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Elon Musk’s New Boring Co. Faced Questions Over SpaceX Financial Ties

SpaceX investors including Peter Thiel’s Founders Fund questioned use of resources to support the tunnel-digging venture

The SEC filed a lawsuit against Elon Musk for securities fraud over a market-moving tweet in August about possibly taking Tesla private. The news is just the latest development in a tumultuous year for the CEO. Photo illustration: Heather Seidel/The Wall Street Journal

By

Rob Copeland

Rob Copeland

The Wall Street Journal

Biography Rob Copeland
@realrobcopeland
rob.copeland@wsj.com

Dec. 17, 2018 3:26 p.m. ET

Elon Musk’s tunnel-digging venture, the Boring Co., is being pulled into the billionaire entrepreneur’s controversial practice of spreading overlapping assets across his disparate technology firms.

On Tuesday, the Tesla Inc. chief is set to unveil a test tunnel developed by the Boring Co., the first of what Mr. Musk imagines as a futuristic series of high-speed underground highways to alleviate traffic.

The...

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