Connect with us

News

The Boring Co. secures land in major LA corridor for upcoming Loop station

Published

on

The Boring Company has secured a parcel of land in West Los Angeles for a future Loop station along its first LA-route. As could be seen in recent sale records and filings with the office of the Secretary of State of the State of California, Elon Musk’s tunneling startup under the entity name “TBC – The Boring Company” secured a commercial-zoned property located at 2352-2356 S Sepulveda Boulevard in April of this year.  

The property lies along the path of the Boring Company’s proposed 6.5-mile long proof-of-concept tunnel that would run from northeast Westchester to Brentwood, one of the most traffic-congested sections in the West Los Angeles area. The tunnel system, a section of which seems to be nearing completion based on recent social media teasers from The Boring Company, would run under Sepulveda Blvd. and right across Culver City.

The location of the land purchased by the company was initially tipped off to us by Robert of the Talking Tesla podcast, who posted a photo of the site as a response to a tweet from the tunneling startup. The location, which could be seen on Google Maps, appears to have been used previously as a wood storage area. The land itself was sold through Marcus & Millichap, a commercial real estate brokerage firm. Marcus & Millichap was offering the land for $4.7 million, and as public records show, on February 1, 2018, it was purchased for a price of $4.6 million.

Note: “The Boring Company” logo added to the Google Maps Streetview for emphasis

Advertisement

The Sepulveda Blvd. lots were purchased by Jadejams Property LLC, which was newly incorporated in January 2018. On February 1, Jadejams purchased the land from Marcus & Millichap. Filings submitted to the office of the Secretary of State of the State of CA reveal that Jadejams Property LLC is listed with a business address of 12200 Crenshaw Blvd., which is the street adjacent to SpaceX’s headquarters and right above the Boring Company’s test tunnel. Furthermore, Jadejams Property LLC’s filings also list The Boring Company as its sole manager. Jared Birchall, who is linked to Elon Musk through Neuralink, is listed as the person who completed Jadejams Property LLC’s filing.

The Boring Company’s Loop stations are designed to be small loading zones and exits where passengers could use for access to the company’s underground tunnel system. Passengers in the Loop system would be carried from one destination to another in an electric-powered pod, which would be manufactured by Tesla and be capable of transporting up to 16 passengers at a time. The Loop system will not use vacuum sealed tunnels and hence, will not support hyperloop transport. Nevertheless, the pods in the Loop would still be able to reach speeds of up to 150 mph, thanks to an eight-wheel design that would be fitted on the sides of the vehicle. The Loop system is set to be used by the Boring Company in the Chicago-O’Hare high-speed transport system, which is set to begin in the near future.

According to Elon Musk, The Boring Company would be offering free demo rides on the Hawthorne test tunnel soon. If the company’s recent social media uploads from the tunneling startup are any indication, test rides in the test tunnel would be both an exhilarating and colorful experience for passengers.

Advertisement

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

Advertisement
Comments

Elon Musk

President Trump touts new Air Force One with Musk technology

Published

on

Credit: Air Force

President Donald Trump unveiled an upgraded Boeing 747-8 at Joint Base Andrews on June 19, 2026, describing the Qatar-gifted aircraft as an interim Air Force One equipped with advanced communications systems, including Starlink, Elon Musk’s SpaceX satellite internet service.

The plane, valued at around $400 million and modified for presidential use, serves as a bridge until the delayed VC-25B replacements arrive. Trump highlighted its luxury features and new technology during remarks to service members.

Trump stated:

“We have communication equipment up there that nobody’s ever seen before. It’s the highest level and, uh, including Starlink. My friend Elon is going to be very happy, but, uh, Starlink and we have, uh, four or five different sets of double and triple communications like people haven’t seen.”

Advertisement

He added:

“And it represents what can happen with hard work, innovation, and aggressive timelines because we did this quickly and yet there’s never been communication like is on this plane.”

The aircraft features a redesigned red, white, and blue livery and has been outfitted with Starlink satellite connectivity alongside other secure systems.

Trump praised the plane’s uniqueness, calling it among the world’s most luxurious. The gift from Qatar and subsequent modifications have drawn attention, with the jet positioned as a solution for presidential travel. It is expected to support operations, including potential ceremonial roles such as Fourth of July flyovers.

The event marked the formal introduction of the converted jet, which will help maintain capabilities while the primary Air Force One fleet undergoes modernization. Defense observers note the inclusion of commercial satellite technology like Starlink as part of efforts to ensure resilient communications, crucial to keep the country running as the President is in the sky.

Advertisement

President Trump’s comments underscored appreciation for rapid upgrades and innovation in equipping the aircraft. The plane remains a U.S. government asset and is slated for eventual transfer related to presidential library purposes after its service.

Continue Reading

News

Tesla Cybercab launch is imminent after latest sighting at Giga Texas

Published

on

Credit: Joe Tegtmeyer | X

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.

Advertisement

Giga Texas drone operator Joe Tegtmeyer noticed the change today:

Advertisement

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.

Advertisement

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.

Advertisement
Continue Reading

News

Elon Musk says this part of Tesla ‘makes no sense’

Published

on

Justin Pacheco, Public domain, via Wikimedia Commons

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.

Advertisement

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.

Advertisement

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.

Advertisement

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.

Continue Reading