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Elon Musk
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Musk blames regulatory permit issues for NY-DC Hyperloop failure
Elon Musk confirmed on X that the inability to secure state and federal permits was the reason The Boring Company's East Coast Hyperloop tunnel never materialised. The project, announced in 2017 with alleged verbal approval, aimed to connect New York City, Philadelphia, Baltimore, and Washington, D.C. in a 29-minute trip using high-speed vacuum tube technology.
- Musk stated that permits proved impossible to obtain for the NY-DC route.
- The project was removed from Boring Co's website in April 2021.
🔎 Why it matters: Elon Musk clarifies the cause behind shutting down the NY-DC Hyperloop project after years of regulatory inactivity with the Federal Highway Administration and state agencies.
📈 Upside: Not applicable.
📉 Risk: Not applicable.
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