The Boring Company is expected to purchase 1.3 acres of land near the Thomas & Mack Center from the University of Nevada, Las Vegas (UNLV). Located on the corner of Tropicana Avenue and University Center Drive, the property, which currently serves as a parking lot, is expected to host a Vegas Loop station.
A land agreement is set for review at the meeting of the Nevada System of Higher Education (NSHE) Board of Regents on March 9. If approved, the Boring Company Loop station will “provide service from the UNLV campus to multiple destinations, which will likely include the convention center, Las Vegas Boulevard, and possibly Allegiant Stadium, Harry Reid International Airport, and LVMD,” as per a briefing paper on the proposed project.
NSHE documents suggest that The Boring Company initiated the land deal as part of its efforts to build out the Vegas Loop system. The Boring Company is determined to purchase the parcel of land at a fair price. “The sale price will be no less than the appraised value of the property, to be determined by a licensed real estate appraiser(s), in accordance with Board of Regents’ policies and procedures,” the document read.
The briefing paper on the Loop station also highlighted a key benefit for the proposed Vegas Loop station, particularly for UNLV students. “The location of a Vegas Loop station on the Property will provide students with another transportation option for accessing employment centers throughout the Las Vegas valley,” the paper read.
Provided that the proposal is approved, the purchase and sale agreement for the upcoming Vegas Loop station will be completed sometime in June. The ULNV station could serve as a connector to Allegiant Stadium and the Las Vegas Convention Center once the Vegas Loop is built out further, as noted in a report from the Las Vegas Sun.
The filing also noted that the Vegas Loop system has earned a gold standard award from the US Department of Homeland Security. This is an important designation, as the system requires Homeland Security approval for SEAR Level 1 events, as noted in a Las Vegas Review-Journal report. SEAR Level 1 represents the highest threat level classification for an event, such as the Super Bowl.
“Clark County and the City of Las Vegas voted unanimously to support the Vegas Loop transportation system. The Vegas Loop project also received a “gold standard” award from Homeland Security. The Vegas Loop stations and tunnels will have security cameras that will be monitored 24 hours a day, seven days a week. The system will serve as a personalized mass transit option consisting of 69 planned stations incorporated into a 65-mile tunnel system. As now envisioned, once fully operational, the Vegas Loop system will serve up to 57,000 passengers per hour at a sample fare rate of $6.00 to $12.00,” the document read.
The Boring Company’s Vegas Loop is expected to comprise 69 stations throughout Las Vegas Boulevard, downtown Las Vegas, and other notable locations. The Las Vegas Convention Center, which already hosts a working Loop system, is expected to serve as a central charging station for the Teslas used in the transportation network.
Below is the briefing paper for the Vegas Loop station.
BFF-12 by Maria Merano on Scribd
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Elon Musk
Tesla CEO Elon Musk sends final warning to Bill Gates over short position
“If Gates hasn’t fully closed out the crazy short position he has held against Tesla for ~8 years, he had better do so soon,” Musk said.
Tesla CEO Elon Musk sent a final warning to former Microsoft CEO Bill Gates over his short position, which he confirmed he held to Musk directly several years ago.
Gates has been a skeptic of Tesla for some time, but he has also tried to work with Musk on philanthropic opportunities several years ago, which was coincidentally when he admitted to the company’s frontman that he held a short position.
Musk was, in turn, “super mean” to Gates, according to Walter Isaacson’s biography about the Tesla CEO. Gates had put $500 million against Tesla, shorting the stock and hoping to profit from its failure.
Elon Musk explains Bill Gates beef: He ‘placed a massive bet on Tesla dying’
A short position essentially means Gates is betting Tesla shares will go down, which would make him money. However, shares have gone up over six percent this year and increased nearly 150 percent over the past five years.
At the recent Annual Shareholder Meeting, Musk made many claims about Tesla’s future projects and how they could manage to disrupt various industries. He also recently had a massive $1 trillion compensation package approved, which will be awarded in twelve tranches, all of which combine a company valuation goal and an individual goal related to a product.
Musk was able to complete his last approved pay package, but it was not awarded due to a ruling by a Delaware Chancery Court. Nevertheless, his track record of proving growth for Tesla shareholders is excellent, and investors are obviously very encouraged by his capabilities as a CEO, considering 76.6 percent of shareholders voted to approve his new compensation.
After it was revealed that the Gates Foundation dumped 65 percent of its Microsoft position for nearly $9 billion, Musk had one final message for him: drop your Tesla short position soon, or else.
If Gates hasn’t fully closed out the crazy short position he has held against Tesla for ~8 years, he had better do so soon
— Elon Musk (@elonmusk) November 16, 2025
Musk’s rivalry with Gates is mostly founded on the Tesla CEO’s discontent with the former Microsoft frontman’s short position. However, Musk might have a bit of a soft spot for Gates, considering he is giving him a warning of what is potentially to come. If he really wanted to do some damage to Gates, he would not give him any heads-up at all.
News
Tesla rolls out most aggressive Model Y lease deal in the US yet
With the promotion in place, customers would be able to take home a Model Y at a very low cost.
Tesla has rolled out what could very well be its most aggressive promotion for Model Y leases in the United States yet. With the promotion in place, customers would be able to take home a Model Y at a very low cost.
Zero downpayment leases
The new Model Y lease promotion was initially reported on X, with industry watcher Sawyer Merritt stating that while the vehicles’ monthly payments are still similar to before, the cars can now be ordered with a $0 downpayment.
Tesla community members noted that this promotion would cut the full payment cost of Model Y leases by several thousand dollars, though prices were still a bit better when the $7,500 federal tax credit was still in effect. Despite this, a $0 downpayment would likely be appreciated by customers, as it lowers the entry point to the Tesla ecosystem by a notable margin.
Premium freebies included
Apart from a $0 downpayment, customers of Model Y leases are also provided one free upgrade for their vehicles. These upgrades could be premium paint, such as Pearl White Multi-Coat, Deep Blue Metallic, Diamond Black, Quicksilver or Ultra Red, or 20″ Helix 2.0 Wheels. Customers could also opt for a White Interior or a Tow Hitch free of charge.
A look at Tesla’s Model Y order page shows that the promotion is available for all the Model Y Premium Rear-Wheel Drive and the Model Y Premium All-Wheel Drive. The Model Y Standard and the Model Y Performance are not eligible for the $0 downpayment or free premium upgrade promotion as of writing.
News
Tesla is looking to phase out China-made parts at US factories: report
Tesla has reportedly swapped out several China-made components already, aiming to complete the transition within the next two years.
Tesla has reportedly started directing its suppliers to eliminate China-made components from vehicles built in the United States. This would make Tesla’s US-produced vehicles even more American-made.
The update was initially reported by The Wall Street Journal.
Accelerating North American sourcing
As per the WSJ report, the shift reportedly came amidst escalating tariff uncertainties between Washington and Beijing. Citing people reportedly familiar with the matter, the publication claimed that Tesla has already swapped out several China-made components, aiming to complete the transition within the next two years. The publication also claimed that Tesla has been reducing its reliance on China-based suppliers since the pandemic disrupted supply chains.
The company has quietly increased North American sourcing over the past two years as tariff concerns have intensified. If accurate, Tesla would likely end up with vehicles that are even more locally sourced than they are today. It would remain to be seen, however, if a change in suppliers for its US-made vehicles would result in price adjustments for cars like the Model 3 and Model Y.
Industry-wide reassessments
Tesla is not alone in reevaluating its dependence on China. Auto executives across the automotive industry have been in rapid-response mode amid shifting trade policies, chip supply anxiety, and concerns over rare-earth materials. Fluctuating tariffs between the United States and China during President Donald Trump’s current term have made pricing strategies quite unpredictable as well, as noted in a Reuters report.
General Motors this week issued a similar directive to thousands of suppliers, instructing them to remove China-origin components from their supply chains. The same is true for Stellantis, which also announced earlier this year that it was implementing several strategies to avoid tariffs that were placed by the Trump administration.
@teslarati 🚨 Tesla Full Self-Driving v14.1.7 is here and here’s some things it did extremely well! #tesla #teslafsd #fullselfdriving ♬ You Have It – Marscott
Tesla CEO Elon Musk sends final warning to Bill Gates over short position
Tesla rolls out most aggressive Model Y lease deal in the US yet
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