Best new movies to stream on Netflix, Hulu, Prime Video, Max (HBO), and more The Boring Company came into existence in 2016 following Musk’s frustration with the slow Los Angeles traffic. Instead of considering traffic management solutions at street level, the billionaire entrepreneur had the idea to create a tunnel infrastructure capable of offering fast, safe, and comfortable transportation. Of course, using tunnels to move people around is nothing new, but one of the Boring Company’s ideas is to place passenger vehicles onto electric-powered sleds that would move along at speeds of up to 150 mph. The tunnels could also be used to further Musk’s vision for Hyperloop, an ultra-high-speed transportation system that puts people in passenger pods before hurtling them to their destination. But as the company recognizes, “to feasibly build a large network of tunnels, one must first rapidly innovate to increase tunneling speed and reduce tunneling costs.” Hence the boring competition. Teams will compete against each other to bore a 30-meter tunnel with a cross-sectional area of 0.2 square meters. Competition categories will include the fastest completed tunnel, the fastest completed tunnel and driving surface (a remote-controlled Tesla will be driven through the tunnel), and the most accurate guidance system for a boring machine.