Connect with us

News

The Boring Co.’s information session will be livestreamed, says Elon Musk

Published

on

In a series of tweets on Wednesday, Elon Musk confirmed that The Boring Company’s upcoming information session in Los Angeles, CA on Thursday would be livestreamed online. The update came as Musk was providing details about SpaceX’s planned Earth-to-Earth transport system, which would be using Boring Co. tunnels and Hyperloop technology when transporting people from city centers to spaceports at sea.

Following his update on SpaceX’s Earth-to-Earth BFR transportation, Musk issued an open invitation to the Boring Company’s upcoming information session on Thursday, which is set to be held at the Leo Baeck Temple in 1300 N Sepulveda Blvd., Los Angeles, CA at 7:00 p.m. PST. Musk noted that The Boring Company would be presenting and taking questions about its tunneling plans for Los Angeles.

Musk’s update on the Boring Co.’s information session prompted hundreds of responses from his followers on Twitter, several of whom inquired if the town hall meeting will be livestreamed online. Responding to one of his Twitter followers, Musk confirmed with a simple “Yes.”

Advertisement

The Boring Company’s upcoming information session in LA could comes at an opportune time. Just recently, the tunneling startup and its recently-granted exemption from environmental review met strong opposition from two neighborhood groups in the LA area. The two groups — the Brentwood Residents Coalition and the Sunset Coalition — recently filed a lawsuit alleging that the local government violated state law when it exempted the Boring Company’s 2.7-mile proof-of-concept tunnel under Sepulveda Boulevard from review under the California Environmental Quality Act (CEQA).

In a recent Instagram post, Musk revealed that a Boring Company tunnel is nearly complete, and once final regulatory approvals are completed, the tunneling startup would begin offering free rides to the public. Musk also reiterated The Boring Co.’s commitment to pedestrians, stating that when the tunnels are fully operational, the system “will always give priority to pods for pedestrians and cyclists” at a cost less than the price of a bus ticket.

Last December, The Boring Company filed for a tax exclusion to the California Alternative Energy and Advanced Transportation Financing Authority. The documents revealed that the Boring Company would be using a special type of concrete for its tunnels. The documents also outlined the startup’s plans of building a batch plant and carousel system to manufacture and transport concrete rings, which will be used to line the company’s projects.

The Boring Company is only a year old, but it is already taking definitive strides in the transportation industry. The tunneling startup, for one, has already outlasted two of its rival bidders in the proposed, high-profile downtown Chicago-O’Hare transport system. The Boring Company also finished a funding round recently, with an SEC filing revealing that the tunneling startup has raised $113 million in equity.

Watch the livestream of the Boring Company’s information session below.

Advertisement

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

Advertisement
Comments

News

Tesla’s Supercharger Diner probably just secured more locations

Published

on

tesla diner
Credit: Tesla

Tesla’s Supercharger Diner in Los Angeles dominated the company’s global usage rankings after just one year, proving the concept is more than just a one-off novelty location that will fade away.

The performance could incite the company to build more locations, something that CEO Elon Musk has hinted at for some time.

Tesla’s Supercharger Diner delivered 21.2 GWh of energy in its first year of operation, the company’s head of Charging, Max de Zegher, revealed on X. Of the top 10 most utilized Supercharger locations in Tesla’s global infrastructure, the Diner in Los Angeles was the most used by drivers, and it wasn’t particularly close:

On its launch day one year ago, nobody was too sure what the Tesla Diner would be about. It seemed like an interesting concept, and considering it had been in the works for years, it was a highly anticipated launch that many were looking forward to.

Based on its success, we could see additional Diners with Superchargers built throughout the United States, and potentially beyond. Musk has said on several occasions that the company would be willing to bring the Diner idea to more markets.

Tesla makes major change at Supercharger Diner amid epic demand

Advertisement

Of the markets that Musk has mentioned, both Palo Alto and Austin have come to be perceived as ideal selections. However, there are no concrete plans as of now to build new Supercharger Diners anywhere; the location on Santa Monica Boulevard will remain the exclusive spot to pick up Tesla-inspired eats, at least for the time being.

Continue Reading

Investor's Corner

Tesla short sellers win big after shares fall after earnings

Published

on

A red Tesla Roadster driving around a turn
(Credit: Tesla)

Tesla short sellers won big following the company’s massive fall on Wall Street after it reported subpar Earnings on Wednesday.

Tesla short sellers collected about $4.12 billion in single-day profits on Thursday, according to BloombergShares fell as much as 15 percent during Thursday’s session. It closed as one of the worst days for Tesla on Wall Street in the past three years.

Investors sold off the stock after Tesla said it would aggressively direct its spending toward AI and its Optimus robot project. The company had record revenues, which were driven by one of the strongest quarters in terms of vehicle deliveries in company history.

Advertisement

However, it missed EPS estimates by reporting just $0.33, a far cry from the $0.53 analysts expected.

S3 Partners reported that about 3 percent of Tesla’s outstanding stock is sold short. Managing Director at S3, Ihor Dusaniwsky, provided the short seller’s potential profit, as well as another figure: shorts have likely had paper gains of $8.92 billion this year, as Tesla shares are down 30 percent in 2026.

Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue

Tesla has burned short sellers many times in the past, but the company’s latest Earnings Call was a chance for those skeptics to taste some payback. Although the company gave some very transparent information regarding future projects, the rollout of Robotaxi, Optimus, and Semi, many investors took their profits on Thursday.

Notable short sellers like Michael Burry have been transparent about their skepticism around Tesla shares. Burry just revealed three weeks ago that he had opened up a new short on the stock, stating he shorted Tesla shares at $416.22. “Happy it jumped back to this level,” he said in a blog post.

Advertisement

At the time of publication, Tesla shares were down about 3 percent and the stock was trading at $309.92.

Continue Reading

News

Tesla door handle saga gets its latest chapter and a big change is coming

Published

on

Credit: Tesla | Model 3 Owner's Manual

Tesla’s long-standing saga regarding its door handles and a manual release has entered its latest chapter, and as a result, a big change is coming.

On Friday, the National Highway Traffic Safety Administration (NHTSA) denied Tesla’s petition that was seeking a defect investigation into roughly 180,000 Model 3 vehicles for an issue involving the emergency mechanical door release.

Advertisement

NHTSA said that Tesla’s petition did not present evidence of a safety-related defect in the door handles or their emergency releases. Instead, the agency determined that it would rather solve the issue of the lack of labeling or location of emergency mechanical door releases and the federal safety rules that govern them.

Essentially, the NHTSA wants to create and enforce rules that would require automakers to make emergency door latch releases more clearly labeled in a car. Despite a Tesla having manual door releases on all four passenger doors, many people do not know they exist or how they work.

Tesla addresses door handle complaints with simple engineering fix

In recent times, Tesla has faced some criticism involving its door handles, specifically because some occupants have reported that they are unable to exit their vehicles after losing power. The door handles on a Tesla are electronically operated, but in the event that the 12V battery dies, there is a manual release that can be used.

The NHTSA only identified a single complaint involving the mechanical door releases: a 2022 Model 3 owner said the release was concealed and unlabeled after the vehicle lost power after a front-end collision. It has also already started to create a separate rulemaking process to make emergency door-egress systems more obvious.

Advertisement

It should be noted that all Teslas have mechanical emergency door releases, but they are placed in various locations as the vehicles have aged and been redesigned from year to year. Refer to the safety manual for your vehicle if you have any confusion about where the emergency releases are and how they work.

Continue Reading