Almost a year after Elon Musk, chief executive of Tesla Motors (TSLA) and SpaceX, first floated the idea of a superfast mode of transportation, he has finally revealed the details: a solar-powered, city-to-city elevated transit system that could take passengers and cars from Los Angeles to San Francisco in 30 minutes. In typical Musk fashion, the Hyperloop, as he calls it, immediately poses a challenge to the status quo—in this case, California’s $70 billion high-speed train that has been knocked by Musk and others as too expensive, too slow, and too impractical.
In Musk’s vision, the Hyperloop would transport people via aluminum pods enclosed inside of steel tubes. He describes the design as looking like a shotgun with the tubes running side by side for most of the journey and closing the loop at either end. These tubes would be mounted on columns 50 to 100 yards apart, and the pods inside would travel up to 800 miles per hour. Some of this Musk has hinted at before; he now adds that pods could ferry cars as well as people. “You just drive on, and the pod departs,” Musk told Bloomberg Businessweek in his first interview about the Hyperloop.
… Musk has built his entrepreneurial career attacking businesses he deems inefficient or uninspiring. He co-founded PayPal in a bid to shake up the banking industry, then used the fortune he made selling the startup to eBay to fund equally ambitious efforts in transportation. Tesla Motors, for example, has created the highest-performing, highest-rated all-electric car and a complementary network of charging stations scattered around North America. Meanwhile, SpaceX competes against entire nations in the market to send up satellites and resupply the International Space Station.
In the case of the Hyperloop, Musk started focusing on public transportation after he grew disenchanted with the plans for California’s high-speed rail system. Construction on the highly political, $70 billion project is meant to begin in earnest this year, with plans to link cities from San Diego to Sacramento by 2029. “You have to look at what they say it will cost vs. the actual final costs, and I think it’s safe to say you’re talking about a $100 billion-plus train,” Musk says, adding that the train is too slow and a horrendous land rights mess.