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Elon Musk receives tasteless stab from PA Treasury with fabricated Boring Co. quote
Despite the positive change that Tesla, SpaceX, and The Boring Company offer to the world, it is certain that there will always be people who will criticize Elon Musk’s efforts. It comes with the territory that when you become such a successful and well-known public figure that you are sure to ruffle a few feathers.
However, when a State Government agency starts to spew venom in the direction of a man whose concerns are increasing the longevity of Planet Earth, one can only look at it as a facetious attempt to gain some kind of recognition. This is especially notable when it is on a social media outlet as popular as Twitter, and even more so if the said agency fabricates a quote to make its point.
The Pennsylvania Treasury’s official Twitter account recently took a stab at Musk’s idea for using underground transportation tunnels through the Boring Company. The tunneling startup has already completed a private tunnel in Los Angeles and is halfway finished with another in Las Vegas, which is expected to be capable of moving about 4,400 people an hour. The official PA Treasury then decided to throw their two cents into the mix.
“What if we took something like a subway, but made it unfathomably expensive and only for cars, and also make sure that it will never work?”—Elon Musk,,a genius,” @PATreasury tweeted on January 13.
Just so we are all on the same page, the PA Treasury just made up that “quote.” Elon Musk never said that. In fact, the SpaceX and Tesla CEO has always maintained that the Boring Company’s tunnels will be affordable and functional, with some rides going as low as $1 per person. Its smaller tunnels are also far more affordable to build compared to regular subway tunnels, as proven by its proof-of-concept in Los Angeles.
While the Boring Company has not completed a public tunnel yet, it is important to note a few things. First, the Los Angeles tunnel, while private, is functional. The company’s website states that the tunnel is only accessible by people who are invited to use it, but the $10 million underground transportation tube works.
The purpose of the tunnel “is to demonstrate that a lift can be built in very small footprints and within existing buildings, whether they are houses, office buildings, or retail parking lots. Looking forward, one could have a lift in the basement of every office building, allowing extremely convenient commutes,” according to the tunneling startup’s website. The tunnel has done exactly that. It demonstrated that the idea is feasible and certainly possible.
Meanwhile in Sin City, the Las Vegas Convention Center tunnels will have the potential to be connected to various hotspots like the Strip and McCarron Airport. The $52.5 million project was secured by Boring Co. in May 2019 and will be ready for public use in early 2021. Amidst these rebuttals, many of which were expressed by supporters of Tesla, the PA Treasury opted to explain why it opted to take a stab at Musk.
“If you don’t like the post or any of our posts, that’s fine. But we think generating a conversation about all of these issues is good. And, let’s be honest, no one would be having this conversation if this was more boring, government-speak content… The point isn’t to be overly mean to Musk, though he can handle it. It’s to generate the conversation about the role of tech, public investment in infrastructure, income inequality, the love our society shows for CEOs, etc.,” the account tweeted.
While Musk’s ideas are not accepted by everyone, the purpose of the tweets seem to be questionable at best. Inciting conversation is a good and healthy thing. Why not talk about the upcoming tax season or other financial issues? Based on the tasteless nature of the PA Treasury’s tweet, as well as the fact that it deliberately used a false quote to gain attention, one could be compelled to infer that everything seems to be a ploy to gain social media traction by using Elon Musk’s name as a conversation starter.
As a Pennsylvania resident and someone who has lived here for 24 out of the 25 years I have been alive, this is very disappointing. I realize not everyone is going to agree with the ideas that Musk has, but to state that the Boring Company tunnels are an ineffective way to attack the traffic problems so many of us deal with, and making up a quote to get the point across, is simply incorrect. The Boring Company is a young entity and has been around for just over three years.
To put that into perspective, Tesla was formed in 2003 and did not begin delivering Tesla Roadsters until 2007. The Roadster was met with many issues and Tesla was not really considered a serious car company until the Model S began deliveries in June 2012 and the vehicle’s stellar reviews started coming in. Skeptics said Tesla would fail and that an electric car would never break through and become more appealing than a gas-powered automobile. Here we are in 2020 and Tesla’s most affordable sedan is consistently outselling comparable gas vehicles and causing the United States’ most popular luxury sedans to see low sales numbers.
The issue is that Musk confronts issues head-on and tries to figure out out-of-the-box solutions. This is more than what most people do. If nobody was doing it, there would be nobody to criticize. However, Musk is trying to make life on Earth easier for all of us. So, why don’t we let the man do what he has done for years: Bring us closer to an environmentally-friendly and sustainable Earth.
Elon Musk
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
SpaceX priced its historic IPO at $135 per share today, raising a record $75 billion.
SpaceX officially priced its initial public offering at $135 per share, offering 555,555,555 shares of Class A common stock and raising $75 billion in what is the largest IPO in stock market history. Shares are set to begin trading on the Nasdaq Global Select Market on Friday, June 12, under the ticker symbol SPCX. The previous record holder was Saudi Aramco’s 2019 offering at $29 billion, followed by Alibaba’s $22 billion offering in 2014.
At $135 per share and roughly 555.6 million shares, the implied valuation sits near $1.75 trillion, which would make SpaceX roughly the seventh largest company in the United States, just above Tesla’s current market cap. Regular investors can request shares at the IPO price through Robinhood, Fidelity, Charles Schwab, SoFi, and E*TRADE, though the deal is heavily oversubscribed and most retail allocations will be partial or unfilled. Once trading opens June 12, anyone with a brokerage account can buy SPCX on the open market.
SpaceX’s amended S-1 is sparking a major Tesla merger conversation
The valuation is anchored primarily by Starlink. Starlink crossed 10 million subscribers as of February 2026 and is adding 750,000 to 1.5 million new users per month, with the connectivity segment already posting a $1.19 billion profit last quarter. The offering also bundles in xAI following SpaceX’s all-stock merger earlier this year, adding Grok and the Colossus supercomputer to the investment thesis. As Teslarati reported, Starlink ended 2025 with $10 billion in revenue, a figure analysts project could reach $24 billion by end of 2026.
Wedbush analyst Dan Ives has been vocal in his support. “I think the time is right,” Ives said, adding that the offering expands the Elon Musk ecosystem rather than competing with Tesla. An average 12-month price target of $165 per share represents roughly 22% upside from the IPO price. Not everyone agrees – Motley Fool noted xAI is spending $1 billion per month playing catch-up to OpenAI and Anthropic.
Musk founded SpaceX in 2002 with a single stated purpose. “Elon founded SpaceX with a goal to change humanity, to make us a multi-planet species,” CFO Bret Johnsen said in the company’s retail roadshow video this week. Musk himself has been more direct: “We are building the systems and technologies necessary to provide global connectivity on Earth and beyond, to understand the true nature of the universe, and to extend the light of consciousness to the stars.”
Investor's Corner
Tesla unfolded its first European “folding Supercharger”
Tesla’s folding Supercharger just arrived in Europe and it changes how fast charging expands.
Tesla’s Folding Unit Supercharger has officially landed in Europe, with the company teasing a new installation in its effort for a broader rollout targeting major motorway rest stops across the European continent in Q3 2026. The arrival marks a notable shift in how Tesla is thinking about network expansion, moving from hardware performance alone to engineering the logistics chain itself.
While Tesla did not reveal the exact location for the new folding Supercharger in Europe, the photo shared on X heavily suggests that this maybe somewhere in Norway. Historically, whenever Tesla rolls out an entirely new infrastructure architecture in Europe, whether it was the original Supercharger stalls years ago or these brand-new modular V4 “Folding Units”, Norway is almost always the designated launch pad because of its unmatched EV adoption rate and supportive infrastructure
The Folding Unit, introduced in March 2026, is a factory pre-assembled V4 charging station built on an industrial hinge system mounted to a heavy-duty concrete base. The entire assembly arrives on site ready to unfold and connect. Tesla confirmed the units feature telescopic light poles specifically designed for easy transportation and fast on-site deployment, a detail that signals how carefully the logistics chain has been engineered alongside the hardware itself. The design allows 33% more stalls per delivery truck, cuts installation time roughly in half, and reduces overall deployment costs by more than 20% compared to traditional installations.
Tesla’s newest “Folding V4 Superchargers” are key to its most aggressive expansion yet
Tesla also noted telescopic light poles which provide benefits over traditional Supercharger installations that require fixed-height poles that are awkward to ship, slow to position on site, and often require separate crews and equipment to erect before charging hardware can even be staged. By engineering poles that compress for transit and extend on arrival, Tesla has removed one of the quieter bottlenecks in the physical deployment process. Every hour saved on a light pole installation is an hour redirected toward getting stalls energized. At scale, across dozens of new sites per quarter, those hours add up to a meaningful acceleration in how quickly a location goes from approved permit to serving its first customer.
Each Folding Unit pairs a single V4 power cabinet with eight charging posts. The V4 cabinet delivers up to 500 kW per stall for passenger vehicles and up to 1.2 MW for the Tesla Semi, supporting twice the stalls per cabinet at three times the power density of its predecessor. Longer cables make every new station immediately usable by non-Tesla vehicles, a priority as Tesla continues opening its network to Ford, GM, Rivian, Hyundai, Stellantis, and others.
As Teslarati reported when the Folding Unit was first unveiled, Tesla’s Gigafactory New York produced its final V3 Supercharger cabinet in March 2026 after more than seven years and 15,000 units, completing a full pivot to V4 production. The European arrival of the folding design is the next chapter in that transition.
Faster and cheaper deployment means Tesla can justify building in markets and corridors that were previously too expensive to serve, filling the coverage gaps that have slowed EV adoption outside major urban centers.
First Folding Unit Superchargers in Europe 🇪🇺 https://t.co/KNfYWJukkL pic.twitter.com/YR1udIpH1i
— Tesla Charging (@TeslaCharging) June 10, 2026
Tesla has stunned by gaining yet another approval for its Full Self-Driving suite in Europe, its second in two days and its fifth overall.
Belgium will be the latest country to allow Tesla owners to utilize FSD on public roads in Europe, joining a quickly growing list that started with the Netherlands, Lithuania, and Estonia.
On Tuesday, Denmark announced its approval of the FSD suite, which has now been followed by Belgium just one day later.
The country’s Minister of Mobility, Annick De Ridder, announced the approval on her X account, stating that she had just signed the approval of Tesla FSD. It now goes to the country’s homologation department for the last step of the approval process.
De @Tesla community houdt hier al geruime tijd de vinger aan de pols over de toelating voor de FSD-technologie op onze Vlaamse en Belgische wegen.
Uit waardering voor jullie niet-aflatende interesse (en aanmoediging 😉), krijgen jullie hierbij de primeur: ik heb net de toelating… pic.twitter.com/Yrps4OHTj8— Annick De Ridder (@AnnickDeRidder) June 10, 2026
The Belgian approval is one of mighty importance because it truly shows how quickly countries in Europe could greenlight the FSD suite consecutively. Approvals are already coming in relatively quickly, which is a great sign.
Perhaps the next big development that could come from FSD approvals in Europe is an approval from a country like England, Italy, France, Spain, or Germany. It would be something to see how FSD would perform in a major European metro, such as London, Barcelona, Madrid, Paris, Rome, or Berlin.
Getting Full Self-Driving in Spain and England will be such huge milestones for Tesla. I am so excited to see how FSD performs in Madrid, Barcelona, and London, specifically.
The ultimate test will always be Mumbai or New Delhi. Excited for India’s eventual approval! https://t.co/paw9Ch1qmL pic.twitter.com/9RdDERVSSJ
— TESLARATI (@Teslarati) June 9, 2026
Full Self-Driving does an excellent job of roaming around major U.S. cities like New York and Los Angeles, but other high-profile international cities of significance would truly mark a line in the sand for Tesla, which can simply enable any vehicle in its customer-owned fleet to run FSD with the correct approvals.
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
Tesla unfolded its first European “folding Supercharger”
