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NYC subway closure canceled, Elon Musk’s Boring Company tapped for ideas to improve other systems

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8 years ago

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The Governor of New York State, Andrew Cuomo, announced on Thursday evening that the current plan to shut down the 225,000 commuter-strong L-train tunnel in the New York City public transportation system for a 15-month-long repair process will no longer be necessary due to a plan implementing new reconstruction techniques. After consulting with a panel of expert engineers from Columbia and Cornell Universities, a new design was proposed to be used in the tunnel which would streamline the repair process and require closures during nights and weekends with partial train tunnel service still available. When asked in a conference call Friday whether other innovators such as Elon Musk of Tesla and The Boring Company were consulted, the governor said Musk had not advised on this specific issue, but was consulted on improvements to the subway’s signaling system. The Metropolitan Transport Authority (MTA), New York’s transportation network, accepted the Governor’s panel recommendations following the announcement.

The L train tunnel under the East River connecting Brooklyn and Manhattan in New York, known as the Canarsie Tunnel, was damaged during Hurricane Sandy, the Category 3 major hurricane which affected the entire eastern seaboard of the United States in 2012. Its storm surge hit NYC on October 29, flooding huge portions of the island, including 9 of the 14 underwater tunnels in the city’s transport system. Of these, 6 have already been repaired. According to the MTA, the damage to the Canarsie Tunnel is comparable to tunnel damage experienced on 9/11, underlining the extent of the repairs needed and the reason behind the original required shutdown.

Saltwater flooding in from the East River during Sandy significantly damaged the infrastructure of the 7,100-foot-long tunnel, including tracks, signals, switches, cables, and lighting. The flood waters additionally filled protected cable tube pathways called “duct banks” throughout the tunnel, and once dry, the silt hardened to a cement-like consistency inside them, making it impossible to rip out and restore the damaged components. Canarsie Tunnel also opened in 1924, adding age to the brewing number of problems being amplified by the lingering effects of corrosive saltwater remnants from Sandy.

In 2016, residents were informed the tunnel was possibly going to be shut down for 15 months to address the extensive repairs, causing significant commute challenges for the approximately 225,000 riders depending on the service. The date for service closure was scheduled to begin April 27, 2019, but the impending deadline motivated Governor Cuomo to seek out alternative solutions. “I can’t tell you the number of people in Brooklyn who have looked me right in the eye and said, ‘Are you sure that there is nothing else that can be done and there’s no way you can possibly shorten this?’,” Cuomo stated in a recent press conference announcing the new subway repair plan.

The repair announcement was the end result of a review process Governor Cuomo began on December 14, 2018, wherein he and a consulting team walked through the damaged tunnel to assess the repairs needed first hand. While the plan will take longer than the original project’s timeline – 20 months instead of 15 – the ability to remain open during the repairs is a welcome relief for city residents. The technology that will enable the tunnel to remain open includes wire wrapping along with ultrasound and laser measurement (LIDAR) tools to assess and monitor damage. Engineers from Cornell University’s College of Engineering and Columbia University’s Fu Foundation School of Engineering and Applied Science with expertise in the type of construction involved were the primary sources for the solutions chosen.

Similar to the innovations that came from Musk’s Boring Company tunneling project, the governor has hopes that the unique system planned for the Canarsie Tunnel will inspire other similar repair projects. “This could be a national model because it is a totally different way to reconstruct a tunnel,” Governor Cuomo touted at the press conference. Also, according to the governor, the techniques in the new plan have been implemented in projects in Europe before for bridge repair, but not in tunnel reconstruction. He hopes to bring more out-of-the-box innovations to the city’s transportation as well. In reference to Elon Musk’s companies, he said, “I don’t believe a time where they’re talking about flying cars and you can get into a car and drive 100 miles on the LIE and never touch the steering wheel, that there’s not a better technology that can regulate the trains!”

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For more about the announcement and repair plan, watch Governor Cuomo’s press conference below:

 

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Accidental computer geek, fascinated by most history and the multiplanetary future on its way. Quite keen on the democratization of space. | It's pronounced day-sha, but I answer to almost any variation thereof.

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Investor's Corner

Tesla reports Q3 Earnings today: here’s what to expect

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54 minutes ago

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October 21, 2026

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Credit: TechOperator | X

Tesla (NASDAQ: TSLA) reports its earnings for Q3 today. Here’s what to expect, as the company will reveal its balance sheet after the market closes on Wednesday.

Tesla already reported deliveries just after Q3 ended, and it demolished Wall Street consensus estimates of roughly 462,000 vehicles. Tesla delivered 486,532 cars in the third quarter, which was a big beat, but was down 2.1 percent from the same quarter last year. Energy storage deployments were 13.7 GWh, up year-over-year.

Tesla showrooms picked clean ahead of Q3 end as demand looks strong

For the quarter, analysts have already compiled their predictions for what Tesla will report this afternoon:

  • Total Revenues: $28.34B
  • Non-GAAP EPS: $0.43
  • Operating Margin: 2.5%
  • Operating Income: $721M
  • Free Cash Flow: ~-$4.51B

Here are a few things we are looking forward to hearing about on the call:

Automotive Gross Margin and Overall Profitability

This was 16.3 percent in Q2, down from 19.2 percent in Q1, and was impacted by warranty charges and some fading regulatory credits. Consensus implies overall gross margin near 18 percent, but a miss here would potentially reinforce concerns about pricing pressure on its vehicles.

Pay attention to energy storage margins as well, especially since Tesla missed GWh expectations, although it was still a strong quarter.

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Robotaxi/Cybercab, Unsupervised FSD, and Optimus Progress

The Say questions from retail investors usually focus on these types of projects, and this quarter is no different. Scaling the Cybercab fleet beyond Austin amid the open NHTSA safety review, timeline for Unsupervised FSD in customer cars, Robotaxi unit economics, and Optimus cost per unit plus when it could start generating revenue, are all things to be looking for.

Any concrete timelines or regulatory path details will likely move the stock more than the near-term numbers. SpaceX merger speculation, which was detailed during SpaceX’s earnings call last night, may also surface, although the key details were shared last night.

Elon Musk just confirmed the Tesla and SpaceX merger step everyone was waiting for

Say Investor Questions

  1. How does the Cybercab fleet scale past Austin, and what’s the regulatory path outside Texas given NHTSA’s open safety review?
  2. When can we anticipate FSD unsupervised in customer cars?
  3. When will the CyberCab be available for customer purchase/ownership?
  4. What’s the unit economics per paid robotaxi mile, and how does it compare to the thirty-cent target?
  5. Tesla has acknowledged that HW3 vehicles cannot support unsupervised FSD. When will owners know whether they can upgrade their hardware for free, and when will Tesla provide a clear plan?

The full Earnings Call will be streamed this evening after market close around 5 p.m. this evening.

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SpaceX confirms Starship 15 launch window with massive ambitions

Published

3 hours ago

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October 21, 2026

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Credit: SpaceX

SpaceX confirmed the date of Starship’s 15th launch window with some massive ambitions for the mission, as it will attempt to catch Ship for the first time.

CEO Elon Musk confirmed during SpaceX’s Earnings Call last night on October 20 that it would launch Starship for its 15th test flight in November, and there are some incredible things the company wants to try, making it perhaps the most groundbreaking launch in the program’s history.

SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms

The most major development of the call was SpaceX’s intention to catch Ship alongside catching the Super Heavy Booster, something that has happened in the past. SpaceX showed an animation of the Ship catch, which will be done on the launch tower’s chopsticks:

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This monumental goal is to catch both the Ship and Booster in a dual-catch scenario, an incredible feat since SpaceX has never been able to reuse a Ship after launch. Musk said it would be “the first time that an orbital launch vehicle has been fully recovered,” and said it would be a “profound technology milestone.”

Musk said the odds of success on this first Ship catch attempt are “more likely than not,” but SpaceX is ultimately prepared for more tries moving forward. The SpaceX frontman said that, starting next year, Starship would have a “steady stream” of flights through the end of the year.

The cadence will accelerate in 2027, with Musk stating the company plans to target weekly flights in the first half of 2027 and twice-weekly by year-end.

The Flight 15 attempt follows that of Flight 14, which took off in late September and was Starship’s first orbital mission. It deployed 26 Starlink V3 satellites, accomplished a controlled ocean splashdown of both stages, and shed more light on potential challenges for the program moving forward.

As of now, the Starship program is firing on all cylinders.

Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.

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Investor's Corner

SpaceX stock gets a slew of price target boosts after bullish earnings call

Published

4 hours ago

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October 21, 2026

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Wall Street analysts rapidly raised price targets on SpaceX (NASDAQ: SPCX) after the company reported a bullish third quarter for 2026 following the market close on October 20. Shares were sent sharply higher in after-hours and premarket trading.

SpaceX posted revenue of $14.6 billion, a 161 percent year-over-year increase that comfortably topped consensus estimates, which fell near $12.7 billion. The company also posted a net profit of $4.4 billion from a prior-year loss, with adjusted EBITDA reaching $8.8 billion.

Its Super Intelligence (AI) division generated roughly $7.6 billion and became the largest revenue contributor, growing nearly 830 percent year-over-year, while the Connectivity segment delivered $5.2 billion on strong subscriber additions that lifted the consumer base to 13.6 million for Starlink.

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The Earnings Call proved especially catalytic, as CEO Elon Musk and CFO Bret Johnsen outlined Q1 2027 revenue guidance of $33 billion to $37 billion, which was far above the roughly $22 billion analysts had modeled, alongside fourth-quarter capital-expenditure plans of $35 billion to $40 billion focused on AI compute infrastructure at sites including Memphis and Southaven.

SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms

Management targets 2.5 to 3 gigawatts of nameplate compute capacity by year-end and discussed pathways to 13 gigawatts or more by the end of 2027. Musk described relentless demand from hyperscalers and other customers, with compute pricing supporting payback periods of less than a year and potentially as short as six months.

Additional highlights included Starship’s recent orbital success and V3 satellite deployment, Starlink pricing and enterprise momentum, rapid Grok Bot adoption, spectrum expansion plans, and the formation of special committees to explore a possible combination with Tesla.

These elements prompted a wave of price-target increases:

  • JPMorgan more than doubled its target to $500 from $240 while maintaining an Overweight rating.
  • Cantor Fitzgerald lifted its target to $345 from $246 (Overweight).
  • Barclays raised its target to $300 from $254 (Overweight).
  • Citi increased its target to $240 from $200 (Buy),
  • UBS moved to $230 from $210 (Buy), and
  • TD Cowen raised its target to $224 from $200 (Buy).
  • Morgan Stanley held an Overweight rating with a $300 target.
  • Other firms also adjusted higher, including Wells Fargo (to $274 from $214) and Clear Street (to $248 from $217). Analysts broadly cited the strong quarterly print, accelerating AI compute expansion, Starlink progress, and Starship milestones as drivers of higher long-term growth and earnings power.

Shares, which closed at $147.79 on October 20, jumped roughly 8 percent in early premarket trading on October 21 as investors digested the results and the newly elevated Street targets.

The average analyst price target has moved higher, which reflects greater conviction in SpaceX’s trajectory across launch, connectivity, and the Super Intelligence business, even as elevated spending remains a point of focus.

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