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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
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
A newly confirmed $20 billion xAI funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune.
Elon Musk moved within reach of an unprecedented $800 billion net worth after private investors sharply increased the valuation of xAI Holdings, his artificial intelligence and social media company.
A newly confirmed $20 billion funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune and widening his lead as the world’s wealthiest individual.
xAI’s valuation jump
Forbes confirmed that xAI Holdings was valued at $250 billion following its $20 billion funding round. That’s more than double the $113 billion valuation Musk cited when he merged his AI startup xAI with social media platform X last year. Musk owned roughly 49% of the combined company, which Forbes estimated was worth about $122 billion after the deal closed.
xAI’s recent valuation increase pushed Musk’s total net worth to approximately $780 billion, as per Forbes’ Real-Time Billionaires List. The jump represented one of the single largest wealth gains ever recorded in a private funding round.
Interestingly enough, xAI’s funding round also boosted the AI startup’s other billionaire investors. Saudi investor Prince Alwaleed Bin Talal Alsaud held an estimated 1.6% stake in xAI worth about $4 billion, so the recent funding round boosted his net worth to $19.4 billion. Twitter co-founder Jack Dorsey and Oracle co-founder Larry Ellison each owned roughly 0.8% stakes that are now valued at about $2.1 billion, increasing their net worths to $6 billion and $241 billion, respectively.
The backbone of Musk’s net worth
Despite xAI’s rapid rise, Musk’s net worth is still primarily anchored by SpaceX and Tesla. SpaceX represents Musk’s single most valuable asset, with his 42% stake in the private space company estimated at roughly $336 billion.
Tesla ranks second among Musk’s holdings, as he owns about 12% of the EV maker’s common stock, which is worth approximately $307 billion.
Over the past year, Musk crossed a series of historic milestones, becoming the first person ever worth $500 billion, $600 billion, and $700 billion. He also widened his lead over the world’s second-richest individual, Larry Page, by more than $500 billion.
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Tesla Cybercab sighting confirms one highly requested feature
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
A recent sighting of Tesla’s Cybercab prototype in Chicago appears to confirm a long-requested feature for the autonomous two-seater.
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
The Cybercab’s camera washer
The Cybercab prototype in question was sighted in Chicago, and its image was shared widely on social media. While the autonomous two-seater itself was visibly dirty, its rear camera area stood out as noticeably cleaner than the rest of the car. Traces of water were also visible on the trunk. This suggested that the Cybercab is equipped with a rear camera washer.
As noted by Model Y owner and industry watcher Sawyer Merritt, a rear camera washer is a feature many Tesla owners have requested for years, particularly in snowy or wet regions where camera obstruction can affect visibility and the performance of systems like Full Self-Driving (FSD).
While only the rear camera washer was clearly visible, the sighting raises the possibility that Tesla may equip the Cybercab’s other external cameras with similar cleaning systems. Given the vehicle’s fully autonomous design, redundant visibility safeguards would be a logical inclusion.
The Cybercab in Tesla’s autonomous world
The Cybercab is Tesla’s first purpose-built autonomous ride-hailing vehicle, and it is expected to enter production later this year. The vehicle was unveiled in October 2024 at the “We, Robot” event in Los Angeles, and it is expected to be a major growth driver for Tesla as it continues its transition toward an AI- and robotics-focused company. The Cybercab will not include a steering wheel or pedals and is intended to carry one or two passengers per trip, a decision Tesla says reflects real-world ride-hailing usage data.
The Cybercab is also expected to feature in-vehicle entertainment through its center touchscreen, wireless charging, and other rider-focused amenities. Musk has also hinted that the vehicle includes far more innovation than is immediately apparent, stating on X that “there is so much to this car that is not obvious on the surface.”
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Tesla seen as early winner as Canada reopens door to China-made EVs
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y.
Tesla seems poised to be an early beneficiary of Canada’s decision to reopen imports of Chinese-made electric vehicles, following the removal of a 100% tariff that halted shipments last year.
Thanks to Giga Shanghai’s capability to produce Canadian-spec vehicles, it might only be a matter of time before Tesla is able to export vehicles to Canada from China once more.
Under the new U.S.–Canada trade agreement, Canada will allow up to 49,000 vehicles per year to be imported from China at a 6.1% tariff, with the quota potentially rising to 70,000 units within five years, according to Prime Minister Mark Carney.
Half of the initial quota is reserved for vehicles priced under CAD 35,000, a threshold above current Tesla models, though the electric vehicle maker could still benefit from the rule change, as noted in a Reuters report.
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y. That year, Tesla began shipping vehicles from Shanghai to Canada, contributing to a sharp 460% year-over-year increase in China-built vehicle imports through Vancouver.
When Ottawa imposed a 100% tariff in 2024, however, Tesla halted those shipments and shifted Canadian supply to its U.S. and Berlin factories. With tariffs now reduced, Tesla could quickly resume China-to-Canada exports.
Beyond manufacturing flexibility, Tesla could also benefit from its established retail presence in Canada. The automaker operates 39 stores across Canada, while Chinese brands like BYD and Nio have yet to enter the Canadian market directly. Tesla’s relatively small lineup, which is comprised of four core models plus the Cybertruck, allows it to move faster on marketing and logistics than competitors with broader portfolios.
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
Tesla Cybercab sighting confirms one highly requested feature
