Elon Musk pitches 150 miles per hour rides in Boring Company tunnels for $1

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Elon Musk's vision of a high-speed transportation system was brought to reality underneath the rambling and traffic-clogged Los Angeles to an impressively supportive crowd during a hearing for residents.

Musk was joined by The Boring Company director Steve Davis. Half-joking that he was late because of heavy traffic, Musk received a rousing welcome as he arrived, and a standing ovation at the end of the hour-long session.

Musk, the Silicon Valley high-tech tycoon who founded the Tesla Inc. electric auto maker, also said he would offer free trips through the first two research tunnels he completes to get public feedback before proceeding with a larger system.

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Musk pledged his tunneling venture, to be built well below the city's utilities and existing metro lines using electronic boring equipment, would be virtually noiseless.

Whether staunch critics were swayed remained to be seen.

Earlier in the evening Musk retweeted an LA Metro tweet that said it's coordinating with The Boring Company on its test and said the two will be "partners" going forward.

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According to plans submitted to the L.A.'s Department of Engineering, a full, future system - called the Loop - would extend from Long Beach Airport to the San Fernando Valley along the 405 Freeway, offering short routes from Los Angeles International Airport to Dodger Stadium, and out to the beaches in Santa Monica and the South Bay.

"It's the only way we can think of to address the chronic traffic issues in major cities", Musk said. Last week, he showed off the first Boring Company tunnel under Los Angles, saying it's nearly done and awaiting regulatory approvals. The company, however, is taking baby, comparatively boring, steps in LA first.

SpaceX and The Boring Company CEO Elon Musk has for the first time revealed his concept for a personalised mass transit system or "Loop" that will carry 16 people and travel at 240 km per hour for a fare of just $1. They say he is trying to obtain a waiver to evade environmental regulations that forbid piecemeal fast-track permitting of big-scope projects. "You won't even know we exist", Musk said.

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Billionaire entrepreneur Elon Musk will headline a town-hall style meeting in Brentwood on Thursday, May 17, where the public will have the opportunity to ask the visionary himself about his plans to build a futuristic, all-electric transit system underneath Los Angeles.

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