kymnjoro
Elder Lister
In December 2016 Elon Musk spent $300 million to dig a massive tunnel underground.
Wall Street called it a publicity stunt.
Now it's worth over $100 billion.
Here's the insane story of The Boring Company,
Elon Musk's future underground solution to solve traffic situation forever,
why cities globally are desperate to buy it
(and how it could eliminate traffic jams forever):
Let's start with a tweet.
In December 2016, Elon Musk was stuck in LA traffic.
Frustrated, he tweeted "Traffic is driving me nuts. Am going to build a tunnel boring machine and just start digging..."
Most thought it was a joke, but Elon wasn't kidding:
Two weeks later, The Boring Company was born.
Its mission was to build a network of underground tunnels to solve traffic congestion.
Wall Street analysts laughed. "It's a distraction," they said. "A publicity stunt."
But Musk saw something they didn't...
The tunnel boring industry hadn't innovated in decades.
Machines were slow and expensive.
Musk believed he could revolutionize the technology, making tunnels cheaper and faster to build.
His first move was to buy a used boring machine and start experimenting:
In 2017, The Boring Company raised $112.5 million.
$100 million came from Musk himself.
The rest? From selling 20,000 flamethrowers at $500 each.
Yes, flamethrowers.
Wall Street thought Musk had lost his mind. But he was just getting started...
By 2018, The Boring Company had completed its first test tunnel in Hawthorne, California.
Its cost was $10 million per mile.
Traditional tunnels? $1 billion per mile.
Musk cut costs by 99% by shrinking tunnel diameter and developing continuous tunneling technology
In 2019, The Boring Company won its first major contract:
A $48.7 million project to build a transportation system under the Las Vegas Convention Center.
Completed in 2021, it proved The Boring Company wasn't just talk.
It could deliver a real, working project
2021 was a turning point.
Wall Street called it a publicity stunt.
Now it's worth over $100 billion.
Here's the insane story of The Boring Company,
Elon Musk's future underground solution to solve traffic situation forever,
why cities globally are desperate to buy it
(and how it could eliminate traffic jams forever):
Let's start with a tweet.
In December 2016, Elon Musk was stuck in LA traffic.
Frustrated, he tweeted "Traffic is driving me nuts. Am going to build a tunnel boring machine and just start digging..."
Most thought it was a joke, but Elon wasn't kidding:
Two weeks later, The Boring Company was born.
Its mission was to build a network of underground tunnels to solve traffic congestion.
Wall Street analysts laughed. "It's a distraction," they said. "A publicity stunt."
But Musk saw something they didn't...
The tunnel boring industry hadn't innovated in decades.
Machines were slow and expensive.
Musk believed he could revolutionize the technology, making tunnels cheaper and faster to build.
His first move was to buy a used boring machine and start experimenting:
In 2017, The Boring Company raised $112.5 million.
$100 million came from Musk himself.
The rest? From selling 20,000 flamethrowers at $500 each.
Yes, flamethrowers.
Wall Street thought Musk had lost his mind. But he was just getting started...
By 2018, The Boring Company had completed its first test tunnel in Hawthorne, California.
Its cost was $10 million per mile.
Traditional tunnels? $1 billion per mile.
Musk cut costs by 99% by shrinking tunnel diameter and developing continuous tunneling technology
In 2019, The Boring Company won its first major contract:
A $48.7 million project to build a transportation system under the Las Vegas Convention Center.
Completed in 2021, it proved The Boring Company wasn't just talk.
It could deliver a real, working project
2021 was a turning point.
