View Full Risk Disclosure.ĬFTC Rules 4.41 - Hypothetical or Simulated performance results have certain limitations, unlike an actual performance record, simulated results do not represent actual trading. Past performance is not necessarily indicative of future results. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Risk capital is money that can be lost without jeopardizing one’s financial security or lifestyle. An investor could potentially lose all or more than the initial investment. He envisions thousands of autonomous electric vehicles eventually moving millions of people underground at speeds up to 155 miles per hour (250 kph) - far higher than the moderate 35 mph speeds planned for the short Las Vegas link.Futures, foreign currency and options trading contains substantial risk and is not for every investor. He says the idea came to him as he sat in growing frustration in his car, stuck in a traffic jam between his pricey villa in Bel Air, California and the SpaceX offices in Hawthorne, south of Los Angeles.
Musk hopes Boring's people-moving technology will help revolutionize urban transit in an ever more crowded world. The cost of the tunnel, originally estimated to be as low as $35 million, has since risen to $52.5 million, according to the Las Vegas Review-Journal. Musk's company last year showed reporters a new test tunnel in California, but Las Vegas is Boring's first paying customer. He aspires eventually to build such a system linking Washington and New York along the busy US Northeast corridor he has also proposed projects for Chicago and Los Angeles.
The South Africa-born Musk, who is known for original and sometimes fanciful thinking, has long advocated a futuristic underground train system, called the Hyperloop, that would allow passenger capsules on Tesla-built chassis to move through low-pressure tubes at high speeds.
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