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Elon Musk’s Boring Company gets stern dismissal from tunneling veteran: ‘Something like that doesn’t work’
Elon Musk’s companies have a pretty strong tendency to attract their own fair share of critics, including those in notable positions in their respective industries. This was the case with Tesla and its electric vehicles, and the same was true with SpaceX and its reusable orbital-class rockets. The Boring Company, another one of Elon Musk’s ventures, is now gathering its own skeptics as well, with Martin Herrenknecht, the founder of Herrenknecht AG, one of the world’s premier tunnel boring machine (TBM) makers, recently expressing his doubts about the tunneling startup.
German business publication Manager Magazin recently interviewed Herrenknecht. When asked about Elon Musk’s tunneling aspirations with The Boring Company, the Herrenknecht AG founder was dismissive, noting that he believes the Tesla and SpaceX CEO is overrated, at least when it comes to tunnel construction. The executive added that his company’s TBMs are far more advanced than the Boring Company’s tunneling machines today.
“For my industry, I see Musk above all as a skillful whisker. He claims that he can build tunnels faster and cheaper than others and is causing a stir. On his reference project in Las Vegas, Musk drilled 20 meters in one week. We can do the same route in one day,” he said. (Despite Herrenknecht’s statement, Teslarati has been informed that The Boring Company has already managed to dig 40 meters in a 24-hour period using its first machine, Godot.)
Explaining further, Herrenknecht noted that it would be very challenging for Elon Musk to become competent in the tunneling industry. The executive noted that he believes The Boring Company will not reach the same heights as Musk’s other ventures like Tesla and SpaceX in the next ten years or so due to the complexity of the tunneling segment. “I think the degree of difficulty and complexity in tunneling are higher,” Herrenknecht remarked.
Interestingly enough, the executive also shared a personal anecdote about Elon Musk himself. As per Herrenknecht, Musk actually approached Herrenknecht AG for the potential purchase of a tunnel boring machine for The Boring Company in the past. However, during the negotiations, Elon Musk reportedly exhibited “strange business behavior,” leaving the room for long periods and suggesting numerous ideas. Musk was also adamant in reducing the price of TBMs from $10 million to just $2 million.
“It was pretty chaotic because he left the room several times for a long time and kept coming up with different ideas… Something like that doesn’t work,” Herrenknecht said.
Needless to say, The Boring Company did not purchase a TBM from Herrenknecht AG. The tunneling startup did manage to purchase its tunneling machines from another company, the first of which was used to complete a test tunnel in Hawthorne, CA. Elon Musk has also announced that The Boring Company is working on developing an all-electric TBM called Prufrock, which has the potential to dig tunnels significantly faster than the industry’s best today.
Elon Musk’s ill-fated meeting with Herrenknecht AG echoes some elements of the Tesla CEO’s meeting with the Russians in 2001. Back then, Musk was aiming to purchase intercontinental ballistic missiles that could be used to launch some payloads to space. The discussions ultimately broke down because of the missiles’ cost, and on the trip back to the United States, Musk figured that building rockets would be feasible. SpaceX was founded the year later, and the rest is history.
It remains to be seen if The Boring Company would be the disruptor that Elon Musk plans it to be. That being said, skeptics of the tunneling startup today seem to be following the same patterns as Tesla and SpaceX’s critics, most of whom have been proven wrong over the years. If any, Herrenknecht’s references to the Tesla CEO’s aggressive cost-cutting demands and out-of-the-box ideas are classic Elon Musk. And just like critics before him, the executive reacted adversely to the CEO.
It would then be interesting to see if The Boring Company, at least in the coming years, could rise enough to challenge the titans of the TBM industry, just like its fellow Elon Musk-led companies Tesla and SpaceX. At least for now, history seems to favor Elon Musk and his bold companies, all of which are noted and respected for their unorthodox nature and aggressive strategies.
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Another Tesla Model 3 variant sold out for January 2026 in China
A look at Tesla China’s order page shows that new Model 3 LR RWD orders now have an estimated delivery date of February 2026.
Another Tesla Model 3 variant in China appears to have sold out for January 2026, with the vehicle now showing an estimated delivery date of February 2026 for new orders. This bodes well for the all-electric sedan, which has maintained notable sales despite more affordable rivals like the Xiaomi SU7 and its crossover sibling, the Model Y.
Model 3 LR RWD joins February 2026 queue
A look at Tesla China’s order page for the all-electric sedan shows that new Model 3 Long Range Rear Wheel Drive orders now have an estimated delivery date of February 2026. Priced from RMB 259,500 ($36,810), the LR RWD sits as the second-lowest-priced trim in Tesla China’s four-variant Model 3 lineup. The move follows a similar delivery timeframe for the Model 3 Performance, which remains the most expensive option for the vehicle, as noted in a CNEV Post report.
The estimated delivery dates of the two remaining Model 3 variants remain unchanged for now. The base RWD version, starting at RMB 235,500, and the LR AWD variant, priced from RMB 285,500, both continue to list estimated delivery times of 4-6 weeks. Tesla China, for its part, has continued to list in-stock Model 3 vehicles and is actively encouraging buyers to select inventory units for delivery before the end of the year.
Model Y delays and policy shifts
Delivery timelines for the Model Y in China are also stretching into 2026. All customized Model Y variants now show February 2026 as their estimated delivery date, except for the entry-level version, which still lists January 2026. Tesla has been urging customers since November to prioritize purchasing inventory vehicles, a push aimed at maximizing year-end deliveries.
Timing matters for Chinese buyers due to upcoming changes in government incentives. China’s new energy vehicle purchase tax exemption will be scaled back in 2026, which means customers who take delivery next year could face higher tax costs compared to those who are able to receive vehicles before the end of the year.
As per data from the China Passenger Car Association, Tesla recorded retail sales of 73,145 vehicles in November, down 0.47% year over year. From January through November, Tesla’s retail sales in China totaled 531,855 units, a 7.37% year-over-year drop.
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Wedbush’s Dan Ives sees ‘monster year’ ahead for Tesla amid AI push
In a post on X, the analyst stated that the electric vehicle maker could hit a $3 trillion market cap by the end of 2026 in a bullish scenario.
Wedbush analyst Dan Ives is doubling down on Tesla’s (NASDAQ:TSLA) long-term upside. In a post on X, the analyst stated that the electric vehicle maker could hit a $3 trillion market cap by the end of 2026 in a bullish scenario, thanks to the company’s efforts to develop and push its artificial intelligence programs.
An aggressive valuation upside
Ives, Wedbush’s global head of tech research, stated in his post that Tesla is entering a pivotal period as its autonomy and robotics ambitions move closer to commercialization. He expects Tesla’s market cap to reach $2 trillion in 2026, representing roughly 33% upside from current levels, with a bull case up to a $3 trillion market cap by year-end.
Overall, Ives noted that 2026 could become a “monster year” for TSLA. “Heading into 2026, this marks a monster year ahead for Tesla/Musk as the autonomous and robotics chapter begins. We believe Tesla hits a $2 trillion market cap in 2026 and in a bull case scenario $3 trillion by end of 2026… as the AI chapter takes hold at TSLA,” the analyst wrote.
Ives also reiterated his “Outperform” rating on TSLA stock, as well as his $600 per share price target.
Unsupervised Full-Self Driving tests
Fueling optimism is Tesla’s recent autonomous vehicle testing in Austin, Texas. Over the weekend, at least two Tesla Model Ys were spotted driving on public roads without a safety monitor or any other occupants. CEO Elon Musk later confirmed the footage of one of the vehicles on X, writing in a post that “testing is underway with no occupant in the car.”
It remains unclear whether the vehicle was supported by chase cars or remote monitoring, and Tesla has not disclosed how many vehicles are involved. That being said, Elon Musk stated a week ago that Tesla would be removing its Safety Monitors from its vehicles “within the next three weeks.” Based on the driverless vehicles’ sightings so far, it appears that Musk’s estimate may be right on the mark, at least for now.
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Production-ready Tesla Cybercab hits showroom floor in San Jose
Tesla has implemented subtle but significant updates to both the Cybercab’s exterior and interior elements.
Tesla has showcased what appears to be a near-production-ready Cybercab at its Santana Row showroom in San Jose, California, giving visitors the closest look yet at the autonomous two-seater’s refined design.
Based on photos of the near-production-ready vehicle, the electric vehicle maker has implemented subtle but significant updates to both the Cybercab’s exterior and interior elements, making the vehicle look more polished and seemingly more comfortable than its prototypes from last year.
Exterior and interior refinements
The updated Cybercab, whose photos were initially shared by Tesla advocate Nic Cruz Patane, now features a new frameless window design, an extended bottom splitter on the front bumper, and a slightly updated rear hatch. It also includes a production-spec front lightbar with integrated headlights, new wheel covers, and a license plate bracket.
Notably, the vehicle now has two windshield wipers instead of the prototype’s single unit, along with powered door struts, seemingly for smoother opening of its butterfly doors. Inside, the Cybercab now sports what appears to be a redesigned dash and door panels, updated carpet material, and slightly refined seat cushions with new center cupholders. Its legroom seems to have gotten slightly larger as well.
Cybercab sightings
Sightings of the updated Cybercab have been abundant in recent months. At the end of October, the Tesla AI team teased some of the autonomous two-seater’s updates after it showed a photo of the vehicle being driven through an In-N-Out drive-through by employees in Halloween costumes. The photos of the Cybercab were fun, but they were significant, with longtime Tesla watchers noting that the company has a tradition of driving its prototypes through the fast food chain’s drive-throughs.
Even at the time, Tesla enthusiasts noticed that the Cybercab had received some design changes, such as segmented DRLs and headlamps, actual turn signals, and a splitter that’s a lot sharper. Larger door openings, which now seem to have been teasing the vehicle’s updated cabin, were also observed at the time.
Another Tesla Model 3 variant sold out for January 2026 in China
Wedbush’s Dan Ives sees ‘monster year’ ahead for Tesla amid AI push
