The Musk Test Tunnel will be unveiled: Vehicles will drive at 249 kilometers per hour

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 The Musk Test Tunnel will be unveiled: Vehicles will drive at 249 kilometers per hour


Local time December 18, 2018, Los Angeles, the United States, Musks Tunnel Company (Boring Company) in the vicinity of Los Angeles test tunnel. Visual Chinese Map

Musk is finally about to unveil a test tunnel for Boring Company, its tunnel digging company.

On December 18, local time, Fortune magazine reported that Musks Boring Company was ready to unveil its first test tunnel, along with self-driving vehicles that could travel at 155 miles per hour (249 kilometers per hour).

Its two years since Musk first announced that tunnels had been excavated to avoid congested ground traffic and make public transport more efficient.

The test tunnel is located in Hawthorne, the headquarters of SpaceX in Los Angeles, about two miles from SpaceX.

As part of the project, Boring Company is also testing the surrounding tunnels to buy property, which has also upset some local businesses, Bloomberg reported. Some companies located near the test tunnel said they were affected by the project, with trucks blocking access or being forced to move out of their original locations.

A spokesman for Boring Company said that the company was committed to being a good neighbor and had ensured that its presence in the area was not a burden for residents and business owners. The fact is that we did not interfere with the local community in Hawthorne. Compared with any other construction project, the result is obvious.

The spokesman added that the underground nature of the project made it particularly unnoticeable. As for any traffic related to the tunnel, the company has apologized to the affected stores, They have been very good and welcome the neighbors very much.

The opening of the test tunnel was scheduled for Dec. 10, but was later postponed. Earlier, Boring Company said that the Hawthorne Tunnel would serve as a proof-of-concept site for the underground pipeline traffic relief system and would run at 150 miles (240 kilometers) an hour.

On Twitter, Musk said that the opening ceremony would adopt modified but fully legal road automatic transport vehicle and ground to Tunnel Car elevators. In addition, Boring Company is building a medieval-style tower out of tunneled soil, and actors in medieval costumes will participate in the conference.

However, according to the Wall Street Journal, citing people familiar with the situation, part of the funding for the construction of the test tunnel came from SpaceXs project funds. According to people familiar with the matter, this approach has shocked some long-term investors in SpaceX, including Peter Thiels Founders Fund, the largest outside investor. In addition, in recent months, investors have learned that in addition to the transfer of SpaceX resources and staff to Boring Company, Musk can maximize all future profits.

As a result, investors questioned why SpaceX could invest part of its money in a company whose main beneficiary was Musk. Boring Company has previously said that 90% of the companys equity is owned by Musk and the rest belongs to early employees.

At an internal meeting this year, the founding funds partners debated how to deal with SpaceXs resource transfer, worrying about members of its board and other executives, according to people familiar with the matter. According to the Wall Street Journal, the board of SpaceX has never voted on Boring Company, which allocates resources to Musk.

Boring Company later offered SpaceX some equity as compensation for the companys financial help, according to the Wall Street Journal, but the move had never been publicly disclosed before. SpaceX has not officially notified its investors, some of whom said in interviews that they did not know. SpaceX currently holds about 6% of Boring Companys equity, a SpaceX spokesman said, which is based on the value of land, time and other resources contributed by the company since its inception. But the spokesman declined to comment further on the deal. Musk also declined to comment through a spokesman. In a statement, the Founder Fund briefly introduced the relationship between SpaceX and Boring Company, saying that in any case, we have no concerns about it. San Francisco-based founder funds and other investors have invested about $2 billion in SpaceX. Source: Wang Fengzhi _NT2541

Boring Company later offered SpaceX some equity as compensation for the companys financial help, according to the Wall Street Journal, but the move had never been publicly disclosed before. SpaceX has not officially notified its investors, some of whom said in interviews that they did not know.

SpaceX currently holds about 6% of Boring Companys equity, a SpaceX spokesman said, which is based on the value of land, time and other resources contributed by the company since its inception. But the spokesman declined to comment further on the deal. Musk also declined to comment through a spokesman.

In a statement, the Founder Fund briefly introduced the relationship between SpaceX and Boring Company, saying that in any case, we have no concerns about it. San Francisco-based founder funds and other investors have invested about $2 billion in SpaceX.