Elon Musk, chief executive officer of electric vehicle maker Tesla
Motors Inc., will unveil designs for a solar-powered inter-city
passenger transport system by Aug. 12.
The technology behind the system will be a "breakthrough" and Musk
will be "happy to work with the right partners," Musk said in Twitter
posts today. Musk is seeking "critical feedback" on the system and
will publish it as open source, according to the tweets.
Musk previously said that the so-called Hyperloop would be twice as
fast as airplane travel and cheaper than high-speed rail. Musk is the
chairman of SolarCity Corp. (SCTY), the rooftop power producer that's
more than quadrupled in value this year.
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