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There are no guarantees that a handshake deal on such an expensive endeavor will pan out.
Elon Musk says that his Boring Company is coming to the East Coast.
On Thursday morning, Musk tweeted that he had received 'verbal government approval' to dig underground:
City center to city center in each case, with up to a dozen or more entry/exit elevators in each city
-- Elon Musk (@elonmusk) July 20, 2017With The Boring Company, which he launched earlier this year, Musk intends to dig tunnels that could provide alternative routes for vehicles, potentially alleviating traffic in metropolitan areas. Musk has said the tunnels could also be used by the Hyperloop, his idea for a hypothetical magnetic train that can travel at 700 mph through vacuum-sealed tubes.
The entrepreneur has already begun digging under SpaceX's Los Angeles headquarters, and tweeted last month that he's had 'promising conversations' with mayor Eric Garcetti about building a network of tunnels under the city.
It's not clear how serious the verbal approval is at this point, nor who specifically gave it to build the East Coast route. But a handshake deal probably is unlikely to get very far, given the number of governing bodies that would need to sign off on such a project. And The Boring Company digging the tunnels doesn't necessarily mean the rail itself will get built: Estimates have put the cost of the Hyperloop at more than $100 million per mile.
Musk initially proposed the idea for the Hyperloop in 2013, but he hasn't been directly involved with the startups, such as Hyperloop One and Hyperloop Transportation Technologies, that are working to develop it.
Musk's tweet comes at a time when New York City is in the midst of massive transportation issues due to its centuries-old infrastructure. The 'Summer of Hell' has become a trending topic on social media in recent weeks, as commuters post photos of platforms overflowing with people and subway passengers riding between subway cars due to lack of room inside. Governor Andrew Cuomo and Mayor Bill de Blasio have come under fire for doing little to address the problems.
Shortly after Musk's tweet, de Blasio's press secretary, Eric Phillips, responded to Musk's announcement with his own tweet suggesting the mayor knows nothing of the verbal approval.
This is news to City Hall. https://t.co/GmEm0b5C4i
Elon Musk And Tesla News
-- Eric Phillips (@EricFPhillips) July 20, 2017In response to a query from Inc., de Blasio's deputy press secretary, Ben Sarle, said via email, 'Nobody in City Hall, or any of our city agencies, has heard from Mr. Musk or any representatives of his company.'
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Musk then seemed to soften his earlier statement in subsequent tweets:
Still a lot of work needed to receive formal approval, but am optimistic that will occur rapidly
-- Elon Musk (@elonmusk) July 20, 2017Inc. has reached out to the offices of Musk and Cuomo for comment and will update this post if they provide more information.
Editor's note: This story has been updated to include comment from Mayor Bill de Blasio's press office as well as subsequent tweets from Musk.
Heard, 31, is ‘devastated’ after tech tycoon Elon Musk ended their year-long romance. Last night a source told The Mail on Sunday: ‘It’s all over between Amber and Elon and she’s devastated. It was his decision.
‘He ended it a week ago. He’d heard certain things about her behaviour that didn’t sit well with him.
'Amber can be very manipulative and selfish. Elon’s back in LA while she’s licking her wounds in Australia.’
Musk, 46, worth a reported £12 billion, made his first fortune as co-founder of online service PayPal.
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The creator of electric car giant Tesla and private space company SpaceX, he was spotted with Heard in Australia in April where she is filming the £100 million superhero movie Aquaman and was said to have put his private jet at her disposal.
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Their romance began shortly after South African-born Musk divorced British actress Talulah Riley for a second time last year. Heard was still recovering from what she called a ‘toxic’ split with Depp.