Latest Business News: Elon Musk Will Reveal His High-Speed Hyperloop Transport Design By August 12

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Latest Business News: Elon Musk Will Reveal His High-Speed Hyperloop Transport Design By August 12

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Latest Business News: Elon Musk Will Reveal His High-Speed Hyperloop Transport Design By August 12

by Wochit 1:07 mins

Latest Business News: Elon Musk Will Reveal His High-Speed Hyperloop Transport Design By August 12

by Wochit 1:07 mins

Startup renaissance man Elon Musk has spent the past year or so not-so-subtly dropping hints about yet another ambitious transport project of his, and it seems he's getting ready to describe it in more detail. Musk revealed in a tweet that he plans to publish his tentative designs for the Hyperloop system by August 12. U.S. retail sales rose 0.4% in June and just 0.1% excluding autos, with both measures well below consensus estimates. The report raises new questions about the strength of the U.S. economy, the health of consumers and the timing of any Federal Reserve ?tapering.? Shares of Boeing Co rose as much 3 percent in early trade as an investigation into a fire that broke out on a 787 Dreamliner in London did not blame the plane's batteries. News of the fire had sent Boeing's shares down 4.7 percent July 12th, knocking $3.8 billion off the company's market value.

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