Musk Could Save Billions In Subway Tunneling Costs But He's Just Not Interested, Says Economist

Elon Musk‘s The Boring Company could reduce the cost of subway tunneling, says journalist and writer Daniel Knowles.

What Happened: Musk’s underground traffic solution may not work, but it could lead to cheaper tunnels, Knowles said in an interview with Business Insider

However, Musk is more focused on his own vision, including car tunnels and the hyperloop.

Knowles believes Musk is still hooked on America’s car culture, even though his tunneling projects could reduce subway development costs by billions.

“He is a car executive and wants to sell cars, and believes in cars, and lives around cars,” Knowles said, as per the report.

Knowles is a Midwest Correspondent at The Economist and has also written a book titled Carmageddon: How Cars Make Life Worse and What To Do About It.

Why It Matters: Musk founded The Boring Company in 2016. Its mission is to “solve traffic, enable rapid point-to-point transportation and transform cities,” as per the company website.

It currently operates a tunnel system in Las Vegas, Nevada, that primarily uses Tesla vehicles. Last week, it was reported that Clark County, Nevada has approved new plans to expand The Boring Company’s Vegas Loop.

The Boring Company passed one million total passengers recently and has had a one-day peak of 32,000 passengers. During the CES 2022 event, the LVCC Loop was transporting between 15,000 and 17,000 passengers daily.

The company is also targeting more projects in other states around the U.S. with rumors of testing happening in Texas.

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