On Tuesday, the 18th of December, Elon Musk, best-known as the head of Tesla Inc., made a brief public appearance, as they unveiled their completion of first underground tunnel on Los Angeles, as a remedy to the city’s infamous traffic.
Despite growing appreciation to save the city from a “soul destroying” street traffic, free rides had not been the part of that grand opening. In the 30-minute presentation of the tunnel, Musk had been quoted saying that, the newly finished tunnel of 1.14 mile could be a breakthrough, as a low cost and fast-digging technology.
Musk had represented the proof-of-concept tunnel as a lean-on towards transcending a high-speed subterranean network, capable of cannon-balling vehicles & pedestrians below the America’s second largest city at a speed of up to 220 kmph.
Musk is best-known as the head of Tesla electric car manufacturer and energy company, yet, the company had transformed itself to be a pioneer in rerouting millions of traffic every day, underground, saving stacks of working-hours.
On Tuesday, the 18th of December, the company gave the total price estimation of finishing the segment and it was closing in to $10 million, including the cost of internal infrastructure, lighting, safety system, ventilation, track, excavation and communications.
Followed by the report, the Tesla share price soared by 1.06%, as it has resurfaced again over $340s, amid obsolescent Wall St. indexes.