Elon Musk’s $49 Million Las Vegas Loop Makes Perfect Sense—for Las Vegas

Last week, the Boring Company won a $48.6 million bid to design and build a “people mover” beneath the Las Vegas Convention Center. The payout represents the first actual contract for Tesla CEO Elon Musk’s tunneling venture. And Las Vegas, a tourist city that wants to be seen as a technology hub, will get a new mobility attraction with the imprimatur of America’s leading disruptor…

This is not the futuristic system of electric car-sleds that Musk once proposed for Los Angeles and Chicago, let alone a frictionless hyperloop. Instead, Las Vegas is getting a permutation of two well-known existing technologies: 1) cars, and 2) tunnels. (Asked to explain his scaled-back ambitions on Twitter, Musk responded: “This is simple and just works.”)
More>>