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Key takeaways from Elon Musk’s Boring Company information session
Elon Musk provided a number of insights about The Boring Company’s Los Angeles tunneling initiatives in an information session held Thursday night at the Leo Baeck Temple. The event was led by Elon Musk and SpaceX Director Steve Davis, who was listed in the company’s recent SEC filing. Here are the key takeaways from information session.
- The Boring Co.’s tunnel boring machines are all-electric, making them 3x as powerful than conventional tunnel boring machines. Tesla batteries are used to power the machines, which eliminates the need for cabling.
- The Boring Company is aiming to drill and lay tunnel walls simultaneously while excavating dirt from the tunnel using battery-electric locomotives, which are equipped with two Model 3 motors.
- Musk and Davis also discussed the Boring Bricks, interlocking bricks made from tunneling rock. Musk noted that the Boring Bricks, which could be used for affordable housing, are better than cinder blocks. Egyptian model kits, featuring designs like the Temple of Horus, will also be sold.
The Boring Company’s bricks. [Credit: The Boring Co.]
- The Urban Loop transit — electric pods that are designed for commuters — will cost $1 per ticket. The speed of the Urban Loop will be 150 mph, and will enable travel from downtown Los Angeles to LAX airport in 8 minutes. Each pod can carry a maximum of 16 people.
- The Boring Co. tunnels will support Hyperloop technology as well. Just like the Urban Loop’s pods, Hyperloop pods will carry a maximum of 16 people. Hyperloop pods, however, will be much faster, traveling at 700 mph.
- The proof-of-concept tunnel under Sepulveda Blvd. in LA will not be used for public transportation. There will be no street closures, nor any tunneling beneath any homes or businesses. Residents won’t “see, feel, or hear” any of the startup’s activities. Utility lines will be untouched by the project as well.
Transit stations with all-electric pedestrian pods envisioned by The Boring Company
- The Boring Company will be working closely with LA Metro. Musk stated that overall, “we want to connect with and supplement transport systems” that are already in place.
- Rocket technology is being used to develop and build the Boring Co.’s tunnels, considering that a number of SpaceX engineers are working on the tunneling startup’s projects.
- Line-Storm, the company’s second tunnel boring machine, features improvements over Godot, its first TBM. According to Musk, Godot is a conventional tunnel boring machine. Line-Storm, however, is “essentially a hybrid between conventional boring machine and the Proof-Rock, which is the fully Boring Company-designed machine.” Proof-Rock will be 10-15x faster than current TBMs. Line-storm will be at least 2x faster than a conventional boring machine.
- The Boring Company will do a full Environmental Impact Report. Musk noted that the company does not “expect any issues with the EIR.” Musk, stated, however, that the EIR will likely take some time to do.
- Elon Musk teased a party before the proof-of-concept tunnel’s launch.
The Boring Company came to fruition as Elon Musk’s way of alleviating the “soul-destroying” traffic that is prevalent in America’s streets. Just before the livestream, Elon Musk and LA Metro announced that the Boring Co.’s proof-of-concept tunneling project will be going ahead as planned. A statement from LA Metro reads as follows.
“Metro leadership and CEO Phil Washington had a great meeting today with the talented staff of the Boring Company. They will coordinate with us as they move ahead with their proof-of-concept tunnel under Sepulveda Boulevard to ensure it doesn’t interfere with our Sepulveda Transit Corridor rail project. We’ll be partners moving forward.”
Watch the Boring Company’s information session in the video below.
Elon Musk
Tesla confirmed HW3 can’t do Unsupervised FSD but there’s more to the story
Tesla confirmed HW3 vehicles cannot run unsupervised FSD, replacing its free upgrade promise with a discounted trade-in.
Tesla has officially confirmed that early vehicles with its Autopilot Hardware 3 (HW3) will not be capable of unsupervised Full Self-Driving, while extending a path forward for legacy owners through a discounted trade-in program. The announcement came by way of Elon Musk in today’s Tesla Q1 2026 earnings call.
🚨 Our LIVE updates on the Tesla Earnings Call will take place here in a thread 🧵
Follow along below: pic.twitter.com/hzJeBitzJU
— TESLARATI (@Teslarati) April 22, 2026
The history here matters. HW3 launched in April 2019, and Tesla sold Full Self-Driving packages to owners on the understanding that the hardware was sufficient for full autonomy. Some owners paid between $8,000 and $15,000 for FSD during that period. For years, as FSD’s AI models grew more demanding, HW3 vehicles fell progressively further behind, eventually landing on FSD v12.6 in January 2025 while AI4 vehicles moved to v13 and then v14. When Musk acknowledged in January 2025 that HW3 simply could not reach unsupervised operation, and alluded to a difficult hardware retrofit.
The near-term offering is more concrete. Tesla’s head of Autopilot Ashok Elluswamy confirmed on today’s call that a V14-lite will be coming to HW3 vehicles in late June, bringing all the V14 features currently running on AI4 hardware. That is a meaningful software update for owners who have been frozen at v12.6 for over a year, and it represents genuine effort to keep older hardware relevant. Unsupervised FSD for vehicles is now targeted for Q4 2026 at the earliest, with Musk describing it as a gradual, geography-limited rollout.
For HW3 owners, the over-the-air V14-lite update is welcomed, and the discounted trade-in path at least acknowledges an old obligation. What happens next with the trade-in pricing will define how this chapter ultimately gets written. If Tesla prices the hardware path fairly, acknowledges what early adopters are owed, and delivers V14-lite on the June timeline it committed to today, it has a real opportunity to convert one of the longest-running sore subjects among early adopters into a loyalty story.
Elon Musk
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
Tesla’s Optimus factory in Texas targets 10 million robots yearly, with 5.2 million square feet under construction.
Tesla’s Q1 2026 Update Letter, released today, confirms that first generation Optimus production lines are now well underway at its Fremont, California factory, with a pilot line targeting one million robots per year to start. Of bigger note is a shared aerial image of a large piece of land adjacent to Gigafactory Texas, that Tesla has prominently labeled “Optimus factory site preparation.”
Permit documents show Tesla is seeking to add over 5.2 million square feet of new building space to the Giga Texas North Campus by the end of 2026, at an estimated construction investment of $5 billion to $10 billion. The longer term production target for that facility is 10 million Optimus units per year. Giga Texas already sits on 2,500 acres with over 10 million square feet of existing factory floor, and the North Campus expansion is being built to support multiple projects, including the dedicated Optimus factory, the Terafab chip fabrication facility (a joint Tesla/SpaceX/xAI venture), a Cybercab test track, road infrastructure, and supporting facilities.
Credit: TESLA
Texas makes strategic sense beyond the existing infrastructure. The state’s tax structure, lower labor costs relative to California, and the proximity to Tesla’s AI training cluster Cortex 1 and 2, both located at Giga Texas and now totaling over 230,000 H100 equivalent GPUs, means the Optimus software stack and the factory producing the hardware will share the same campus. Tesla’s Q1 report also confirmed completion of the AI5 chip tape out in April, the inference processor designed specifically to power Optimus units in the field.
As Teslarati reported, the Texas facility is intended to house Optimus V4 production at full scale. Musk told the World Economic Forum in January that Tesla plans to sell Optimus to the public by end of 2027 at a price between $20,000 and $30,000, stating, “I think everyone on earth is going to have one and want one.” He has previously pegged long term demand for general purpose humanoid robots at over 20 billion units globally, citing both consumer and industrial use cases.
Tesla (NASDAQ: TSLA) reported its earnings for the first quarter of 2026 on Wednesday afternoon. Here’s what the company reported compared to what Wall Street analysts expected.
The earnings results come after Tesla reported a miss on vehicle deliveries for the first quarter, delivering 358,023 vehicles and building 408,386 cars during the three-month span.
As Tesla transitions more toward AI and sees itself as less of a car company, expectations for deliveries will begin to become less of a central point in the consensus of how the quarter is perceived.
Nevertheless, Tesla is leaning on its strong foundation as a car company to carry forward its AI ambitions. The first quarter is a good ground layer for the rest of the year.
Tesla Q1 2026 Earnings Results
Tesla’s Earnings Results are as follows:
- Non-GAAP EPS – $0.41 Reported vs. $0.36 Expected
- Revenues – $22.387 billion vs. $22.35 billion Expected
- Free Cash Flow – $1.444 billion
- Profit – $4.72 billion
Tesla beat analyst expectations, so it will be interesting to see how the stock responds. IN the past, we’ve seen Tesla beat analyst expectations considerably, followed by a sharp drop in stock price.
On the same token, we’ve seen Tesla miss and the stock price go up the following trading session.
Tesla will hold its Q1 2026 Earnings Call in about 90 minutes at 5:30 p.m. on the East Coast. Remarks will be made by CEO Elon Musk and other executives, who will shed some light on the investor questions that we covered earlier this week.
You can stream it below. Additionally, we will be doing our Live Blog on X and Facebook.
Q1 2026 Earnings Call at 4:30pm CT https://t.co/pkYIaGJ32y
— Tesla (@Tesla) April 22, 2026
Tesla confirmed HW3 can’t do Unsupervised FSD but there’s more to the story
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
