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by falcolas
3088 days ago
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As someone who has lost money to PayPal, I have a hard time agreeing with the 75%, especially when you consider all the caveats associated with it. That said, I won't argue the point. I could swear that the rush for solar via Solar City has dropped precipitously. It seems like those who want it have it at this point. Its business model is also heavily dependent on US grants, and has seen some major downturns in terms of litigation and has been operating at a net loss for its lifetime. Let's put it closer to 50% The boring company is simply trying to make underground highways - a task which makes very little practical sense in a world where highways already exist, and their downsides are well known. Not to mention, no execution or proof of concept exists. As for the Hyperloop, again with the lack of execution or proof of concept. Anybody can make a whitepaper, but Elon Musk has put his weight behind the concept, to no practical end. But sure, let's remove it because you're right, he made no promises behind it; didn't start a company around it. We're still only around 40%. |
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I would call it similar to Space X before they started landing the rockets. Just making digging cheaper much like making rockets cheaper is a basis for a profitable company. A long term goal of 1/10th the price really would be game changing.
PS: Picture even a one way toll road that goes 20 miles under I-66 into DC they could easily charge 10$/ trip an get 100,000+ riders each way per day. So, the real question is how much that tunnel costs. At 20 billion $ that's 20 billion * 6% ~= 1.2 billion per year vs 2 * 10 * 100,000 * 5 * 48 = 480 million so not a win. But, at 1/10th the price or 2 billion that's ~120 million per year break-even vs 480 million and highly profitable. How many places could a 5 mile segment be able to charge say 3 dollars and have 100,000 people per workday?