This man seems out of this planet. Yes, Elon Musk is offering to do a contract the city bureaucrats have quoted for $1 billion at a time duration of 4 years, for $30 million and within 6 months: “Elon Musk told Miami’s mayor Friday that The Boring Company could dig a two-mile tunnel under the city for as little as $30 million — a fraction of the $1 billion price tag once quoted by local transit officials. Musk also told the Mayor that The Boring Company could complete the job in six months, versus the original four year estimate.”
When you discuss a new basis of competition, this is a great example. Great companies set a new basis of competition, making it impossible for competitors to exist.
If you run a business where you are quoting $1 billion to do a job in 4 years, and another is asking for $30 million for 6 months, you will agree with me that you are out of business.
Mayor Francis Suarez shared these details about his “wonderful call” with Musk in a video posted to Twitter. “He’s focused on trying to deliver a project that will have the maximum utility for our residents for the least amount of money,” Suarez said. “The order of magnitude in terms of savings is significant.”
DETAILS BELOW?? pic.twitter.com/NsJFYcvGeQ
— Mayor Francis Suarez (@FrancisSuarez) February 5, 2021
Click to join Tekedia Capital and build Next Africa with min of $10,000 co-investment in startups.