Sunday January 20, 2019
Home Lead Story Musk Hints Co...

Musk Hints Collaboration of SpaceX Rockets With Hyperloop Project

The Boring Company is an infrastructure and tunnel construction company founded by Musk in late 2016

0
//
Elon Musk, tesla, tunnel
AI could be first 'resident' of Mars, hints Musk. (Wikimedia Commons)

Serial entrepreneur Elon Musk has hinted that he plans to link the hyperloop project under his start-up The Boring Company with SpaceX’s rockets to create a transportation system that may ferry people anywhere on Earth in less than an hour.

In a series of tweets, SpeceX founder said he will present his vision for the future on Thursday in the US city of Los Angeles.

“Boring Company Hyperloop will take you from city centre underground and ocean to spaceport in 10 to 15 minutes,” Musk tweeted late Wednesday.

Representational image
Representational image. Pixabay

The Boring Company is an infrastructure and tunnel construction company founded by Musk in late 2016.

Musk has cited difficulty with Los Angeles traffic and limitations with the current 2-D transportation network as inspiration for the tunnelling company project.

Also Read: Musk: SpaceX Set For Over 300 missions in Five Years

In March, Musk said the company would readjust its plan to prioritise pedestrians and cyclists over cars, which would only be considered for transport after all “personalised mass transit needs were met”.

SpaceX has got approval from the City of Los Angeles to build The Big Falcon Rocket, or BFR, which will be used to explore Mars — a goal that Musk hopes to accomplish by 2022. (IANS)

Next Story

Bumpy Road Ahead For Tesla

Attempting to build affordable clean energy products at scale necessarily requires extreme effort and relentless creativity

0
tesla
Visitors inspect Tesla electric cars at Brussels Motor Show, Belgium, Jan. 18, 2019. VOA

Electric car and solar panel maker Tesla said Friday it plans to cut its staff by about 7 percent.

“The road ahead is very difficult,” the company’s founder and CEO Elon Musk said in an email to employees posted on the company’s website.

He said Tesla Inc. hopes to post a “tiny profit” in the current quarter but that after expanding its workforce by 30 percent last year, it cannot support that size of staff.

Musk said in a tweet in October that Tesla had 45,000 employees. A 7 percent cut would involve laying off about 3,150 people.

Tesla, board
Tesla to lay-off 7% full-time staff amid China dreams. Pixabay

Tesla’s shares tumbled earlier this month after it cut vehicle prices by $2,000 and announced fourth-quarter sales figures that fell short of Wall Street estimates.

“Our products are too expensive for most people,” Musk said in the memo to Tesla staff saying the company has to “work harder.”

“Tesla has only been producing cars for about a decade and we’re up against massive, entrenched competitors,” he said.

The company says it delivered over 245,000 electric cars and SUVs last year, nearly as many as all previous years combined. But its 2018 production fell far short of a goal set nearly three years ago of manufacturing 500,000 vehicles for the year. That goal was announced in May of 2016 based on advance orders for its mid-range Model 3, which sells for $44,000.

Also Read: Elon Musk Quotes $1 bn to Build Tunnel Under Australian Mountain Range

Musk said Tesla plans to ramp up production of the Model 3, “as we need to reach more customers who can afford our vehicles.”

“Attempting to build affordable clean energy products at scale necessarily requires extreme effort and relentless creativity,” he said in the memo, “but succeeding in our mission is essential to ensure that the future is good, so we must do everything we can to advance the cause.” (VOA)