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The Boring Company’s gantry and next-gen TBM takes shape ahead of Chicago project
While The Boring Company is hard at work preparing for the upcoming public showing of its proof-of-concept tunnel in Hawthorne, CA on December 10, the tunneling startup also appears to be laying the foundations for its high-profile transport project in Chicago. The project, which would connect downtown Chicago to O’Hare airport, is expected to break ground within the next few months.
The contract for the Chicago-O’Hare transport line had several key bidders, including veteran conglomerates with decades of experience in building transportation systems. Quite surprisingly, Chicago awarded the contract for the project to the young tunneling startup, partly due to The Boring Company’s commitment to funding the tunnel system through private investors. In true Elon Musk fashion, the timeline for the Chicago tunnels is aggressive, with the startup aiming to have the high-speed systems operational in 18-24 months after the initial digging.
The Boring Company has issued few updates on the Chicago project since it won the contract last June. Save for an image of a tunnel boring machine gantry that was shared on Twitter; the tunneling startup has been quite silent about the progress of its preparations for the high-profile project. Earlier this month, though, Teslarati photographers Pauline Acalin and Tom Cross were able to snap more images of the TBM gantry being built for the Chicago transport line. What’s more, sophisticated equipment in the same site also suggests that a large machine — possibly The Boring Company’s new TBM — is under construction.
- The Boring Company’s site for the assembly of its TBM gantry and its next-generation boring machine. [Credit: Pauline Acalin/Teslarati]
- The Boring Company’s site for the assembly of its TBM gantry and its next-generation boring machine. [Credit: Pauline Acalin/Teslarati]
The Boring Company’s construction site for its gantry and TBM. [Credit: Pauline Acalin/Teslarati]
During the Boring Company’s information session earlier this year, Elon Musk described the design of the startup’s tunnel boring machines. According to Musk, Godot, the company’s first TBM, is a conventional tunneling machine. Line-Storm, which was announced by Musk on Twitter last October, would be a hybrid, with parts from conventional boring machines and custom hardware designed by the company. Thanks to its hybrid nature, Line-Storm would be 2x faster than Godot. Proof-Rock, a third-generation TBM, will be developed entirely by the Boring Company, and it would be 10-15x faster than conventional TBMs.
It remains to be seen if the machine seemingly being assembled at the Hawthorne site is Line-Storm or Proof-Rock. That said, the Boring Company’s TBM for Chicago would most likely feature the startup’s most advanced tunneling tech yet. During the information session, Musk stated that the company’s boring machines, thanks to their electric nature (or partially-partially electric in the case of Line-Storm), the Boring Co’s machines are around 3x more powerful than conventional TBMs. The TBMs will be powered by Tesla batteries as well, eliminating the need for cabling in the actual tunneling site.
- A TBM gantry under construction. [Credit: Pauline Acalin/Teslarati]
- The Boring Company’s construction site for its gantry and TBM. [Credit: Tom Cross/Teslarati]
- The Boring Company’s next-gen tunnel-boring machine seen in its early stages, October 5th. [Credit: Tom Cross/Teslarati]
The Boring Company’s construction site for its gantry and TBM. [Credit: Pauline Acalin and Tom Cross/Teslarati]
The Chicago-O’Hare line is the Boring Company’s most ambitious project to date, estimated to be more than 17 miles long and costing around $1 billion when it’s complete. The transport line would feature the Loop System, which utilizes electric pods designed to transport up to 16 commuters at a time. The pods, which would be constructed by Tesla Inc., are all-electric, and are capable of traveling up to 150 mph. Seemingly as a means to make the manufacturing of the Urban Loop pods quicker and more efficient, Tesla would be using the Model X chassis as a basis for the vehicles.
Apart from the work being done on the Chicago TBM gantry, as well as the apparent assembly of its next tunnel boring machine, The Boring Company is also hard at work in completing its Hawthorne tunnel, which is set for public showing this coming December 10. A prototype garage-elevator concept that connects directly to the Hawthorne test tunnels is also being built on a private lot at 120th Street and Prairie Avenue, roughly halfway in the company’s 2-mile Hawthorne test tunnel.
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.
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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.




