Elon Musk is a very smart man.
The billionaire entrepreneur has spawned several successful companies, including Tesla and Space-X. He’s widely recognized as one of the visionaries in today’s tech landscape, with many putting him on-par with the likes of Steve Jobs and Bill Gates.
Given this, it’s a bit odd to see Musk so aggressively market the Hyperloop, a concept that has not been built, or really tested, anywhere in the world. Yet, Musk set the Twitterverse on fire, by tweeting that he had received “verbal approval” for building a “Hyperloop” between New York and Washington. According to Musk, the new transportation option would allow passengers to travel between the two cities in just 29 minutes (compared with 3 ½ hours today). He claims, and has claimed in the past, that construction will commence soon and will be far cheaper and more cost effective than high speed rail travel. He has even gone so far as to draw comparison with high speed rail efforts that are underway today, seeing these as a waste of time and money.