Elon Musk CEO of Tesla (NASDAQ: TSLA) and The Boring Company said that he could dig a two-mile tunnel under the city of Miami in only six months. Musk — currently richest man in the world told Miami’s mayor Friday that the operation can cost as little as $30 million.
According to Mr. Suarez, the current cost is 30 times less than the $1 billion price the local transit officials set. Furthermore, The Boring Company could complete the job in six months, against the four-year plan by local transit officials.
Mayor Francis Suarez described the call with Elon Musk as a “wonderful call”. He said: “ Elon Musk is focused on trying to deliver a project that will have the maximum utility for our residents for the least amount of money. The order of magnitude in terms of savings is significant.”
On January 18th Musk said in a tweet that he wants to dig a tunnel under Miami to reduce traffic.
“Cars & trucks stuck in traffic generate megatons of toxic gases & particulate, but boring company road tunnels under Miami would solve traffic & be an example to the world,” Musk wrote in the Tweet.
