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Hyperloop One is reportedly shutting down
(techcrunch.com)
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this post was submitted on 22 Dec 2023
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To everyone implying that Elon leveraged the concept of hyperloop to kill high speed rail in California:
California killed high speed rail in California. The project is like 3x over budget with no real end in sight. If Elon dedicated his entire net worth in 2013 to the project it would still be over budget.
Hsr isn't dead, it's still being actively built, employing thousands of people, still has broad public support and just got a shit ton of funding from the feds. It's over budget and delayed yes but so was the original shinkansen because bootstrapping that kind of project and industrial knowledge is hard.
Elon said himself that he did it to kill HSR lmao
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He did it to kill that specific plan.
He wanted something better.
You can either take him at his word, or fall into the conspiracy camp of selling more cars, but thats the 2 options you get.