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Tesla Model 3 zips through Boring Co. tunnel at 116 mph in latest video

The Boring Company's latest innovations on display in test ride video. | Image: Steve Jurvetson/YouTube

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The Boring Company has been busy refining its tunnel technology since unveiling it last December, and a new video shared by venture capitalist and Tesla board member Steve Jurvetson has provided the best encapsulation of the experience yet.

In the video, a Boring Company team member is first seen transporting Jurvetson and another passenger in a Tesla Model 3 onto the system’s elevator entrance while discussing driver options during the journey. “We usually offer a slower ride on Autopilot or a fast ride [with] manual driving,” the driver explained. The group then sped through the tunnel, reaching a maximum 116 mph while crossing the underground distance from the corner of Prairie & 120th Street to the corner of Crenshaw & Rocket Rd in Hawthorne, CA. Total travel time between each of the the tunnel ends was about one minute.

The Model 3 driver also revealed upcoming self-driving options for future Boring tunnel transits. “Right now Autopilot goes up to 90 [mph], and we’re increasing it to 125,” he detailed. The group traveled using the manual driving option in the video, however. Alongside updates to driving options available, a button labeled “Request Departure” was added to initiate the tunnel journey via the all-electric midsize sedan’s touchscreen, and route information was displayed while underground.

Note: The original video referenced was removed from YouTube shortly after this article was published. Another version was uploaded to Twitter and is posted below.

https://twitter.com/tesla_truth/status/1142235000554676224?s=21

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As seen in the last Boring update posted in May, the Model 3 in the travel demo was not using the vehicle skates present during the company’s opening party. The traffic-busting tunnel now appears to have a much smoother ride thanks to this change, something Boring Company founder Elon Musk previously explained as, “simple and just works.” This change and other subtle additions and modifications demonstrate both Musk’s and the company’s desire to continuously innovate their technology.

The Boring Company was created as a two-fold answer to frustrating traffic situations. First, it’s an alternative travel route that avoids above-ground congestion; and second, it lowers the cost of tunnel boring technology overall by using new design and engineering approaches to old digging machines. The venture’s one-mile demo tunnel was built for about $10 million dollars as compared to the $500-$1 billion dollars it traditionally costs to dig a tunnel of the same length. Notably, Jurvetson simultaneously shared a few photos of the tunnel boring machine being used for the company’s current projects with his video.

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The Boring Company’s latest innovations on display in test ride video. Tunnel route info now available.| Image: Steve Jurvetson/YouTube

The short Hawthorne-based test tunnel isn’t the only transit project Musk’s underground venture has on its manifest. Last month, board members of the Las Vegas Convention and Visitors Authority approved a Boring Company contract to build two tunnels to transport passengers between locations under their convention center. Additionally, an environmental assessment was recently completed for a Boring-built tunnel between Washington DC and Baltimore, Maryland that will enable 15-minute trips between the two destinations. If approved, Hyperloop technology may also be compatible with the system, introducing travel speeds of over 600 mph.

Overall, The Boring Company continues its growth into yet another industry disruption that challenges the status quo. Smoother rides are definitely a step in the right direction, and Autopilot integration seems like a natural fit considering Tesla’s push towards autonomy and long-term vision.

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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Tesla gets price target increase on Wall Street, but it’s a head-scratcher

Delaney’s price target on Tesla shares went up to $395 from $300. Currently, Tesla is trading between $420 and $430, making the new price target from Goldman Sachs a bit of a head-scratcher.

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Credit: Cybertruck | X

Tesla (NASDAQ: TSLA) received a price target increase from a Wall Street analyst today, who noted in his report that the company’s shares could rise or fall based on its execution in robotics and autonomy.

However, the price target boost still fell below Tesla’s current trading levels.

Mark Delaney of Goldman Sachs said in a note to investors today that Tesla has a significant opportunity to solidify itself as one of the stable and safe plays in the market if it can execute on its two key projects: humanoid robots and autonomy.

In the note, Delaney said:

“If Tesla can have [an] outsized share in areas such as humanoid robotics and autonomy, then there could be upside to our price target.”

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Delaney’s price target on Tesla shares went up to $395 from $300. Currently, Tesla is trading between $420 and $430, making the new price target from Goldman Sachs a bit of a head-scratcher.

He went on to say that Tesla could also confront outside factors that would limit the stock’s ability to see growth, including competition and potentially its own lack of execution:

“…although if competition limits profits (as is happening with the ADAS market in China) or Tesla does not execute well, then there could be downside.”

The note is an interesting one because it seems to point out the blatantly obvious: if Tesla performs well, the stock will rise. If it doesn’t, the stock price will decline.

We discussed yesterday in an article that Tesla is one of the few stocks out there that does not seem to be influenced by financials or anything super concrete. Instead, it is more influenced by the narrative currently surrounding the company, rather than the technicals.

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Tesla called ‘biggest meme stock we’ve ever seen’ by Yale associate dean

Tesla’s prowess in robotics and autonomy is strong. In robotics, it has a very good sentiment following its Optimus project, and it has shown steady improvement with subsequent versions of the robot with each release.

On the autonomy front, Tesla is expanding its Robotaxi platform in Austin every few weeks, and also has a sizeable geofence in the Bay Area. Its Full Self-Driving suite is among the most robust in the world and is incredibly useful and accurate.

The company can gain significant value if it continues to refine the platform and eventually rolls out a driverless or unsupervised version of the Full Self-Driving suite.

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Tesla addresses door handle complaints with simple engineering fix

“We’ll have a really good solution for that. I’m not worried about it.”

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Tesla Model S self-presenting door handle
Tesla Model S self-presenting door handle (Credit: TesBros)

Tesla is going to adjust one heavily scrutinized part of its vehicles after recent government agencies have launched probes into an issue stemming from complaints from owners.

Over the past few days, we have reported on the issues with Tesla’s door handle systems from both the Chinese and American governments.

In China, it dealt with the Model S, while the United States’ National Highway Traffic Safety Administration (NHTSA) reported nine complaints from owners experiencing issues with 2021 Model Ys, as some said they had trouble entering their car after the 12V battery was low on power.

Bloomberg, in an interview with Tesla Chief Designer Franz von Holzhausen, asked whether the company planned to adjust the door handle design to alleviate any concerns that regulatory agencies might have.

Regarding the interior latch concerns in the United States:

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  • Von Holzhausen said that, while a mechanical door release resolves this problem, Tesla plans to “combine the two” to help reduce stress in what he called “panic situations.”
  • He also added that “it’s in the cars now…The idea of combining the electronic and the manual one together in one button, I think, makes a lot of sense.” Franz said the muscle memory of reaching for the same button will be advantageous for children and anyone who is in an emergency.

Regarding the exterior door handle concerns in China:

  • Von Holzhausen said Tesla is reviewing the details of the regulation and confirmed, “We’ll have a really good solution for that. I’m not worried about it.”

The new Model Y already has emergency mechanical door release latches in the back, but combining them in future vehicles seems to be an ideal solution for other vehicles in Tesla’s lineup.

It will likely help Tesla avoid complaints from owners about not having an out in the event of a power outage or accident. It is a small engineering change that could be extremely valuable for future instances.

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Elon Musk calls out viral claim of 10,000 Tesla Optimus deal: “Fake”

For now at least, Tesla seems determined to focus on the development of Optimus V3.

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Credit: Tesla Optimus/X

Elon Musk has provided some clarification to recent reports suggesting that PharmAGRI, a US pharmaceutical and agricultural infrastructure company, is looking to deploy 10,000 Optimus robots for its operations.

Musk posted his clarification on social media platform X.

Alleged Optimus purchase

Recently, reports emerged stating that PharmAGRI Capital Partners will be tapping into Tesla’s humanoid robots for its operations. The firm claimed that it had executed a Letter of Intent with Tesla to deploy up to 10,000 Optimus Gen 3+ humanoid robots across its SuperPharm and CEA facilities. This should allow the company to automate its labor and ensure diversion control.

A comment from Lynn Stockwell, Chairwoman & CEO, suggested that the company really was partnering with Tesla. “With Tesla robotics powering our facilities and DEA-licensed infrastructure in place, we can scale with precision, meet federal sourcing mandates, and deliver therapies that are compliant, secure, and American-made,” she said. 

Elon Musk clariies

News of PharmAGRI’s Optimus claims quickly spread on social media, though some Tesla watchers argued that it seemed unlikely that the EV maker will commit two legions of Optimus robots to a rather unknown company this early. Some pointed out that Tesla typically commits to high-profile customers to test its early products, such as PepsiCo with the Tesla Semi. 

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Photos from PharmAGRI’s website depicting Tesla Optimus bots, as well as the rather basic look of the website itself, also brought more reservations to the company’s claims. Ultimately, Elon Musk weighed in on the matter, responding to a post about PharmAGRI’s Optimus-filled webpage. Musk was quick and direct, simply stating, “Fake.”

Elon Musk’s comments were quite unsurprising considering that Optimus is still very much in active development, and thus, it is quite unlikely that the company is already taking orders or even Letters of Intent from potential customers at this time. For now at least, Tesla seems determined to focus on the development of Optimus V3, which Musk has noted will be “sublime.”

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