Elon Musk’s $49 Million Las Vegas Loop Makes Perfect Sense—for Las Vegas

Last week, the Boring Company won a $48.6 million bid to design and build a “people mover” beneath the Las Vegas Convention Center. The payout represents the first actual contract for Tesla CEO Elon Musk’s tunneling venture. And Las Vegas, a tourist city that wants to be seen as a technology hub, will get a new mobility attraction with the imprimatur of America’s leading disruptor.

“Las Vegas is known for disruption and for reinventing itself,” Tina Quigley, the chief executive officer of the Regional Transportation Commission of Southern Nevada, said when the partnership between the Boring Company and the Las Vegas Convention and Visitors Authority (LVCVA) was announced in March. “So it’s very appropriate that this new technology is introduced and being tested here.”