Connect with us

News

Elon Musk receives tasteless stab from PA Treasury with fabricated Boring Co. quote

(Credit: The Boring Company)

Published

on

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.

Advertisement
https://twitter.com/PATreasury/status/1216943795650158598

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.

Advertisement
https://twitter.com/PATreasury/status/1217513554028482560?s=20

“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.

Advertisement

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.

Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

Advertisement
Comments

Elon Musk

SpaceX just forced Verizon, AT&T and T-Mobile to team up for the first time in history

AT&T, T-Mobile, and Verizon just joined forces for one reason: Starlink is winning.

Published

on

By

Starlink D2D direct to device vs Verizon, AT&T (Concept render by Grok)

America’s three largest wireless carriers, AT&T, T-Mobile, and Verizon, announced on On May 14, 2026 that they had agreed in principle to form a joint venture aimed at pooling their spectrum resources to expand satellite-based direct-to-device (D2D) connectivity across the United States in what can be seen as a direct response to SpaceX’s Starlink initiative. D2D, in plain terms, is technology that lets a standard smartphone connect directly to a satellite in orbit, the same way it connects to a cell tower, with no extra hardware required.

The alliance is widely seen as a means to slow Starlink’s rapid expansion in the satellite internet and mobile markets. SpaceX’s Starlink Mobile service launched commercially in July 2025 through a partnership with T-Mobile, starting with messaging before expanding to broadband data. SpaceX secured access to valuable wireless spectrum through its $17 billion deal with EchoStar, paving the way for significantly faster satellite-to-phone speeds.

The FCC just said ‘No’ to SpaceX for now

SpaceX was not shy about its reaction. SpaceX president and COO Gwynne Shotwell responded on X: “Weeeelllll, I guess Starlink Mobile is doing something right! It’s David and Goliath (X3) all over again — I’m bettin’ on David.” SpaceX’s VP of Satellite Policy David Goldman went further, flagging potential antitrust concerns and asking whether the DOJ would even allow three dominant competitors to coordinate in a market where a new rival is actively entering.


Financial analysts at LightShed Partners were blunt, saying the announcement showed the three carriers are “nervous,” and pointed to the timing: “You announce an agreement in principle when the point is the announcement, not the deal. The timing, weeks ahead of the SpaceX roadshow, was the point.”

As Teslarati reported, SpaceX’s next generation Starlink V2 satellites will deliver up to 100 times the data density of the current system, with custom silicon and phased array antennas enabling around 20 times the throughput of the first generation. The carriers’ JV, which has no definitive agreement, no financial structure, and no deployment timeline yet, will need to move quickly to matter.

Elon Musk’s SpaceX is targeting a Nasdaq listing as early as June 12, aiming for what would be the largest IPO in history. With Starlink now serving over 9 million subscribers across 155 countries, holding 59 carrier partnerships globally, and now powering Air Force One, the carriers’ joint venture announcement landed at exactly the wrong time to look like anything other than a defensive move.

Continue Reading

News

Tesla Model Y prices just went up for the first time in two years

Published

on

Credit: Tesla Asia | X

Tesla just raised Model Y prices for the first time in two years, with the largest increase being $1,000.

The move signals shifting dynamics in the competitive electric vehicle market as the company continues to work on balancing demand, profitability, and accessibility.

The new pricing affects premium trims while leaving entry-level options unchanged. The Model Y Premium Rear-Wheel Drive (RWD) now starts at $45,990, a $1,000 increase.

The Model Y Premium All-Wheel Drive (AWD)—previously referred to in the post as simply “Model Y AWD”—rises to $49,990, also up $1,000. The top-tier Model Y Performance sees a more modest $500 bump, bringing its starting price to $57,990.

Base models remain untouched to preserve affordability. The entry-level Model Y RWD holds steady at $39,990, and the base Model Y AWD stays at $41,990. This selective approach keeps the crossover accessible for budget-conscious buyers while extracting more revenue from higher-margin configurations.

After years of aggressive price cuts to stimulate volume amid slowing EV adoption and rising competition from rivals like BYD, Ford, and GM, Tesla appears confident in underlying demand. Recent lineup refreshes for the 2026 Model Y, including refreshed styling and efficiency gains, have helped maintain its status as America’s best-selling EV.

By protecting base prices, Tesla avoids alienating price-sensitive customers while improving margins on the more popular variants.

Tesla Model Y ownership review after six months: What I love and what I don’t

For consumers, the changes are relatively modest—under 3% on affected trims—and still position the Model Y competitively against gas-powered SUVs in the same class. Federal tax credits and potential state incentives may further offset costs for eligible buyers.

This marks a subtle but notable shift from the deep discounting era that defined much of 2024 and 2025. As the EV market matures into 2026, Tesla’s pricing strategy will be closely watched for clues about production ramps, new variants like the rumored longer-wheelbase Model Y, and broader profitability goals.

In short, today’s adjustment reflects a company that remains dominant yet pragmatic—willing to test higher pricing where demand supports it. It is unlikely to deter consumers from choosing other options.

Continue Reading

Elon Musk

Elon Musk explains why he cannot be fired from SpaceX

Published

on

Credit: SpaceX

Elon Musk cannot be fired from SpaceX, and there’s a reason for that.

In a blunt post on X on Friday, Elon Musk confirmed plans to structurally shield his leadership at SpaceX, ensuring he cannot be fired while tying a potential trillion-dollar compensation package to the company’s long-term goal of establishing a self-sustaining colony on Mars.

The revelation stems from a Financial Times report detailing SpaceX’s intention to restructure its governance and compensation framework. The moves are designed to protect Musk’s control and align his incentives with the company’s founding mission rather than short-term financial pressures. Musk’s reply left no ambiguity:

“Yes, I need to make sure SpaceX stays focused on making life multiplanetary and extending consciousness to the stars, not pandering to someone’s bullshit quarterly earnings bonus!”

He added that success in this “absurdly difficult goal” would generate value “many orders of magnitude more than the economy of Earth,” though he cautioned that the journey will not be smooth. “Don’t expect entirely smooth sailing along the way,” Musk wrote.

The strategy reflects Musk’s deep concerns about how public-market expectations could derail SpaceX’s core objective. Founded in 2002, SpaceX has repeatedly stated its purpose is to reduce the cost of space travel and ultimately make humanity a multiplanetary species.

Unlike Tesla, which went public in 2010 and has faced repeated battles over Musk’s compensation and board influence, SpaceX remains privately held. Musk has long resisted taking the rocket company public precisely to avoid the quarterly earnings treadmill that forces most CEOs to prioritize short-term stock performance over ambitious, high-risk projects.

By embedding protections against his removal and linking any outsized pay package to verifiable milestones—such as a functioning Mars colony—SpaceX aims to insulate its leadership from activist investors or board members who might demand faster profits or safer bets.

SpaceX Board has set a Mars bonus for Elon Musk

Musk has referenced past experiences, including his ouster from OpenAI and shareholder lawsuits at Tesla, as cautionary tales. In those cases, he argued, external pressures risked diluting the original vision.

Critics may view the arrangement as excessive, especially given Musk’s already substantial voting power and wealth. Supporters, however, argue it is a necessary safeguard for a company pursuing goals measured in decades rather than quarters. Achieving a Mars colony would require sustained investment in Starship development, orbital refueling, life-support systems, and in-situ resource utilization—technologies that may deliver no immediate financial return.

Musk’s post underscores a broader philosophical point: true breakthrough innovation often demands tolerance for volatility and a willingness to ignore conventional business wisdom. As SpaceX prepares for increasingly ambitious Starship test flights and eventual crewed missions, the new governance structure signals that the company’s North Star remains unchanged—humanity’s expansion beyond Earth.

Whether the trillion-dollar package materializes depends on execution, but Musk’s message is clear: SpaceX exists to reach the stars, not to chase the next earnings beat. For investors or employees who share that vision, the protections are not a perk—they are a prerequisite for success.

Continue Reading