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The Boring Company to connect Brightline to Fort Lauderdale Beach in 3 mins

(Credit: The Boring Company)

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The Boring Company’s (TBC) unsolicited proposal to Fort Lauderdale for a Las Olas Loop was recently made public, revealing some more details about the Miami tunnel project. 

The Boring Company submitted an unsolicited proposal for the Las Olas Loop in Fort Lauderdale on June 21, 2021, paying a $25,000 fee to the city. Full details of the proposal were kept confidential according to state law until recently, when confidentiality rules expired. 

As per The Next Miami (TNM), TBC proposed a tunnel system that would bring passengers from Fort Lauderdale to the beach in 3 minutes. Similar to the Las Vegas Convention Center (LVCC) Loop in Sin City, Fort Lauderdale’s Las Olas Loop will use Teslas to transport passengers through the system. The Tesla cars will be moving at an average speed of 50 miles per hour, as per the proposal. 

The Boring Company leaves room for expanding the Las Olas Loop in its proposal through Brightline stations, specifically one located in Fort Lauderdale at 101 NW 2nd Avenue. For the Las Olas Loop expansion, TBC proposed potential stations in the following locations: 

  • FLL Airport
  • The proposed Brightline Station next to FLL Airport
  • Port Everglades
  • The resorts area
  • Fort Lauderdale Tri-Rail station
  • The Galleria mall
  • Carter Park
  • DRV PNK Stadium

Las Olas, Downtown Fort Lauderdale, and Lauderdale Beach are within range of the Brightline station via bike or rideshare. The Fort Lauderdale Brightline station also provides passengers access to the Museum of Discovery and Science, The Broward Center for the Performing Arts, and NSU Art Museum Fort Lauderdale. Brightline has lines in Miami and West-Palm-Beach as well, with plans to add an Orlando station soon. 

Credit: The Next Miami (TNM)

TBC offered to build the initial tunnel system of the Las Olas Loop at its own expense, guaranteeing a solid maximum price. The city can opt to repay the tunneling company in installments. Fort Lauderdale sent a letter to Governor Ron DeSantis requesting state funding for the Boring Company tunnel earlier this year. 

In the letter, Vice Mayor Heather Moraitis wrote that the city has welcomed an influx of new residents who decided to make Fort Lauderdale their new home after feeling the effects of the pandemic. She disclosed that the Florida Office of Economic and Demographic Research (EDR) projects the city will add 845 residents daily until 2025. 

The city’s growth will likely sprout some challenges, including traffic congestion. Moraitis wrote that traditional solutions might not resolve future traffic challenges and sought support for Fort Lauderale’s TBC Las Olas Loop.

“Building more bridges will congest our approximately 165 miles of intercoastal waterways, frustrate our marine industry and our commuters. While increasing rail options are a good thing, piling on top of current infrastructure doesn’t make long-term sense. Tunneling is that cost-effective and cutting-edge solution,” wrote Moraitis in the letter to Gov. DeSantis.

Last month, the Fort Lauderdale Commission voted to move toward the next step in The Boring Company project. The vote allows for more detailed negotiations with TBC about the Las Olas Loop. 

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Maria--aka "M"-- is an experienced writer and book editor. She's written about several topics including health, tech, and politics. As a book editor, she's worked with authors who write Sci-Fi, Romance, and Dark Fantasy. M loves hearing from TESLARATI readers. If you have any tips or article ideas, contact her at maria@teslarati.com or via X, @Writer_01001101.

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Elon Musk

The Boring Company’s newest tunnel vehicle runs on Tesla parts and no one is driving it

The Boring Company’s new tunnel vehicle runs on Tesla Model 3 batteries and drive units.

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The Boring Company just introduced a new piece of hardware, and it runs on parts pulled straight from a Tesla showroom. Liner Truck 3, unveiled in a post from the tunneling company’s official X account, is an all electric vehicle built around Tesla Model 3 battery packs and drive units, purpose built to move concrete tunnel segments to the boring machine face without a single person underground.

The job itself is unglamorous but critical. Each precast segment run weighs more than 22,000 pounds, roughly the load of a full cement mixer, and Liner Truck 3 hauls that weight repeatedly between the surface staging area and wherever the Prufrock machine happens to be cutting.

The Boring Company said Liner Truck 3 is piloted remotely out of its Global Operations Control Center in Texas, extending the Zero-People-In-Tunnel approach the company has spent years building toward. An earlier version of a ZPIT liner truck was already tested at the company’s Bastrop, Texas research tunnels, and a factory tour released last month showed an employee flying a fully loaded liner truck with a PlayStation controller. Liner Truck 3 looks like the production version of that same idea, cleaned up and pushed into daily use.

The timing lines up with a company digging in more places than it ever has before. The Boring Company now has multiple Prufrock machines active or arriving in Nashville, where Music City Loop construction has been accelerating since February, and its Vegas Loop network keeps adding tunnel mileage on a near monthly basis. Every one of those projects depends on getting concrete segments to the cutting face fast enough to keep the boring machine from idling, which is exactly the bottleneck Liner Truck 3 is designed to remove.

It also reinforces something Tesla owners have watched happen gradually across Musk’s companies: passenger car hardware finding a second life in heavy equipment. Model 3 drive units already move people through the Vegas Loop, and now the same components are hauling concrete underground in Nashville and wherever The Boring Company digs next. Whether that kind of component reuse extends further into TBC’s equipment lineup, or into other Musk owned industrial hardware, is the next thing worth watching.

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Elon Musk

Elon Musk and SpaceX shrugs off the trading day Wall Street feared most

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Rendering of Elon Musk overlooking a Starship fleet (Credit: Grok)

SpaceX stock did the opposite of what most of Wall Street expected this week, when the day designed to be its most dangerous turned into a rally, and the rally kept going.

Thursday marked the first major lockup expiration since SpaceX’s June IPO, making roughly 911.5 million insider held shares eligible to trade for the first time, more than doubling the company’s public float. Analysts and short sellers had spent weeks bracing for a flood of selling, especially after the stock fell 13 percent following its first earnings report as a public company on Tuesday. Instead, shares rose 6.1 percent Thursday to close at $114.92, and by Friday they were trading near $129, up more than another 12 percent on the day.

SpaceX shorts get warned by Musk ally, echoing Tesla’s early struggles

The setup made the outcome notable. Short interest had climbed to roughly 34 percent of the float heading into earnings, among the highest of any large cap stock, with about 95 percent of available shares to borrow already on loan. CEO Elon Musk warned short sellers twice in the weeks before the lockup, writing on X that “the survival probability of firms who maintain a significant short position in SpaceX over time is very low,” then following up on the morning of earnings with “I try to warn them, but they just double down.”

When the newly unlocked shares hit the market and the selloff never showed up, some of that short position appears to have started unwinding. TipRanks reported that options activity shifted toward bullish strategies like put selling and risk reversals following the rally, with roughly $600 million in options premium trading Thursday alone. Retail buyers also stepped in during the earnings dip, according to Vanda Research.

The fundamentals behind the stock have not changed much in a week. SpaceX’s revenue nearly doubled year over year to $7.8 billion, with Starlink subscribers doubling to 12 million and the company’s AI segment growing 247 percent. What spooked investors on Tuesday was the spending side. Capital expenditures jumped to more than $18 billion for the quarter, up from $2.8 billion a year earlier, with AI investment alone rising from $749 million to $15.8 billion. Wall Street remains split on whether that spending is building infrastructure SpaceX needs or outrunning what the business can currently support, a debate Teslarati has tracked since shares first came under pressure.

None of that resolves the bigger question hanging over the stock. Thursday’s release was only the first of nine staggered lockup tranches, with roughly $800 billion worth of additional shares scheduled to become eligible through October, and Musk’s own stake stays locked until next June. If this week is any indication, the market is treating that supply as something it can absorb rather than something to fear, at least for now.

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The Boring Company’s newest Vegas Station has a permit quietly waiting behind it

Sahara Las Vegas opened a new Vegas Loop station, joining an exclusive two resort transit club.

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Sahara Las Vegas opened a new Vegas Loop station Thursday, giving The Boring Company’s underground transit system its northernmost stop yet on the Strip. The station sits at Sahara’s Paradise Road entrance, on the southeast corner of Las Vegas Boulevard and Sahara Avenue, and connects riders to the Las Vegas Convention Center, other Strip resorts on the network and, eventually, Harry Reid International Airport.

The addition makes Sahara the second resort, after Fontainebleau opened its own station in January, to get a stop built at street level rather than tucked into the property itself. Sahara now joins Westgate as the only two Strip resorts offering both a Vegas Loop station and a stop on the Las Vegas Monorail, giving guests two separate ways to get around without leaving the property.

The Boring Company just doubled its tunneling power in Nashville

The bigger news buried in Thursday’s announcement is what comes next. Boring Company has already secured its first permit to tunnel north of Sahara Avenue, extending the network beyond where it currently ends, even though permits to push the Loop toward downtown Las Vegas still haven’t been granted. Crews are also working on a two mile dual tunnel line running from Westgate to a planned station at 4744 Paradise Road, just north of Tropicana Avenue, that Las Vegas Convention and Visitors Authority CEO Steve Hill has said the company hopes to open in time for November’s Las Vegas Grand Prix.

Ridership has grown alongside the buildout. The Loop moved roughly 82,000 passengers during CONEXPO in early March, a total the company highlighted on its own X account at the time, and the system has now carried more than 4 million passengers through 11 open stations since it began running in 2021. The airport connector tunnels, meant to give the Loop a direct link to Harry Reid, have slipped past their original first quarter target and remain under construction, with Boring Company director Mike Baier saying that a full opening is still a few months out.

For Sahara, the calculation is straightforward. Convention traffic drives a large share of Loop ridership, and a station at the property’s front door gives conventiongoers one more reason to book rooms on the Strip’s north end instead of closer to the convention center itself.

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