Elon Musk's Bait-and-Switch Transportation Company Valued at $5.6 Billion

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Elon Musk's Bait-and-Switch Transportation Company Valued at $5.6 Billion
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The Boring Company's Loop transport system is still just a Tesla operated by a human driver slowly in a tunnel.

in Vegas, a regular Tesla being driven by a human in a tunnel. Driven slowly and shakyA rather bumpy ride in Elon Musk’s “loop” transportation system under Las Vegas, Nevada as seen on July 2, 2021.The Boring Company lays out its three goals as solving traffic, beautifying cities, and enabling rapid-point-to-point transportation—very worthy goals indeed.

Except the Boring Company hasn’t actually solved traffic. Or anything, really. As long as the Loop system uses Teslas driven by humans driving slowly in a tunnel, it will never be the thing that Musk promised. But that hasn’t stoppedGood luck, Musk. You really know how to sell an idea. But the resulting product leaves much to be desired.

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