

News
Tesla Model X pulls 250,000 pounds of muck from Boring Company tunnel
Tesla CEO Elon Musk just shared what could very well be the Model X’s most impressive and most insane feat yet — pulling roughly 250,000-pounds (125 tons) worth of muck and rail cars out of a Boring Co. tunnel. Musk’s video was a response to one of his followers who asked about the electric SUV’s towing limit.
What’s particularly impressive about Musk’s clip was just how effortless it seemed for the Model X to tow the 250,000-pound cargo. Quite unlike the usual tug-of-war videos featuring the Model X battling against ICE heavyweights such as the Hummer H2, the all-electric SUV in Musk’s Twitter video was not spinning its tires or attempting to accelerate quickly. Instead, it was pulling the rail cars out of The Boring Co. tunnel in a very regulated speed, allowing its tires to gain enough traction.
While the Model X’s feats of strength involving vehicles and cargo that are far heavier than its rated 3,500-5,000-pound towing capacity are incredibly impressive, much of it is due to physics. Light vehicles, after all, are capable of pulling heavy cargo provided that they have enough traction and momentum. Nevertheless, the instant torque produced by the Model X’s two electric motors definitely helped the SUV in Musk’s video tow its 250,000-pound cargo from The Boring Company tunnel.
No real surface is perfect, but it did pull about 250,000 lbs of muck rail cars out of a tunnel pic.twitter.com/wlKbLwd0f7
— Elon Musk (@elonmusk) March 22, 2018
Apart from the Model X’s impressive feat, Musk’s recent Twitter video also gave a good idea of the size of the Boring Company’s projects. Based on Musk’s recent video, the size of the startup’s tunnels are really compact. This is in line with Elon Musk’s concept for The Boring Co.’s tunnels, which are designed to be smaller than faster to dig than projects dug by larger, more conventional tunnel boring machines (TBMs).
Apart from being smaller and faster to construct, the Boring Company’s tunnels are also far more affordable than the industry standard. Currently, the average price of tunnels that are dug by conventional TBMs cost around $1 billion per mile. Since the Boring Company’s tunnels are roughly 50% smaller, however, Elon Musk expects to reduce the startup’s tunneling costs by a factor of four.
Despite its advanced tech and novel features such as its Falcon Wing Doors, the Tesla Model X is still an incredibly durable vehicle. As we noted in a report earlier this month, a Model X parked in a Philadelphia, PA office parking lot became the unfortunate victim of a falling tree. During the incident, the tree quite literally fell on the Model X, but despite this, the electric SUV came away from the incident relatively unharmed.
Of course, the Model X is also a formidable force in tug-of-war battles. During Musk’s Twitter session on Thursday, he shared our article about a Tesla Model X being challenged by a Chevy Camaro 350 IROC-Z in a tug-of-war match. The results of that battle are what could be called a classic, electric beatdown.
News
Waymo temporarily halts service in select San Francisco and LA areas amid protests
The suspensions came after several Waymo Jaguar I-Pace robotaxis were vandalized and set ablaze during the demonstrations.

Waymo, Alphabet’s autonomous vehicle subsidiary, has suspended its driverless taxi operations in parts of Los Angeles and San Francisco amid violent protests linked to U.S. Immigration and Customs Enforcement (ICE) raids in the state.
The suspensions came after several Waymo Jaguar I-Pace robotaxis were vandalized and set ablaze during the demonstrations.
Waymo Catches Strays Amid Anti-ICE Protests
Protests erupted in Los Angeles and San Francisco in response to the Trump administration’s immigration raids, which ultimately resulted in California Governor Gavin Newsom calling the White House’s deployment of National Guard troops unconstitutional.
Amidst the protests, images and videos emerged showing several Waymo robotaxis being defaced and destroyed. At least five Waymo robotaxis ended up being caught in the crossfire, and at least one vehicle ended up being burned to the ground.
The incident resulted in the Los Angeles Police Department advising people to avoid downtown areas due to toxic fumes from the robotaxis’ burning lithium-ion batteries. As noted in a KRON4 report, Waymo ultimately halted service in affected areas “out of an abundance of caution.”
Robotaxi Sentiments
The cost of the attacks is notable. Each Waymo robotaxi is valued between $150,000 and $200,000, per a 2024 Wall Street Journal report. Interestingly enough, this is not the first time that Waymo’s robotaxis ended up on the receiving end of angry protesters. On February 24, a Jaguar I-PACE robotaxi was set ablaze and vandalized by a crowd in San Francisco. Videos taken at the time showed a mob of people attacking the vehicle.
Despite the recent attacks on its robotaxis, Waymo has stated it has “no reason to believe” its vehicles were specifically targeted during the protests, as per a report from The Washington Post. A company spokesperson also noted that some of the Waymo robotaxis that were defaced and destroyed during the violent demonstrations had been completing drop-offs near the protest zones.
Investor's Corner
xAI targets $5 billion debt offering to fuel company goals
Elon Musk’s xAI is targeting a $5B debt raise, led by Morgan Stanley, to scale its artificial intelligence efforts.

xAI’s $5 billion debt offering, marketed by Morgan Stanley, underscores Elon Musk’s ambitious plans to expand the artificial intelligence venture. The xAI package comprises bonds and two loans, highlighting the company’s strategic push to fuel its artificial intelligence development.
Last week, Morgan Stanley began pitching a floating-rate term loan B at 97 cents on the dollar with a variable interest rate of 700 basis points over the SOFR benchmark, one source said. A second option offers a fixed-rate loan and bonds at 12%, with terms contingent on investor appetite. This “best efforts” transaction, where the debt size hinges on demand, reflects cautious lending in an uncertain economic climate.
According to Reuters sources, Morgan Stanley will not guarantee the issue volume or commit its own capital in the xAI deal, marking a shift from past commitments. The change in approach stems from lessons learned during Musk’s 2022 X acquisition when Morgan Stanley and six other banks held $13 billion in debt for over two years.
Morgan Stanley and the six other banks backing Musk’s X acquisition could only dispose of that debt earlier this year. They capitalized on X’s improved operating performance over the previous two quarters as traffic on the platform increased engagement around the U.S. presidential elections. This time, Morgan Stanley’s prudent strategy mitigates similar risks.
Beyond debt, xAI is in talks to raise $20 billion in equity, potentially valuing the company between $120 billion and $200 billion, sources said. In April, Musk hinted at a significant valuation adjustment for xAI, stating he was looking to put a “proper value” on xAI during an investor call.
As xAI pursues this $5 billion debt offering, its financial strategy positions it to lead the AI revolution, blending innovation with market opportunity.
News
SpaceX to debut new Dragon capsule in Axiom Space launch
Ax-4’s launch marks the debut of SpaceX’s latest Crew Dragon and pushes Axiom closer to building its own space station.

Axiom Space’s Ax-4 mission targets the International Space Station (ISS) with a new SpaceX Crew Dragon capsule.
The Axiom team will launch a new SpaceX Dragon capsule atop a Falcon 9 rocket from NASA’s Kennedy Space Center in Florida on Wednesday at 8:00 a.m. EDT (1200 GMT). The Ax-4 mission launch was initially set for Tuesday, June 10, but was delayed by one day due to expected high winds.
As Axiom Space’s fourth crewed mission to the ISS, Ax-4 marks the debut of an updated SpaceX Crew Dragon capsule. “This is the first flight for this Dragon capsule, and it’s carrying an international crew—a perfect debut. We’ve upgraded storage, propulsion components, and the seat lash design for improved reliability and reuse,” said William Gerstenmaier, SpaceX’s vice president of build and flight reliability.
Axiom Space is a Houston-based private space infrastructure company. It has been launching private astronauts to the ISS for research and training since 2022, building expertise for its future station. With NASA planning to decommission the ISS by 2030, Axiom has laid the groundwork for the Axiom Station, the world’s first commercial space station. The company has already begun construction on its ISS replacement.
The Ax-4 mission’s research, spanning biological, life, and material sciences and Earth observation, will support this ambitious goal. Contributions from 31 countries underscore the mission’s global scope. The four-person crew will launch from Launch Complex 39A, embarking on a 14-day mission to conduct approximately 60 scientific studies.
“The AX-4 crew represents the very best of international collaboration, dedication, and human potential. Over the past 10 months, these astronauts have trained with focus and determination, each of them exceeding the required thresholds to ensure mission safety, scientific rigor, and operational excellence,” said Allen Flynt, Axiom Space’s chief of mission services.
The Ax-4 mission highlights Axiom’s commitment to advancing commercial space exploration. By leveraging SpaceX’s Dragon capsule and conducting diverse scientific experiments, Axiom is paving the way for its Axiom Station. This mission not only strengthens international collaborations but also positions Axiom as a leader in the evolving landscape of private space infrastructure.
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