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Elon Musk's Boring Company is turning into a flop #tech #podcast
Bloomberg Technologyยท2025-08-08 13:39

Company Overview - The Boring Company aims to revolutionize public transportation by constructing underground tunnels for Tesla vehicles, seeking to eliminate traffic congestion [1] - The company, founded nearly a decade ago by Elon Musk, draws parallels with SpaceX, intending to improve existing technologies [1] Challenges & Government Partnership - The Boring Company faced difficulties in securing government partnerships, unlike SpaceX's collaboration with NASA, which provided crucial support and investment [1] - A meeting with the Port Authority of New York revealed the company's lack of preparedness regarding safety (fire), accessibility (ADA compliance), and land acquisition processes [1] - The company has struggled to find a government entity willing to invest hundreds of millions of dollars to support its projects [1]