Money Elon Musk Outlines Plan to Get Into the Brick-Making Business

12:01  11 may  2018
12:01  11 may  2018 Source:   bloomberg.com

Victorian budget 2018: Treasurer Tim Pallas grants tax cuts to business, free TAFE to students

  Victorian budget 2018: Treasurer Tim Pallas grants tax cuts to business, free TAFE to students Free TAFE courses for tens of thousands of Victorians, tax relief for regional businesses and a record investment in mental health services are the headline items in Treasurer Tim Pallas's election-year budget.With most of Labor's billions for schools, hospitals and infrastructure already announced ahead of Tim Pallas's budget, there were few surprises waiting, and the pitch from the Treasurer is designed with suburban and regional voters in mind.

Going forward, a spokesman said, the company plans to make bricks out of excava. Related shots. 15 hours ago. Elon Musk says he'll turn trash from tunneling into homes.

Elon Musk tweeted out plans Monday for yet another side venture: alleviating the nation's housing crisis. Any contaminants showing up in the excavated Boring Co. soil would complicate efforts to make that material into bricks used for housing.

Billionaire Elon Musk, chief executive officer of Tesla Motors Inc., listens during the StartmeupHK Venture Forum in Hong Kong, China, on Tuesday, Jan. 26, 2016.: Musk Outlines Plan to Get Into the Brick-Making Business© Bloomberg/Bloomberg Musk Outlines Plan to Get Into the Brick-Making Business

Move over, candy and flamethrowers. Elon Musk tweeted out plans Monday for yet another side venture: alleviating the nation's housing crisis.

"The Boring Company will be using dirt from tunnel digging to create bricks for low-cost housing," he wrote in a tweet about his nascent tunneling enterprise.

A company spokesman confirmed the plans, saying the bricks will come from the "excavated muck," and that "there will be an insane amount of bricks.” Musk has also suggested he has plans to sell them, and the company said future Boring Co. offices will be constructed from the company’s own bricks.

Elon Musk says Tesla will begin Model Y production in 2 years and it will be a 'manufacturing revolution'

  Elon Musk says Tesla will begin Model Y production in 2 years and it will be a 'manufacturing revolution' Tesla CEO Elon Musk calls "Model Y is going to be a manufacturing revolution" during the company's first-quarter earnings call. "I think Model Y is going to be a manufacturing revolution," Musk said. "It will be, I think, incredible from a manufacturing standpoint, because we do not want to go through this pain again.

Indians got over 74% H-1B visas issued in last two years: Report. Kathua rape and murder: Accused to file fresh petition in SC, seeking CBI probe. May 8, 2018 ramakant Business , TOI.

Going forward, a spokesman said, the company plans to make bricks out of excava. Related shots. 14 hours ago. Elon Musk says he'll turn trash from tunneling into homes.

How many affordable housing units those bricks will create, though, is a different matter, says Juan Matute, a lecturer at the University of California, Los Angeles, and associate director of UCLA's Institute of Transportation Studies.

Musk’s tweet "assumes that housing costs are driven by construction materials, and particularly, construction materials that can be replaced by bricks," Matutue said. "That's not the case." At least in California, the only state where Boring Co. has started digging a tunnel, land and labor drive prices more than anything else.

Going forward, a spokesman said, the company plans to make bricks out of excavated mud from all Boring Co. tunnels, not just the one currently under construction in Hawthorne, California, on land owned by Musk's Space Exploration Technologies Corp.

All the ways that Tesla could go bankrupt in the next year

  All the ways that Tesla could go bankrupt in the next year For the first time in ten years, a Tesla bankruptcy is being seriously discussed. Tesla is currently under enormous financial stress. There are several ways that Tesla could end up in Chapter 11. Bob Lutz watched General Motors go into bankruptcy in 2009, and for several years, he has been deeply critical of Tesla and CEO Elon Musk. "I've been totally consistent on this," he told CNBC last week, following Tesla's first-quarter earnings and after a surreal Muskian performance on a conference call with analysts.

Elon Musk tweeted out plans Monday for yet another side venture: alleviating the nation’s housing crisis. A company spokesman confirmed the plans , saying the bricks will c… The Business Times.

Elon Musk tweeted out plans Monday for yet another side venture: alleviating the nation's housing crisis. Any contaminants showing up in the excavated Boring Co. soil would complicate efforts to make that material into bricks used for housing.

When it comes to actual housing construction, bricks tend to be expensive, in part because assembling brick walls takes more work than other options, such as putting up panels. And because bricks don’t stand up well to earthquakes, a major concern in fault-riddled California, building codes typically require buttresses such as reinforced steel and rebar when bricks are used.

Shock couple alert: Elon Musk and Grimes attend Met Gala together

  Shock couple alert: Elon Musk and Grimes attend Met Gala together Well this is unexpected

Elon Musk Outlines Plan to Get Into the Brick - Making Business . Elon Musk Just Stunned Facebook, Deleting The SpaceX and Tesla Pages--Here's Why That's Awesome.

Elon Musk Outlines Plan to Get Into the Brick - Making Business . Tesla's Elon Musk Threatens to Become a Liability | WIRED. more. Most popular shots this week. 9 hours ago. Bloomberg.

On its website, Boring Co. says bricks could potentially also replace concrete in a portion of its tunnels' linings, which it says would help the environment as concrete production creates significant greenhouse gas emissions.

Musk seemed well aware of the possible risks in a separate plan for the tunneling byproduct that he tweeted out in March. Boring Co. could soon sell "life-size LEGO-like interlocking bricks made from tunneling rock that you can use to create sculptures and buildings," he wrote. "Rated for California seismic loads, so super strong."

Another potential hurdle: Chemicals have contaminated much of the land under Los Angeles. Any contaminants showing up in the excavated Boring Co. soil would complicate efforts to make that material into bricks used for housing.

Challenges around the idea may not prevent Musk—who has a track record of delivering on projects that others dismiss—from getting it done, Matute said.

"That doesn't mean the Boring Company can't buy some land and build a few low-cost houses, with a partner like Habitat for Humanity," Matute said. "And say, 'Look what we did.'"

Meet Tesla's new bondholder - Billionaire George Soros .
<p>The investment firm founded and chaired by billionaire George Soros took a stake in Tesla Inc bonds during the first three months of the year, giving the electric carmaker run by Elon Musk a prominent supporter.</p>Soros Fund Management LLC took a $35 million stake in the convertible bonds of Tesla, which are due in March 2019, according to filings with the U.S. Securities and Exchange Commission. A spokesman for Soros did not respond to a request for comment.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!