Elon Musk-Led Boring Company To Open 1st Tunnel To Las Vegas Airport In 2026, With Capacity To Transport 20K People/Hour - Tesla (NASDAQ:TSLA), Uber Technologies (NYSE:UBER)

Core Insights - The Boring Company, led by Elon Musk, is set to open its first tunnel to Las Vegas' Harry Reid International Airport in 2026, with a capacity to transport over 20,000 passengers per hour [1][2]. Tunneling Operations - The current cost per mile of tunneling is $10 million, with expectations to reduce it to $3-$4 million in the near future [2]. - Rides from downtown to the airport are projected to cost around $12, while rides from the airport to the Las Vegas Convention Center will be approximately $10, which is 50%-80% lower than average Uber rides [3]. Legal Issues - The Boring Company faced legal challenges due to hazardous working conditions cited by OSHA and was fined over $500,000 for allegedly dumping tunneling fluid into city manholes [4]. - Following the citations, a meeting with the Nevada Governor's office led to the rescinding of fines, although reports of the meeting later disappeared from public records, which the administration attributed to an error [5]. Future Plans - The company is also exploring the concept of "individualized mass transit" using autonomous electric vehicles and plans to construct a proposed Dubai Loop [6].