A company backed by tech billionaire Elon Musk is awarded a nearly $49 million contract to build a transit system using self-driving vehicles underneath the Las Vegas Convention Center.
A company backed by tech billionaire Elon Musk has been awarded a nearly $49 million contract to build a transit system using self-driving vehicles underneath the Las Vegas Convention Center.
People would be transported underground on self-driving electric vehicles from three types of Tesla Model X chassis. The system will be capable of transporting up to 16 people at time through parallel tunnels, each running in a single direction. The twin tunnel system will run less than a mile long.
The company plans to immediately pursue permits to start construction in September. It aims to debut the system by December 2020. Las Vegas Mayor Carolyn Goodman cast the only vote against the project. At a meeting last week, she cited concerns about hiring a company that has yet to deliver a transit system.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Elon Musk's Boring Co. lands its first paying customer, a $48.6 million contract in Las VegasThe board of the Las Vegas Visitors and Convention Authority voted Wednesday to approve a $48.6 million contract with Musk's tunneling company.
Consulte Mais informação »
Watch SpaceX launch Starlink internet satellites —its 'heaviest payload' ever, Elon Musk saysSpaceX is set to launch 60 of its internet satellites on Thursday evening from Cape Canaveral, Florida.
Consulte Mais informação »
Autonomous vehicle pioneer doubles down on technology Tesla CEO Elon Musk calls 'freaking stupid'A pioneer in autonomous driving is doubling down on a self-driving technology called lidar that uses sensors to navigate through traffic, instead of cameras, just a few weeks after Tesla CEO Elon Musk called the technology 'freaking stupid.'
Consulte Mais informação »
Elon Musk awards $10 million prize to 2 startups replacing teachers with techThe $10 million prize money was awarded for the XPrize for Global Learning. Elon Musk is a benefactor in this.
Consulte Mais informação »
Elon Musk rewrites fast-moving Tesla cash storyThe electric-car maker’s CEO is mandating “hardcore” cost controls, admitting Tesla could burn $2.4 bln of new capital in 10 months. That puts growth plans in question. It also seems to contradict earlier rosier statements. Investors and watchdogs should have a few questions.
Consulte Mais informação »
Read the email Elon Musk sent to Tesla employees calling for 'hardcore' control of expensesThe memo says that $2 billion in fresh funding would only cover 10 months of business at the company's first quarter burn rate.
Consulte Mais informação »
Why Tesla is Not a Car Company and What You Can Learn From Elon MuskWhen I was in business school, I learned that most companies were often not in the “business” they appeared to be. It is indeed comfortable to categorize a company’s business by its industry: transportation, financial services, manufacturing...etc.
Consulte Mais informação »
‘Dark clouds over Fremont’: Tesla enters survival mode as stock price dropsElon Musk’s growth story is looking more like a fable as Tesla Inc. enters survival mode.
Consulte Mais informação »
MGM says it could pay up to $800 million for possible settlements related to Vegas massacreMGM Resorts thinks it could pay as much as $800 million for lawsuits related to the 2017 massacre in Las Vegas, though it's not clear when or if settlements will be reached.
Consulte Mais informação »
MGM might pay $800 million in Las Vegas shooting settlementCasino giant MGM Resorts told federal regulators it might pay up to $800 million to settle liability lawsuits stemming from the 2017 mass shooting in Las Vegas — the deadliest in modern U.S. history.
Consulte Mais informação »