The Hyperloop was never meant to be built. Elon Musk admitted it was all about fueling opposition to California’s high-speed rail project so it would get canceled.
The Hyperloop was never meant to be built. Elon Musk admitted it was all about fueling opposition to California’s high-speed rail project so it would get canceled.

Paris Marx (@parismarx@mastodon.online)

The quote doesn't show him admitting it, but rather says his biographer said it.
Thunderf00t made many videos about the Hyperloop and while you do need to keep thinking for yourself while watching them because he makes mistakes or interjects conjecture or personal opinion as fact at times, he still does a good job of showing how absurd Hyperloop is on its face.
The so-called "fall of Elon Musk" should be a reminder to everyone so just think for yourselves. I know the TV ended up painting this guy is the second coming of Christ, but you don't become a multi multibillionaire several times over by just being a good guy. There's an old saying, you can become a millionaire through honesty, integrity, and hard work, but you can't become a billionaire.
Also everyone needs to keep in mind that most of his billions came out of your pocket. His companies are based off of massive government subsidies including the hyperloop, and one of the reasons why Tesla's stock price is so high is just because of government policies that have led to a massive stock market bubble at the expense of the common man. And there's just so much money sloshing around due to excessive government debt and massive central bank money printing it had to go somewhere, and it ended up going into stocks and other assets making those people rich while inflation adjusted wages have stagnated for decades.
I like Adam Something’s takes on it, which is essentially that the Hyperloop is dangerous and metros/subways are better.
Hyperloop and Loop are not the same thing. Loop is Teslas in small cheap tunnels. Hyperloop is high speed trains in vacuum tubes.
Adam Something has done a bunch of good quality videos on Elon Musk's failed projects, including the Hyperloop.
High quality comment! Thank you!
I'd love to know if he redirected any of that Government funding away from the hyperloop, to his other corporate interests.
Regarding your last paragraph:
Do you disagree with EV subsidies? The only reason Tesla was getting so many is because other components haven't really made EVs till recently. I think EV credits are a good thing for society because of the lower environmental cost than gasoline vehicles.
You referring to SpaceX? they do make a lot of their money from the government, but almost all as a customer rather than an investor. They sell NASA a product for less than NASA could have bought it for otherwise. I don't think that's unfair at all.
I would think so too if the second part was true. While the emission cost of an EV indeed about 30% lower (data for Germany, probably worse in the US), that means it's still 70% as bad as an ICE. That's an amazing relative efficiency gain and super interesting technologically but it's still pretty shit in absolute terms.
The future of transport is not cars everywhere but with electric engines; that's still not sustainable (far from it).
What actually needs subsidies are alternatives to cars:
Pretty much requires the absence of heavy and/or fast vehicles and needs attractive locations nearby. If you have to cross busy roads or have nothing of interest within 1km or so, walking just doesn't really work (see: Walkable cities).
Bicycles do need a bit more infrastructure than walking however: Well-paved paths (ideally separate from pedestrians) and racks to lock them to. This isn't nearly as bad as cars but even this very efficient form of individual vehicle can reach limits at some point (see: Bike racks near train stations in the Netherlands).
I think that @SJ_Zero@lemmy.fbxl.net was referring to the fact that a large portion of Musk's net worth is tied to the Tesla stock price. The age of easy money that the US economy has been living in for most of the past 15 years has led to many stocks to greatly explode in value much farther beyond what makes sense at a fundamentals level; Tesla being one of the most egregious examples.
EVs are nice, but still a car. And battery-production isnt entirely clean either...
I have a completely different stance on EVs.
Part of the "EV Problem" is that they're trying to solve the problem of ICE vehicles as they exist today using electric cars. This is because everything is set up for big ICE cars. The problem to be solved in that case is trying to replicate 100 years of ICE technology including highly efficient long distance travel whose range can be recovered in a few minutes at a fueling station. Since it's not possible to reasonably solve that problem with current technology, oligarchs can collect billions of dollars of money trying to build the holy grail of ICE replacement EVs.
The vision I have for EVs is completely different, and possible with current technology, and would improve the quality of life for a lot more people, and would be better for the environment in the long run.
A friend of mine is a Chinese national, he grew up in China. When he was in high school, they had these 3 wheeled electric vehicles people would drive around. They even had enough room that some people would go into business as a local taxi service, picking people up and taking them wherever they wanted to go. Eventually the existence of these vehicles embarrassed the local government so they cracked down on them.
Those vehicles are available online today, and a fully enclosed version is available for a few thousand dollars, no additional tech required.
So my vision is promoting and opening the regulatory field for small, low speed (60km/h or less), weatherproof EVs with a relatively low range (100km or so) that you can buy for less than $10k (a battery powered heater would be good for regions with particularly bad weather). In my view, something with an easily removable battery would be ideal, since on cold days you could bring the battery inside with you instead of trying to deal with cold weather and chargers in spots without power cords.
Since it'd be slower and lighter, I expect we'd be able to reduce the regulations about drivers as well, and the insurance requirements. A low cost to buy, low cost to own, low cost and difficulty to operate personal vehicle that uses significantly less material would improve the lives of many people who presently don't have personal transportation for much of the year.
To accomplish it, you don't need subsidies, just deregulate so it's easy to manufacture, easy to sell, easy to buy, easy to own, easy to use.
Compare that with giving billions of dollars collected from regular Joes to a billionaire so he can make impractical luxury cars for the 1%.
Electric cars are better than gasoline ones, but that subsidy money would have even better been spent on biking and transit.
Remember, cars are fundamentally unsustainable because they take up too much space and cause us to ruin our cities trying to fit them in. Electric cars don't fix that. If you want to subsidize "EVs," subsidize e-bikes.
I tend to agree, but if we are saying "you can have one or the other" then public transport would have a much larger positive impact on society. Particularly, pumping up the rail system would be a massive boon to just about everything. We can move thousands of people huge amounts of goods for a fraction of the space and and energy needs of personal vehicles.
Alternatively, the fall of Elon Musk was his way of getting Jack Ma'd, because money is not everything, and you can't just buy yourself a tool of strategic value and expect no consequences.
Oh my gosh I forgot thunderf00t existed. When I watched him a lot, no matter how much I watched his videos never ended up in my recommended
The saying never says that you can make 999,999,999.99 honestly. It just says one amount you can make honestly and one amount you can't. The implication is that the outer limit of what you can make honestly is somewhere in between.
Don't feel like you're taking the content how is meant to be read.
A million is a lot but a billion is an order of magnitude more. You think they worked an order of magnitude more?