Last December Elon Musk, owner of Space X and Tesla, was sitting in traffic in LA, frustrated with the stop and go traffic that is a regular to large metropolitan cities. His response was to announce, via Twitter, that he had an idea to fight the congestion. He announced that he was going to start a new company and begin digging tunnels to help fight congestion on the roads.
Last Saturday, Musk and his new company called The Boring Company, the name was promised by Musk on Twitter, began digging tunnels. It is unclear exactly where these tunnels are located or how long they will take to dig out. Many have the feeling that once the tunnels are completed they may only be open to Tesla’s vehicles, which could help boost Model 3 purchases, but no one knows for sure. That idea would not impact traffic congestion on a large scale, as Musk hopes, as gas vehicles make up a majority of the vehicles on the road. It would make sense to give Tesla vehicles priority, however, until more than one tunnel ends up being built, if the project continues.
Many experts have also said that the tunnels would be too expensive to build on a large scale. Musk has proven he has been able to cut costs, however, with his very low cost for projects at Space X, which has received a lot of praise.
The idea and business itself are very young, and has a lot of question marks. It’s too early to tell if the idea will be around long term, but if it does stick around Musk is a man of his word and will have a very successful project on his hands.