By CCN: As Tesla stock goes up in flames amid its “code red” crisis, Elon Musk enjoyed a small reprieve from the tsunami of bad news when his Boring Company won a $48.6 million Las Vegas contract. The Las Vegas project is a milestone for Boring since it is the fledgling company’s first commercial contract. The Boring Company is a tunnel construction firm Elon Musk launched in late-2016. It was initially a subsidiary of SpaceX, but it was spun off into an independent entity in 2018. Loop Will Cut Transit Time from 15 Minutes to 60 Seconds On May 22,
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