real-time news and commentary for investors
Monday, Aug 12
Musk outlines Hyperloop; Tesla wants to remove side mirrors
- Elon Musk has published a 57-page document providing technical details, route proposals, and anything else readers might want to know about the Hyperloop, a solar-powered, aluminum pod-based, transportation system Musk asserts can safely send passengers from San Francisco to L.A. in 30 minutes.
- In a BloombergBusinessWeek interview published in tandem with the document, Musk claims Hyperloop pods will be able to travel at 800 mph, and can carry cars as well as people. "You just drive on, and the pod departs." The magazine adds "about a dozen people at Tesla and SpaceX have helped Musk with the design and checked the physics."
- Musk estimates a people-only L.A.-S.F. Hyperloop route can be built for just $6B, and a car-supporting route for only $10B. However, for 1,000+-mile distances, he thinks "the tube cost starts to become prohibitive."
- As previously stated, Musk doesn't plan to build the Hyperloop himself (he's too busy with certain other ventures), but will open-source its design for third parties to make use of. Is it the future of transportation, or too good to be true?
- Meanwhile, Tesla (TSLA) is petitioning regulators to allow it to remove side mirrors from its cars in favor of cameras appearing on a display. Doing so could allow Tesla to lower aerodynamic drag by 3%-6%.
- Update: Musk states he'll "probably" build a Hyperloop prototype.