And, it’s likely no one will benefit more than Musk himself.
The project is expected to run from Westwood to LAX – passing right by both the SpaceX headquarters and Musk’s Bel Air properties, according to Fast Company.
Elon Musk has outlined how his Boring Company will work, claiming:
*Tunnelling costs must be reduced by a factor of more than 10
*Key to this is smaller tunnels that can be dug more quickly
*Will work to increase the speed of the Tunnel Boring Machine
*Envisions a new breed of smaller, more powerful boring machines, with triple the power of current devices, that can tunnel continuously
Musk was vocal about his disdain for LA’s notorious traffic at the start of the project, which he launched in effort to solve the ongoing problem.
The tunnel could cut the hour-long trip down to just six minutes.
Just days ago, the Boring Co applied to build the second segment of the tunnel.
While the ambitious plan has begun to come to life in a relatively short period after it was first devised, there have been numerous hurdles along the way – and there will likely be more.
One such hurdle is permission.
It might seem strategic that the project aligns with Musk’s Bel Air properties, but the firm says this has nothing to do with its location.
Instead, the starting point sits near the SpaceX headquarters because the company owns the land, and could immediately begin digging there, a spokesperson told Fast Company.
Musk also owns $70 million worth of property nearby in Bel Air - with five homes all within walking distance of each other.
Astounding aerial photos have laid bare the sprawling, eco-friendly compound Elon Musk has built up.
The tech tycoon's home is flanked with solar panels, and is one of five properties he owns in the lavish neighborhood.
Musk has reportedly spent $70.3 million on the set of palatial homes, according to Variety.
The Tesla and SpaceX boss hopes to build a tunnel along the route of the notoriously gridlocked 405, past LAX.
His Boring Co. has applied for an excavation permit to extend its electric-vehicle tunnel in Hawthorne into Los Angeles, connecting the South Bay, Westside and San Fernando Valley, city officials said, according to Daily Breeze.
The application is consistent with Musk's announcement in an October tweet that he planned to extend the tunnel 'from LAX to the 101.'
Los Angeles Mayor Eric Garcetti expressed early support for the idea.
'Los Angeles has always been a place where innovators come to build new ideas that can change how we live our lives,' Garcetti tweeted.
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