Tesla Motors Inc (TSLA) CEO Elon Musk Will Announce ‘The Hyperloop’ at 1:30 PDT

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Tesla Motors Inc (NASDAQ:TSLA) founder Elon Musk is up for a newer and, of course, bigger challenge. The visionary said on his Twitter account that he will announce his plans for the “Hyperloop” today at 1:30 PDT. A SpaceX spokesperson said that the design details will also be posted on both Tesla Motors Inc. (NASDAQ:TSLA) and SpaceX websites. Elon Musk says this new form of transportation could take passengers from Los Angeles to New York in 45 minutes.

Tesla Motors Inc (TSLA) CEO Elon Musk Will Announce 'The Hyperloop' at 1:30 PDT

Tesla chief on his next vision

Elon Musk first gave out hints about the Hyperloop at the end of 2012, and described it at the D11 conference in May. The entrepreneur has requested critical feedback from the public. During Tesla Motors Inc (NASDAQ:TSLA)’s second quarter earnings conference call with investors, Elon Musk said that he is unlikely to build this system himself. That’s because Musk is already very busy running Tesla Motors Inc (NASDAQ:TSLA) and SpaceX.

The 42-year old Elon Musk says the Hyperloop will be a cross between a rail gun, Concorde and the air hockey table. Musk said he will ensure that it is affordable to common public, costing less than an airplane journey. The kind of travel timing he describes indicates that the Hyperloop will have a speed of over 600 mph, similar to the speed of sound.


The Hyperloop will never crash

Elon Musk has earlier tweeted that he will unveil the plan on “open source.” In the first stage, Elon Musk says, the solar-powered Hyperloop will carry passengers between San Francisco and Los Angeles. If the first stage is successful, the Hyperloop will start operations between New York City and Los Angeles. Musk said that the Hyperloop will be immune to weather, will have a speed four times faster than the bullet train, will never crash, run without batteries 24/7, and will use less solar power than it collects.

The International Business Times has come up with five things the Hyperloop might look like. First with PayPal, then Tesla Motors Inc (NASDAQ:TSLA) and SpaceX and now the Hyperloop, Elon Musk is definitely a man who sees the future. People call him the Tony Stark of the real world for a reason.

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