Elon Musk replied “True” on X to a Wall Street Journal post about The Boring Company’s latest funding round.
True
The post he confirmed stated that The Boring Company made an unusual demand of some investors in its latest funding round: if they wanted in, they had to help build the business.
What was announced
- Elon Musk confirmed the Wall Street Journal’s statement that some investors were required to help build the business as a condition of participating in the latest funding round.
- The confirmation is a one-word reply on X. The Boring Company account did not publish a matching original post with further terms.
Context
The Wall Street Journal post Elon Musk replied to referred to The Boring Company as his tunneling startup and described the requirement as applying to some investors in the latest funding round.
Tunnelati covers official The Boring Company developments only. This item is included because Elon Musk’s reply is clearly about The Boring Company.
Limits of this report
This report contains only what Elon Musk confirmed on X and the wording of the Wall Street Journal post he replied to. It does not state a valuation, an amount raised, whether the round is closed, which investors were involved, or any further conditions not written in those two posts.
Source
https://x.com/elonmusk/status/2095719732443824585
The confirmed Wall Street Journal post: https://x.com/WSJ/status/2095694455978308056