Elon Musk

Transportation
4:00 pm
Thu January 15, 2015

Elon Musk Announces Texas Hyperloop Plans

Model of the Hyperloop system as described by Elon Musk.
wikimedia commons

Tesla and SpaceX CEO Elon Musk announced today that he plans to build a test version of his Hyperloop transit system, and that test loop will likely be built in Texas.

Musk announced plans for a Hyperloop in California in 2013. The high-speed transit system would move at rates up to 800 miles per hour, potentially cutting the five-plus hour drive from San Francisco to Los Angeles down to about an hour.

The test track potentially in the works for Texas would be a five-mile loop, Musk said. One trip around that loop would take about 22.5 seconds.

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Tesla Motors
1:19 pm
Thu October 3, 2013

Tesla's Stock Gets Burned After Car Fire And Downgrading

A Tesla Model S at the 2013 North American International Auto Show in Detroit on Jan. 15.
Stan Honda AFP/Getty Images

Originally published on Thu October 3, 2013 12:26 pm

High-flying billionaire Elon Musk's Tesla Motors has seen its shares skid the past couple days because they've been downgraded by analysts and because of a YouTube clip showing one of the all-electric luxury cars engulfed in flames earlier this week.

Just before noon ET, a share of Tesla was trading around $169.50 — down about 6.5 percent for the day and $25 (13 percent) below its 52-week high of $194.50.

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