Boring Company founder Elon Musk proposes 150 miles per hour tunnel rides for $1

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Much of what Musk discussed about how his concept in-city Loop would work has been answered in concept videos and the company's FAQ, but he specifically said that the plan is for rides that cost a $1, and carry up to 16 passengers through hundreds of tunnels to those small, parking space-size tunnels located throughout a city.

During a Thursday night session that lasted almost an hour, Musk and the Boring Company's project leader, Steve Davis, laid out their case for building a network of tunnels 30 feet or more beneath Los Angeles, starting with a 2.7-mile "proof of concept" dig. Musk said that the full-fledged project would involve a tunnel along the Los Angeles' scandalously busy 405 Freeway where the traffic differed between the seventh and the eighth circles of hell.

Musk made a splash on social media and in the tech world early this year after the sale of $3.5 million worth of flamethrowers went viral.

Writing on Instagram, he said: 'First Boring Company tunnel under LA nearly done! Am going to build a tunnel boring machine and just start digging...'. The project would involve hundreds of entrances where travelers in pods could descend to the network of tunnels that will shuttle them at high speeds across the city.

The billionaire revealed footage of his Boring Company's exploratory excavation, which will be open to the public and offering free rides within months.

In October 2017, Musk shared the first image of the Boring Company's test tunnel under SpaceX's headquarters. Musk is now promising speeds of 150 miles per hour, and says that rides on this futuristic looking mode of transport will cost just a single dollar.

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Musk and Davis vowed the public has nothing to fear from their excavation plans, which they say will differ from conventional tunnels by running deeper underground, well beneath utility lines.

"I like the fact that brilliant guys are driving around Los Angeles trying to figure out how to make things better", said John Given, a lawyer representing the groups, referring to Musk's gridlock-inspired idea for tunnels.

That announcement on Thursday night preceded a public event Musk held in the LA suburb of Bel-Air on Thursday night, during which he and Boring Company officials talked about the tunneling activities and took questions from members of the community.

A map shows the proposed route for a 2.7-mile prototype tunnel. But although the entrepreneur has always been long on vision, the City of Los Angeles is a complex, sprawling place.

It's no secret that entrepreneurial maverick Elon Musk has big plans for the future of public transportation.