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Elon Musk ducks out of one LA tunnel but pursues another

Video Credit: Reuters Studio - Duration: 01:39s - Published < > Embed
Elon Musk ducks out of one LA tunnel but pursues another

Elon Musk ducks out of one LA tunnel but pursues another

Billionaire entrepreneur Elon Musk has scrapped plans for a high-speed passenger tunnel under the West side of Los Angeles but is moving ahead with a similar proposal across town designed to whisk baseball fans to and from Dodger Stadium.

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Elon Musk ducks out of one LA tunnel but pursues another

Elon Musk is dropping plans for a high-speed passenger train tunnel under the west side of Los Angeles, but moving ahead with a similar project across town.

The billionaire investor and founder of Tesla announcing that his tunnel-digging venture, named the Boring Company, was giving up plans for a 2.7-mile subterranean passage in order to settle litigation with community groups opposed to the project.

The shift coming just six months after Musk had proposed a high-tech commuter system that would whisk passengers from one part of LA's existing subway system to Dodger Stadium, avoiding the city's horrendous gridlock.

(SOUNDBITE) (English) ELON MUSK, SAYING: "We're aiming to go over 300 miles per hour.

Accelerate 300 miles per hour and break and that's in a vacuum tunnel." LA's mayor Eric Garcetti was quick to praise the proposal.

But community groups pushed back, accusing Tesla's founder of trying to evade an environmental review process.

The setback the latest for Musk, coming a month after a judge approved a settlement between the CEO and the SEC over a tweet proposing Tesla share buybacks which Musk said was a joke.

Investors didn't laugh.

Between Tesla, SpaceX and the Boring Company, Musk has a reputation for plunging into ambitious ventures.

(Elon Musk, 2017) "I find holes in the ground exciting, And that's really key to a lot of technologies, road tunnels, Hyperloop tunnels, train tunnels." The Boring Company in June was selected by Chicago to build a 17-mile underground transit system connecting that city's downtown to O'Hare International Airport.

The company also has proposed an East Coast Loop that would run from downtown Washington, D.C., out to the Maryland suburbs.



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