Fed Up With LA Traffic, CEO Gives $50K to Speed Work

Elon Musk says he'll provide even more of his own money if it will help

By John Johnson,  Newser Staff

Posted Apr 25, 2013 5:09 PM CDT

(Newser) – Surprise, surprise: Los Angeles again ranked as the city with the worst traffic congestion in America in an annual survey out this week, reports Reuters. Here's a sign of how bad things are, from the LA Times: Entrepreneur Elon Musk—he of Tesla, PayPal, and SpaceX—has forked over $50,000 of his own money to speed up a massive project to widen the 405 freeway, and he's willing to give more if it puts more workers on the job.

It's "a contribution to the city and my own happiness," says the commuting CEO. "If it can actually make a difference, I would gladly contribute funds and ideas. I've super had it." The 405 project in particular is behind schedule and over budget, and drivers currently put up with conditions that range from "bad to horrendous," says Musk. "I don't know why they aren't marching in the streets."

SpaceX CEO Elon Musk.
SpaceX CEO Elon Musk.   (AP Photo/Jack Plunkett)
In this 2012 photo, a message board flashes a warning to drivers on Interstate 10 of work ahead on the 405.
In this 2012 photo, a message board flashes a warning to drivers on Interstate 10 of work ahead on the 405.   (AP Photo/Reed Saxon)
Traffic on Interstate 405 is seen from the Sherman Oaks Galleria mall parking lot Wednesday in this file photo.
Traffic on Interstate 405 is seen from the Sherman Oaks Galleria mall parking lot Wednesday in this file photo.   (AP Photo/Damian Dovarganes)
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