Elon Musk’s Boring Company of systemic tunnels— that was supposed to shuttle people under the Las
Vegas Convention Center (LVCC)— won’t actually transport the number of people
it initially promised. This isn’t just disappointing news but it’s also
financially damaging for the company.
The problem isn’t the
technology but the fire regulations. One of the three loading zones set up for
the tunnel network is called the Convention Center Loop, and it allows roughly
800 passengers at a time. Hence, if that applies to the rest of the loading
zones, the Loop will serve about a quarter of what was earlier promised: hitting
just about 1200 people per hour.
We’re unsure as to why
the original plan didn’t see the light of day.
The Boring Company
would have to face financial losses if it is unable to shuttle as many people
as it promised. Apparently, the consequences would be worth $13 million! In
addition, the company would be penalized $300,000 after every trade show that
is unable to move the average of 3,960 passengers per hour for 13 hours
straight, and will go up to a maximum order of $4.5 million fine.
Furthermore, the Loop
is way behind schedule;it has planned on completing the system by the 1st
of October, but as far as we know, the shuttle will open in “maybe a month or
In the Las Vegas Loop,
the passengers are set to ride in Tesla Model Xs, Model 3S, and the modified
Model 3, which apparently holds up to 16 passengers at a time. They’ll also
travel through these tunnels at 155 miles per hours. The company originally unveiled the first draft of tunneling system back in 2018.