The Boring Company? Is Elon Musk Really Going to Start a Tunnel Digging Company?

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Elon Musk, the CEO of electric automobile maker Tesla Motors Inc (NASDAQ:TSLA), wants to start company for digging tunnels.

Elon Musk, Tunnels, The Boring Company, Tesla Motors Inc, TSLA

Elon Musk sent out a series of Tweets on Saturday that indicate he is interested in starting a company to dig tunnels. The Tesla Motors Inc CEO said that this company would be named “The Boring Company.”

“Traffic is driving me nuts. Am going to build a tunnel boring machine and just start digging…,” Elon Musk posted to Twitter Inc (NYSE:TWTR) on Saturday in his first Tweet about the possible tunnel company.

That first Tweet from Elon Musk likely left followers thinking that he was just venting his frustrations from being stuck in traffic. However, this doesn’t seem to be the case. The Tesla Motors Inc finished his Twitter rant with one final message stating “I am actually going to do this.”

Elon Musk appears to be serious about starting a tunnel digging company. He also updated his bio on Twitter to reflect this. It now reads “Tesla, SpaceX, Tunnels (yes, tunnels) & OpenAI.” Musk hasn’t said anything more about the tunnels idea since Saturday.

Elon Musk isn’t a stranger when it comes to trying to change how people travel. His vision of a hyperloop, a pod that travels along a tube in a vacuum at 760 mph, has gained the interest of several companies. Some of them are currently testing the idea out and hoping to reduce cost so that it can be a legitimate form of transportation in the future.

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Article printed from InvestorPlace Media, https://investorplace.com/2016/12/elon-musk-tunnels-the-boring-company-tesla-motors-inc-tsla/.

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