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Elon Musk, co-founder and Chief Executive Officer of Tesla Inc., speaks at an unveiling event for The Boring Company Hawthorne test tunnel

Elon Musk unveils the Boring Co. Hawthorne test tunnel in Hawthorne, California, in December 2018. Photo: Robyn Beck-Pool/Getty Images

Elon Musk tweeted late Friday that his startup Boring Co. will have a transportation tunnel it's building in Las Vegas "hopefully fully operational in 2020."

Why it matters: Per Axios' Joann Mueller, Vegas is the first paying customer for Musk's hyperloop idea aimed at easing traffic woes in highly congested cities began as a joke tweet in 2016. The transit system would shorten what would be a 15-minute walk to a one-minute ride.