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LA Rides in Musk's Boring Co. Tunnels to Cost $1

Shobhit Seth

Boring Co., another venture by Musk, is an infrastructure and tunnel construction company founded in December 2016. Musk's vision is to build a network of hundreds of tunnels under the city which will be served by personalized mass transit rides on the subway-like rail service, which he calls “loops,” at a modest price of $1. Musk described the tunnels as "almost like an autonomous, underground multi-level car system," which may eventually number in the thousands, CNN Money reports.