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Elon Musk Hints at Boring Company’s First Tunnel launch

"Electric skates will carry between 8 and 16 passengers, or a single passenger vehicle," according to the Electrek

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Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)

Billionaire Elon Musk on Saturday tweeted a photograph with “The Boring Company” and “December 18” on it, indicating that his infrastructure and tunnel construction firm is set to launch its first tunnel under Los Angeles in the US.

Boring Company was earlier slated to launch the tunnel on December 10 and postponed it.

The company reportedly said they would offer the first public test ride with the electric transport system inside the tunnel.

Earlier in October, Musk had announced that the Boring Company was “almost done” with its maiden test tunnel and they would open the project to the public around December 10.

Elon Musk, tesla
Tesla CEO, Elon Musk. (Wikimedia Commons)

According to Elon Musk, the company is building a watchtower at the exit of the tunnel with bricks made from dirt dug out of the tunnel.

In Chicago, the company will reportedly build a “Loop” which they described on their website as: “Loop is a high-speed underground public transportation system in which passengers are transported on autonomous electric skates travelling at 125-150 miles per hour.”

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“Electric skates will carry between 8 and 16 passengers, or a single passenger vehicle,” according to the Electrek.

In order to implement this system, the company will have to dig the tunnels and deploy the infrastructure to move those “autonomous electric skates” inside the tunnels. (IANS)

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Top Investor of Tesla Wants Elon Musk to Step Down as CEO

Earlier in February, the SEC again held Musk in contempt of court for allegedly violating a previous public disclosure settlement

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Visitors inspect Tesla electric cars at Brussels Motor Show, Belgium, Jan. 18, 2019. VOA

A top investor in the electric car maker Tesla has stressed that Elon Musk should step down as CEO as his irresponsible tweets can do the company more harm than good.

James Anderson from the UK-based investment management firm Ballie Gifford, which holds a 7.5 per cent stake in Tesla, told a German magazine that he “does not think Elon needs to be CEO”.

“His micro-management also includes the desire to speak to the stock market and the world in ways we do not necessarily consider helpful,” Anderson, who knows Musk personally, told Germany’s Manager magazine on Thursday.

His comments referred to Musk’s fondness for controversial midnight tweets that has already forced him to step down as Tesla Chairman.

Musk reached a settlement with the US Securities and Exchange Commission (SEC) over his controversial Twitter activities in April, agreeing to have more specific oversight on his tweets about the company.

Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)

According to the settlement, all tweets from Musk about Tesla’s financial health, sales or delivery numbers would have to be pre-approved by a company lawyer.

The SEC sued Musk last year as well for making fraudulent statements after he tweeted in August 2018 that he had “funding secured” to take Tesla private at $420 per share.

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The parties later settled and Musk agreed to step down as Chairman and have the company’s lawyers pre-approve written communications, including tweets with material information about the company.

Earlier in February, the SEC again held Musk in contempt of court for allegedly violating a previous public disclosure settlement. (IANS)