I haven’t even seen demos of robots that are as good as Optimus 3,” Musk said.
He also set expectations on the pace of Optimus 3’s production ramp, stating that the initial volumes of the humanoid robot will likely be very low. Musk did, however, also state that high production rates for Optimus 3 should be possible in 2027.
“I think we’ll start production on Optimus 3 this summer, but very slow at first, like sort of this classic S-curve ramp of manufacturing units versus time. And then, probably reach high volume production around summer next year,” he said.
Interestingly enough, the CEO hinted that Tesla is looking to iterate on the robot quickly, potentially releasing a new Optimus design every year.
“We’ll have Optimus 4 design complete next year. We’ll try to release a new robot design every year,” Musk stated.
Tesla has already outlined broader plans for scaling Optimus production beyond its first manufacturing line. Musk previously stated that Optimus 4 will be built at Gigafactory Texas at significantly higher production volumes.
Initial production lines for the robot are expected to be located at Tesla’s Fremont Factory, where the company plans to establish a line capable of producing up to 1 million robots per year.
A larger production ramp is expected to occur at Gigafactory Texas, where Musk has previously suggested could eventually support production of up to 10 million robots per year.
“We’re going to launch on the fastest production ramp of any product of any large complex manufactured product ever, starting with building a one-million-unit production line in Fremont. And that’s Line one. And then a ten million unit per year production line here,” Musk said previously.
The comments suggest that while Optimus 3 will likely begin production at Fremont, Tesla’s larger-scale manufacturing push could arrive with Optimus 4 at Gigafactory Texas.
FCC chair criticizes Amazon over opposition to SpaceX satellite plan
Tesla Energy gains UK license to sell electricity to homes and businesses
