Elon Musk’s lowest-profile company is still making a lot of noise. The Boring Company is working with the Economic Development Authority of Western Nevada on a conceptual plan for a tunnel running roughly nine miles under Interstate 80 from Reno to the Tesla (TSLA) Gigafactory at the Tahoe-Reno Industrial Center, funded by a $50,000 feasibility and conceptual design contract.
The study on the potential for a Boring tunnel is one of several options being considered by transportation officials to ease worsening congestion and accidents on I-80 near Reno, as employment at the Tahoe Reno Industrial Center has surged to about 22,000 workers, including thousands at Tesla (TSLA) and Panasonic.
The Boring Company is also active in Las Vegas, with the Vegas Loop experiencing significant expansion in early 2026 as the transportation system evolves from its original convention center focus into a comprehensive citywide transit network. The network currently has eight operational stations in the Strip corridor, including five at the Las Vegas Convention Center, plus stations at Resorts World (opened in 2022), Westgate (opened in January 2025), and Encore (opened in April 2025). The most anticipated development is the expanding airport connection to Harry Reid International Airport, scheduled to continue growing to a capacity to transport up to 20,000 people per hour.
A 2022 Series C funding round valued The Boring Company at $5.7 billion.
Caterpillar (CAT), AECOM (ACM), and Jacobs Engineering Group (J) are three companies that are very loosely related to Boring’s unique main business. Elon Musk’s other companies include Tesla (TSLA), SpaceX (SPACE), Neuralink, and xAI (XAI).