Elon Musk's Boring Company registering as a small business after Donald Trump's 2024 election victory
Elon Musk's Boring Company, despite its high valuation, registered as a small business on a government portal for federal contractors after Donald Trump's 2024 election victory. The company has struggled to generate revenue and seeks federal funding. It has focused on building tunnels in Las Vegas but has faced challenges in other U.S. cities. Boring has received criticism for its financial performance and lack of profitability.
Key Points
- Registered as a small business on SAM.gov after Trump's win
- Focus on building tunnels in Las Vegas
- Challenges in other U.S. cities
- Received criticism for financial performance
Pros
- Eligibility for special contracts for small businesses
- Potential access to federal funding
Cons
- Struggles to generate revenue
- Criticism for lack of profitability