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Elon Musk in Talks with Netanyahu for Tunnels in Israel

If the plans work out as intended, Musk’s tunneling firm — Boring Co. — could help in the development of Israel’s tangled transportation network

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

Elon Musk, the founder of SpaceX, Tesla and Neuralink, is in negotiations with Israels government to build tunnels in the country, said Israeli Prime Minister Benjamin Netanyahu.

“I met a man that they call Elon Musk-have you heard of him? A real genius,” the New York-based The Algemeiner journal quoted Netanyahu as saying at a campaign event last week when asked about Israel’s transportation infrastructure.

“Right now, we’re in conversation with him to see if we can tunnel the State of Israel.”

Elon Musk, CEO of SpaceX. Wikimedia

Netanyahu said he and Musk ate breakfast at the Prime Minister’s residence, where the billionaire entrepreneur mentioned tunneling, The Algemeiner reported on Sunday.

According to the state comptroller, ineffective public transportation could cost the Israeli economy $6.9 billion annually by 2030, if dire changes are not implemented.

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The billionaire entrepreneur visited Israel in March 2018 and has been in negotiations with Israel’s government to build tunnels.

If the plans work out as intended, Musk’s tunneling firm — Boring Co. — could help in the development of Israel’s tangled transportation network, the report said. (IANS)

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Tesla CEO Elon Musk Makes Big Claims About Model 3 on Twitter

The long-range Model S is now priced $83,000 down from $96,000 before savings

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Elon Musk, CEO of SpaceX. Wikimedia

The body and drive unit of Electric Vehicle (EV)-maker Tesla’s Model 3 Sedan can last upto 1 million miles while the battery can last up to 500,000 miles, said company Chief Executive Officer Elon Musk.

“Model 3 drive unit and body is designed like a commercial truck for a million mile life. Current battery modules should last 300k to 500k miles (1,500 cycles). Replacing modules (not pack) will only cost $5k to $7k,” Musk wrote on Twitter on Saturday.

The billionaire made this claim to his 25.7 million followers in context Model 3’s value being used in an autonomous ride-hailing fleet.

“What he meant is that the vehicles would become revenue-generating assets as they integrate this autonomous ride-hailing fleet, which has been dubbed the ‘Tesla Network’,” Electrek reported.

The value of the Model 3 on the Tesla Network would depend on how many miles it can put in it, which according to Musk is up to 1 million miles within two or three battery module replacements.

Even though Tesla would not replace a whole battery pack, the company is willing to offer battery module replacements for between $5,000 and $7,000.

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

“Assuming that $5,000 to $7,000 for the battery modules means the cost for the Standard Range Plus and Long Range battery modules, it would mean a cost of roughly $100 per kWh at the battery module level, which makes sense,” the report added.

“At a value of $1 per mile, we are talking about a potential of at least $300,000 in revenue before having to possibly replace the battery modules.”

The EV-maker recently announced big price cuts for its high-end Model S after shifting to online-only sales.

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The long-range Model S is now priced $83,000 down from $96,000 before savings.

The huge price cut by the EV maker comes less than two months after it decided to stop manufacturing Model S with a 75kWh battery pack, opting instead to only sell versions with a 100kWh pack. (IANS)