Tesla Motors Inc. chief executive Elon Musk disclosed Monday plans for a futuristic "Hyperloop" transportation system that will move people between San Francisco and Los Angeles in under half an hour. According to Musk, the Hyperloop system would have an overall cost of less than $6 billion and could be completed between 7 years to 10 years.
The solar-powered Hyperloop system – which Musk previously described as a cross between a Concorde, rail gun and air-hockey table -- could transport 7.4 million people each way annually.
According to the 57-page design plan, the Hyperloop would shoot up to 28 passengers in each enclosed capsule through a low-pressure steel tube at up to 800 miles per hour.
Musk envisions capsules departing every 30 seconds, travelling 400 miles between Los Angeles and San Francisco along an elevated tube built along the I-5 interstate highway. The capsules ride a cushion of air blasted from "skis" beneath, driven forward by a magnetic linear accelerator.
The plan, however, still has to resolve some questions like whether the California state government would give the green light for the Hyperloop and whether there are private firms who would offer to build the project.
Musk has remarked he has his hands full from running Tesla and SpaceX to build the Hyperloop himself. As for now, the design for the Hyperloop is still theoretical and has yet to undergo a field test. Musk said that since the design plans were open-source, others could build on them. He, however, remarked Monday that he could kick off the Hyperloop and then turn it over to other people to complete.