Tesla (NASDAQ:TSLA) CEO Elon Musk is testing his Hyperloop concept next year.
The idea to have lightspeed travel for all will be tested by Hyperloop Technologies in the Nevada desert early in 2016, according to Musk.
The Propulsion Open Air Test will take place on about 50 acres of land in Apex Industrial Park. It will kick off in the first quarter of 2016.
“Hyperloop Technologies will invest first in regions where we receive government advocacy to move fast,” Hyperloop Technologies CEO Rob Lloyd said in statement.
The company hopes to have a functioning Hyperloop system traveling at 540 km/hour by 2020.
TSLA stock is down 1.1% Wednesday.
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