The Boring Company

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The Boring Company

Elon Musk’s The Boring Company has filed an application with the city of Austin to build a tunnel under Tesla’s Gigafactory Texas in Austin. The application, which Electrek first reported on, does not state what Tesla intends to do with the tunnel. The application was filed on June 21, 2022, …

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Musk’s Boring Company to begin ‘full-scale’ hyperloop testing this year

Elon Musk’s tunnel startup The Boring Company plans to begin “full-scale” testing of hyperloop, a still theoretical transportation system that sends passengers in autonomous electric pods through a tube at speeds in access of 600 miles per hour. Musk tweeted out the update Monday,…

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The Station: Lyft’s bikeshare play, Tesla’s Q1 warning and big bucks for Musk’s tunnel startup

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to …

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Elon Musk’s The Boring Company to take on hyperloop project

Elon Musk said Sunday via Twitter that his tunnel-building-for-urban-transport business The Boring Company will attempt to build a high-speed, and still theoretical, hyperloop in the coming years. In 2013, Musk put out a white paper that outlined the idea of a transport system that could send passe…

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Daily Crunch: Elon Musk unveils three-pronged strategy to fund his $43B Twitter purchase

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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Elon Musk’s Boring Company raises $675M to scale Loop projects

The Boring Company, Tesla CEO Elon Musk’s project to build underground highways to alleviate traffic congestion, has raised a $675 million Series C round, bringing its valuation up to $5.7 billion. The round was led by Vy Capital and Sequoia Capital, with participation from Valor Equity Partn…

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Musk reveals plan to scale Tesla to ‘extreme size’

Elon Musk signaled plans to scale Tesla to the “extreme” while teasing the release of Tesla’s “Master Plan Part 3” on Twitter one day before opening the automaker’s first European factory. On Monday, Musk revealed on Twitter the themes that will dominate the next installment in Tesla’s …

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Early data shows Elon Musk’s Las Vegas Loop not yet up to speed

When Las Vegas Convention and Visitors Authority CEO Steve Hill unveiled The Boring Company’s plan for a subterranean shuttle that would whisk visitors to different parts of the city’s vast Convention Center campus, he predicted it would take just under two minutes to travel between its…

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The financial pickle facing Elon Musk’s Las Vegas Loop system

Please see update below… Restrictions put in place by Nevada regulators are making it difficult for The Boring Company (TBC) to meet contractual targets for its LVCC Loop, Elon Musk’s first underground transportation system. The Loop system at the Las Vegas Convention Center (LVCC) is s…

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Without a clear ask, your pitch deck is useless

Having a great "ask" slide can reassure investors: It shows a founder wants to raise an amount of money that unlocks the next stage of growth and knows what milestones they need to hit to get there.

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Equity crowdfunding appears immune to market volatility, on track for its best year yet

With the fundraising climate now showing cloudy skies, equity crowdfunding is getting ready for a field day.

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