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Elon Musk’s Boring Company gets closer to Las Vegas tunnel with first approval
The Boring Company’s Las Vegas tunnel has taken a step forward, after the board of directors for the city’s Convention and Visitors Authority (LVCVA) recently voted in favor of the tunneling startup and its proposed 2-mile people-mover project.
The proposed Las Vegas transport line involves digging a series of underground tunnels that could carry passengers around the LVCVA’s campus. The 2-mile tunnel would initially encompass the convention center, but if successful, it could be expanded to other points in the city such as McCarran International Airport. The tunneling startup expects the initial project to cost somewhere along the range of $35 million and $55 million.
Steve Hill, LVCVA’s president and CEO, expects The Boring Company’s transport tunnel could serve a purpose beyond just transporting visitors from one point in the campus to another. “I think the system is an attraction in and of itself,” Hill said in a statement to The Verge.
Initial goals for the project point to the transit system being fully functional before the Consumer Electronics Show (CES) in January 2021, though Elon Musk has expressed has stated on Twitter that the transport system could be operational by the end of the year.
A project such as the Las Vegas transport line is practically tailor-fit for a tunneling startup like The Boring Company. At just two miles long, the project is not too far from the scale of the company’s test tunnel in Hawthorne, CA, which is just over one mile long and constructed using Godot, a conventional tunnel boring machine. With further optimizations in its tunneling processes and the deployment of Line-Storm (a hybrid TBM that employs both conventional and electric systems), the Las Vegas tunnel could be completed well within the project’s ambitious timeframe and cost.
-->The location of the project will be advantageous for the tunneling startup as well, since Las Vegas is only a few hundred miles away from The Boring Company’s headquarters in Hawthorne, CA. This will allow the tunneling startup to immediately address any issues that could arise while the transport line is being constructed.
The Las Vegas transport line could very well become The Boring Company’s first commercial undertaking. While the startup is involved in several high-profile projects, some of its initiatives, such as the Chicago-O’Hare transport line, have been met with political headwinds. Amidst the impending departure of Chicago Mayor Rahm Emanuel, who was widely supportive of the high-speed transport project, several candidates in the mayoral elections have begun to call for a re-evaluation of the tunneling startup’s plans.
For Boring Company President Steve Davis, the Las Vegas tunnel provides a good balance of simplicity and scale. “It’s simpler than some of our other projects. When people come and use this system, they’ll like it or not like it, and if they like it there are useful places to go,” he said.
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Tesla Europe rolls out FSD ride-alongs in the Netherlands’ holiday campaign
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
Tesla Europe has announced that its “Future Holidays” campaign will feature Full Self-Driving (Supervised) ride-along experiences in the Netherlands.
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
The Holiday program was announced by Tesla Europe & Middle East in a post on X. “Come get in the spirit with us. Featuring Caraoke, FSD Supervised ride-along experiences, holiday light shows with our S3XY lineup & more,” the company wrote in its post on X.
Per the program’s official website, fun activities will include Caraoke sessions and light shows with the S3XY vehicle lineup. It appears that Optimus will also be making an appearance at the events. Tesla even noted that the humanoid robot will be in “full party spirit,” so things might indeed be quite fun.
“This season, we’re introducing you to the fun of the future. Register for our holiday events to meet our robots, see if you can spot the Bot to win prizes, and check out our selection of exclusive merchandise and limited-edition gifts. Discover Tesla activities near you and discover what makes the future so festive,” Tesla wrote on its official website.
-->This announcement aligns with Tesla’s accelerating FSD efforts in Europe, where supervised ride-alongs could help demonstrate the tech to regulators and customers. The Netherlands, with its urban traffic and progressive EV policies, could serve as an ideal and valuable testing ground for FSD.
Tesla is currently hard at work pushing for the rollout of FSD to several European countries. Tesla has received approval to operate 19 FSD test vehicles on Spain’s roads, though this number could increase as the program develops. As per the Dirección General de Tráfico (DGT), Tesla would be able to operate its FSD fleet on any national route across Spain. Recent job openings also hint at Tesla starting FSD tests in Austria. Apart from this, the company is also holding FSD demonstrations in Germany, France, and Italy.
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Tesla sees sharp November rebound in China as Model Y demand surges
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month.
Tesla’s sales momentum in China strengthened in November, with wholesale volumes rising to 86,700 units, reversing a slowdown seen in October.
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month. This was partly driven by tightened delivery windows, targeted marketing, and buyers moving to secure vehicles before changes to national purchase tax incentives take effect.
Tesla’s November rebound coincided with a noticeable spike in Model Y interest across China. Delivery wait times extended multiple times over the month, jumping from an initial 2–5 weeks to estimated handovers in January and February 2026 for most five-seat variants. Only the six-seat Model Y L kept its 4–8 week estimated delivery timeframe.
The company amplified these delivery updates across its Chinese social media channels, urging buyers to lock in orders early to secure 2025 delivery slots and preserve eligibility for current purchase tax incentives, as noted in a CNEV Post report. Tesla also highlighted that new inventory-built Model Y units were available for customers seeking guaranteed handovers before December 31.
This combination of urgency marketing and genuine supply-demand pressure seemed to have helped boost November’s volumes, stabilizing what had been a year marked by several months of year-over-year declines.
-->For the January–November period, Tesla China recorded 754,561 wholesale units, an 8.30% decline compared to the same period last year. The company’s Shanghai Gigafactory continues to operate as both a domestic production base and a major global export hub, building the Model 3 and Model Y for markets across Asia, Europe, and the Middle East, among other territories.
Tesla bear Michael Burry got blunt with his beliefs over the company’s valuation, which he called “ridiculously overvalued” in a newsletter to subscribers this past weekend.
“Tesla’s market capitalization is ridiculously overvalued today and has been for a good long time,” Burry, who was the inspiration for the movie The Big Short, and was portrayed by Christian Bale.
Burry went on to say, “As an aside, the Elon cult was all-in on electric cars until competition showed up, then all-in on autonomous driving until competition showed up, and now is all-in on robots — until competition shows up.”
Tesla bear Michael Burry ditches bet against $TSLA, says ‘media inflated’ the situation
For a long time, Burry has been skeptical of Tesla, its stock, and its CEO, Elon Musk, even placing a $530 million bet against shares several years ago. Eventually, Burry’s short position extended to other supporters of the company, including ARK Invest.
Tesla has long drawn skepticism from investors and more traditional analysts, who believe its valuation is overblown. However, the company is not traded as a traditional stock, something that other Wall Street firms have recognized.
While many believe the company has some serious pull as an automaker, an identity that helped it reach the valuation it has, Tesla has more than transformed into a robotics, AI, and self-driving play, pulling itself into the realm of some of the most recognizable stocks in tech.
Burry’s Scion Asset Management has put its money where its mouth is against Tesla stock on several occasions, but the firm has not yielded positive results, as shares have increased in value since 2020 by over 115 percent. The firm closed in May.
In 2020, it launched its short position, but by October 2021, it had ditched that position.
Tesla has had a tumultuous year on Wall Street, dipping significantly to around the $220 mark at one point. However, it rebounded significantly in September, climbing back up to the $400 region, as it currently trades at around $430.
It closed at $430.14 on Monday.
Tesla Europe rolls out FSD ride-alongs in the Netherlands’ holiday campaign
Tesla sees sharp November rebound in China as Model Y demand surges
