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Elon Musk’s Boring Company breaks ground for garage-elevator construction
Last month, Elon Musk’s tunneling startup, The Boring Company, was granted an approval by the city council of Hawthorne, CA to build a prototype garage-elevator concept that would be linked to one of the company’s high-speed tunnels. Recent photos from Teslarati photographers Tom Cross and Pauline Acalin reveal that construction of the prototype elevator concept has already begun.
The Boring Company’s prototype garage-elevator is being built west of SpaceX’s Hawthorne facility. The location of the futuristic garage is no accident, as the startup plans to have cars enter the tunnel from the SpaceX campus, move through the tunnel and on to the garage-elevator, and then travel back to SpaceX as part of the concept’s tests. Adopting such a process allows The Boring Co. to avoid creating additional traffic on the street.
Photos captured by Teslarati photographers reveal that The Boring Company has broken ground on the site of its recently-announced garage-elevator. While the startup has not officially announced that the construction corresponds to the planned elevator concept, the site’s location on 120th St. near Prairie Avenue matches the address of the project that the company confirmed to The Mercury Times last month. Furthermore, the pit’s sheer scale fits well with the company’s plans to dig a hole to extract segments of its tunnel boring machine (TBM).
- The excavation site of the Boring Company’s garage-elevator prototype. [Credit: Tom Cross/Teslarati]
- The excavation site of the Boring Company’s garage-elevator prototype. [Credit: Tom Cross/Teslarati]
- The excavation site of the Boring Company’s garage-elevator prototype. [Credit: Pauline Acalin/Teslarati]
The site of the Boring Company’s excavation for its garage-elevator prototype. [Credit: Tom Cross and Pauline Acalin/Teslarati]
Looking at the images of the construction in progress, it appears that the hole being excavated is around 30 feet or more in diameter. This is quite substantial, considering that graphics provided by the tunneling startup show the garage-elevator transporting cars one at a time. As noted by AutomobileElevator, a company in the business of providing car elevators, lifts that are designed for large vehicles like full-sized SUVs usually have dimensions of 9.3 x 20 x 7 feet – significantly smaller than the pit in the Boring Company’s ongoing excavation. With this in mind, it appears that the tunneling startup’s garage-elevator, once complete, would have enough space to accommodate large mainstream vehicles like full-sized SUVs and trucks.
- The Boring Company’s proposed prototype garage. [Credit: The Boring Company]
- The Boring Company’s proposed prototype garage. [Credit: The Boring Company]
The Boring Company’s proposed prototype garage-elevator concept. [Credit: The Boring Company]
In a comment about the garage-elevator, Boring Company representative Jane Labanowski noted that the prototype concept would be an essential part of the tunneling startup’s vision for the future. The garage-elevator, if any, would serve as convenient entry point for the company’s high-speed tunnel system, particularly for those in residential areas.
“It’s an important part of the longer-term vision the company is trying to build,” she said.
The Boring Company might be a newcomer in the transportation industry that is more well-known for its quirky merchandise such as the Boring Company Not-a-Flamethrower, but the tunneling startup is already starting to gain contracts for high-profile projects. Earlier this year, for example, the Boring Company won a contract for the construction of the downtown Chicago-O’Hare high-speed transport line, beating larger, more experienced conglomerates which were also bidding on the project. The Chicago project would feature the Loop system, which features Tesla-made fully-electric pods capable of transporting up to 16 people at a time at speed of up to 150 mph.
News
Tesla Cybercab launch is imminent after latest sighting at Giga Texas
Tesla just gave what is perhaps its biggest signal yet that the launch of the Cybercab, its autonomous ride-hailing-geared car, is imminent.
The Cybercab has been spotted outside of Gigafactory Texas in massive numbers over the past few days, with hundreds of units being stored on property just days after the vehicle received a Certificate of Conformity from the EPA.
Today, things were a bit different.
Cybercabs spotted on Giga Texas property today had an addition: a Cybercab decal on the side, reminiscent of the “Robotaxi” ones that were placed on Model Ys just as the company launched its ride-sharing platform about a year ago.
Giga Texas drone operator Joe Tegtmeyer noticed the change today:
Tesla Cybercabs are now getting “Cybercab” logos on the side of them!
Tesla did the same with Model Ys that were given “Robotaxi” logos: https://t.co/DanANtw1m7 pic.twitter.com/FqOhH0S9Ks
— TESLARATI (@Teslarati) June 19, 2026
Tesla could be signaling that the Cybercab is preparing to enter the Robotaxi fleet in the coming weeks or months with this move. It seems more symbolic than anything; Tesla is ready to throw Cybercabs in the ride-hailing platform just as it did with Model Ys last year.
The addition of the Certificate of Conformity awarded to the Cybercab is another major factor working to Tesla’s advantage. The company now has permission from the EPA to allow the vehicle to operate on public roads and enter the chain of commerce. It’s officially street legal.
Tesla Cybercab specs revealed: range, curb weight, range ratings, and more
The big question that remains is whether Tesla will be able to operate the car without a safety monitor, especially considering it plans to put the car out there without a steering wheel or pedals. With the Cybercab only having a seating capacity of two, it is hard to believe Tesla will even consider putting a Safety Monitor in the car.
It did recently self-certify as Level 4 and has the ability to operate driverless vehicles in the State of Texas under a law that took effect on May 28. You can read more about that here:
Tesla’s Robotaxi dreams just took a massive step toward reality
We’d imagine Cybercabs will be on the roads as soon as July, but August will likely be a better estimate of when the car will be entered into the Cybercab fleet. It all depends at where Tesla is, as they’ve truly prioritized safety with the rollout of the Robotaxi platform.
News
Elon Musk says this part of Tesla ‘makes no sense’
Elon Musk has publicly questioned Moody’s credit assessments following the rating agency’s decision to assign SpaceX a Baa1 investment-grade rating, two notches above Tesla’s Baa3. The comments came amid discussions comparing the two companies’ financial profiles.
SpaceX earned its first-time Baa1 rating with a stable outlook from Moody’s. The agency highlighted the company’s leadership in orbital launches, the growing recurring revenue from its Starlink satellite network, strong vertical integration, U.S. government contracts, and emerging opportunities in AI infrastructure.
These factors were cited as supporting robust cash flows, margin expansion, and financial flexibility.
Musk responded directly: “Tesla’s credit rating is ridiculously low tbh,” and added, “Yeah, makes no sense. Tesla has over $40B in cash, no debt, and is consistently profitable!” His remarks underscored Tesla’s balance sheet strength and profitability at a time when many traditional automakers continue to report losses in the shift to electric vehicles.
Yeah, makes no sense.
Tesla has over $40B in cash, no debt and is consistently profitable!
— Elon Musk (@elonmusk) June 19, 2026
Tesla maintains a leading position in the global EV market, with diversification into energy and storage, battery technology, and robotics through projects like Optimus. Recent financial updates show the company generated positive free cash flow of $1.4 billion in Q1 2026, supported by operating cash flow of $3.9 billion. Cash and short-term investments stood at approximately $44.7 billion.
Moody’s has affirmed Tesla’s Baa3 issuer rating with a stable outlook in periodic reviews, acknowledging the company’s EV leadership, technology strengths, including AI for autonomous vehicles, solid profitability, and strong liquidity.
Tesla (TSLA) scores Baa3 Moody’s rating for ‘stable’ outlook
However, the agency has also noted challenges in the automotive segment and expectations for margin pressures.
Musk’s critique highlights a common debate about how traditional rating methodologies apply to high-growth, capital-intensive technology companies. SpaceX benefits from long-term government-backed contracts and diversified, recurring revenue streams, while Tesla’s valuation reflects heavy investment in future technologies such as autonomy and robotics.
Both ratings remain investment-grade, yet the one-notch difference has fueled online discussion about potential inconsistencies in evaluating innovative firms.
The exchange comes as SpaceX explores financing options following its recent valuation milestones, while Tesla continues executing on its multi-year roadmap. Musk’s pointed response serves as a reminder that credit ratings, though influential for borrowing costs, represent one lens through which markets assess corporate strength—and that company leaders often view their financial positions through the lens of long-term innovation and cash generation rather than short-term risk metrics alone.
News
Tesla Full Self-Driving faces major pushback in Europe
A new report from Reuters claims that a transport authority in Sweden is pushing back against the approval of Tesla’s Full Self-Driving suite because it will travel over speed limits.
The report says the Swedish Transport Administration (TRV) recommends the European Union votes against FSD’s approval. TRV believes it should not be approved until Tesla disables FSD’s ability to speed.
TRV sent a letter to the European Union’s Technical Committee on Motor Vehicles (TCMV), which is set to meet on June 30 to discuss the potential approval of the Tesla FSD suite in the country. Tesla, which has received various approvals in Europe over the past two months, has not provided a comment.
Teslas operating on FSD do travel over the speed limit, depending on the Speed Profile that is chosen. Drivers have the ability to disengage FSD at any point; Tesla specifically states that those supervising the suite are responsible for its actions.
Let’s cut to the chase: humans operating any vehicle speed almost daily in the United States. Realistically, speed limits in the U.S. are more frequently treated as speed minimums. However, other countries are different, and driving behaviors are less aggressive.
TRV believes that “allowing automated systems to systematically exceed legal speed limits…risks undermining both the legal framework and the expected safety benefits of vehicle automation,” the report stated. It’s surprising that Tesla has not received this claim from other countries previously.
This could be a good argument to bring Max Speed back, the setting that previously allowed the driver to choose the absolute fastest the car would travel.
This would still put the responsibility of supervision in the hands of the driver. It would allow the driver to choose whether the car would travel over the speed limit or not, acknowledging that they set the speed, and if they get pulled over, there would be no ability to argue it.
However, it does not seem as if this is something Tesla will do, especially considering many U.S. drivers have requested the feature in an effort to eliminate speeding or at least tone it down. The company has not shown any interest in bringing it back.
Tesla has approvals for FSD in Europe in Estonia, Lithuania, Denmark, the Netherlands, and Belgium.




