

News
Elon Musk’s Boring Company gets shorter operating agreement for LVCC Loop
The Las Vegas Convention and Visitors Authority (LVCVA) recently decided to shorten its operating agreement with Elon Musk’s Boring Company with regards to the operation and maintenance of the Las Vegas Convention Center (LVCC) Loop. The Boring Company currently operates the LVCC Loop, which allows visitors to travel within the Las Vegas Convention Center campus.
The LVCC Loop’s current iteration involves a fleet of Teslas that still require human drivers to travel within the system’s stations, though it is highly speculated that The Boring Company would eventually transition to the use of autonomous vehicles. The LVCC Loop is a simple route, and it would likely be easy for Tesla’s advanced driver-assist systems like Autopilot and Full Self-Driving to navigate the system’s tunnels without any issues.
The LVCVA Board approved the initial LVCC Loop operations and management agreement in January 2021. Back then, the agreement provided an extension for an additional five-year period. Tuesday’s vote changed the five-year extension into a one-year extension, according to a report from the Las Vegas Review-Journal. Board members voted 11-1 to spend up to $4.5 million for a one-year agreement with The Boring Company from July 1, 2022 to June 30, 2023. The LVCVA also has the option to cancel the agreement with a four-month notice.
While this update may seem like a blow to The Boring Company’s LVCC Loop, LVCVA Chief Financial Officer Ed Finger highlighted that the system has met the board and customers’ expectations. Finger noted that when the tunnel system started operations in May, the LVCVA gave the system a budget of $4.25 million to maintain a fleet of Tesla vehicles with drivers. For the fiscal year, the convention authority spent just under $4 million, though costs are expected to rise in the year ahead as trade shows and conventions are held on the site once more.
“The system has met our expectations and our customers’ expectations,” Finger stated.
LVCVA President and CEO Steve Hill has noted that the costs of the LVCC Loop can be decreased if The Boring Company uses autonomous driving solutions. The buildout of the much more extensive Vegas Loop would likely help reduce the operating costs of the Convention Center tunnels as well. The Vegas Loop is expected to feature 18 miles of tunnels and 51 planned stations, with stops in popular locations such as Resorts World, the Harry Reid International Airport, and Allegiant Stadium, to name a few.
So far, the LVCC Loop is designed to accommodate 4,400 passengers per hour. During CES 2022 earlier this year, the LVCVA informed Teslarati that the LVCC Loop had been able to transport 15,000 to 17,000 passengers around the Convention Center’s campus daily. The LVCC Loop’s performance during the SEMA Show in November 2021 was even more impressive, as the system was able to move 25,000 to 27,000 passengers daily. The Vegas Loop’s target is much more ambitious, with the system aiming to accommodate 57,000 commuters an hour.
*Quotes courtesy of the Las Vegas Review-Journal.
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News
SpaceX produces its 10 millionth Starlink kit
The first 5 million Starlink kits took nearly four years to build.

SpaceX has achieved a major milestone, producing its 10 millionth Starlink kit. The accomplishment was celebrated across the company’s Hawthorne, California, and Bastrop, Texas, facilities.
The milestone was shared in social media by Sujay Soman, Senior Facilities Engineer, in a LinkedIn post, which has since been deleted.
Starlink Production Ramp
Soman noted in his LinkedIn post that the first 5 million Starlink kits took nearly four years to build, but the next 5 million kits were completed in just 11 months. This underscores SpaceX’s intense efforts to ramp up the satellite internet system’s production, and it reflects the private space company’s manufacturing prowess.
The SpaceX Senior Facilities Engineer shared a couple of photos of the Machine Maintenance and Facilities team in Bastrop to commemorate the event.
“Today, Starlink Product teams across our Hawthorne and Bastrop sites produced the 10th Million Starlink Kit! It took almost 4 years to build our first 5 million kits, and we doubled that in about 11 months. Monumental accomplishment!” Soman wrote in his post.

World-Changing Technology
The Starlink kits, featuring dish hardware and supporting equipment, enable users to connect to the company’s growing constellation of low Earth orbit satellites. With over 6,000 satellites launched to date, Starlink now provides fast and reliable internet connectivity to over 6 million customers worldwide. This was a significant increase from the 5 million customers that the company reported in February 2025.
SpaceX has not detailed its next production targets, but the production of Starlink’s 10 millionth kit milestone signals the company’s readiness to scale further. Being an Elon Musk-led company, SpaceX is arguably the best in the business when it comes to efficient and cost-effective manufacturing. It would then be unsurprising if SpaceX announces another Starlink production milestone soon.
News
Tesla retires yoke steering wheel in base Model S and X
Tesla’s controversial steering yoke is now exclusive to the Model S and Model X Plaid.

Tesla has closed a chapter in the saga of the Model S and Model X’s controversial steering yoke. Following the announcement of the new iterations of the flagship vehicles, Tesla promptly removed the steering option for the vehicles’ base variants.
This means that if drivers wish to experience the Model S or Model X with a yoke, they would have to go Plaid.
The new Model S and Model X
The refresh of the Model S and Model X were quite minor, with the two vehicles featuring a new front camera, a new color, and a handful of other small changes like new exterior styling for the Model S Plaid. Tesla also noted on its website that the two vehicles now have a much smoother and quieter ride.
The changes were quite polarizing, with some appreciating the subtle improvements made to the two flagship cars and others arguing that Tesla should have done more. Others, however, noted that the level of improvements implemented on the Model S and Model X would already be considered major refresh for a tech company like Apple.
No More Yoke Unless Plaid
When Tesla refreshed the Model S and Model X in 2021, the vehicles were released with a steering yoke as standard. The yoke was controversial, with critics stating that it was unsafe and fans stating that it made driving the Model S and Model X fun. Tesla later introduced a round steering wheel option for the Model S and Model X, which later became standard on the two flagship vehicles.
This remains true today, with the most recent versions of the Model S and Model X still being released with a round steering wheel as standard. Those who wish to experience the Model S and Model X Plaid as envisioned by the company and its CEO, Elon Musk, however, might find it a good idea to spend the extra $1,000 for the vehicles’ yoke steering wheel.
Elon Musk
Tesla blacklisted by Swedish pension fund AP7 as it sells entire stake
A Swedish pension fund is offloading its Tesla holdings for good.

Tesla shares have been blacklisted by the Swedish pension fund AP7, who said earlier today that it has “verified violations of labor rights in the United States” by the automaker.
The fund ended up selling its entire stake, which was worth around $1.36 billion when it liquidated its holdings in late May. Reuters first reported on AP7’s move.
Other pension and retirement funds have relinquished some of their Tesla holdings due to CEO Elon Musk’s involvement in politics, among other reasons, and although the company’s stock has been a great contributor to growth for many funds over the past decade, these managers are not willing to see past the CEO’s right to free speech.
However, AP7 says the move is related not to Musk’s involvement in government nor his political stances. Instead, the fund said it verified several labor rights violations in the U.S.:
“AP7 has decided to blacklist Tesla due to verified violations of labor rights in the United States. Despite several years of dialogue with Tesla, including shareholder proposals in collaboration with other investors, the company has not taken sufficient measures to address the issues.”
Tesla made up about 1 percent of the AP7 Equity Fund, according to a spokesperson. This equated to roughly 13 billion crowns, but the fund’s total assets were about 1,181 billion crowns at the end of May when the Tesla stake was sold off.
Tesla has had its share of labor lawsuits over the past few years, just as any large company deals with at some point or another. There have been claims of restrictions against labor union supporters, including one that Tesla was favored by judges, as they did not want pro-union clothing in the factory. Tesla argued that loose-fitting clothing presented a safety hazard, and the courts agreed.

(Photo: Tesla)
There have also been claims of racism at the Fremont Factory by a former elevator contractor named Owen Diaz. He was awarded a substantial sum of $137m. However, U.S. District Judge William Orrick ruled the $137 million award was excessive, reducing it to $15 million. Diaz rejected this sum.
Another jury awarded Diaz $3.2 million. Diaz’s legal team said this payout was inadequate. He and Tesla ultimately settled for an undisclosed amount.
AP7 did not list any of the current labor violations that it cited as its reason for
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