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this post was submitted on 28 Aug 2024
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The Boring Company
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I'm not fully convinced that the hyperloop and Loop projects were always a scam. I think they were likely started out of frustration with existing systems, with a dash of over-optimism. The systems TBC have implemented so far do work, they've just been slower to scale than the early estimates.
As for discouraging investment in public transit, the Loop is a form of public transit, like a bus or subway. There's a detailed writeup here (apologies for the Reddit link) highlighting some of the potential advantages of the Loop over conventional trains in sparser cities. Many of these advantages have not (yet?) come to fruition, largely because TBC have been so slow to scale.
From Musk's ~~hagio~~biography, by Ashlee Vance: