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
SpaceX CEO Elon Musk.   (AP Photo/Jack Plunkett)

(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."

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Apr 26, 2013 11:30 AM CDT
Behind schedule and over budget? I don't believe it.
Apr 26, 2013 8:26 AM CDT
At first I thought it said, paid 50k to speed to work...
Apr 26, 2013 1:31 AM CDT
Would that even pay for the operation of 1 bus route for 1 year in L.A.? Elon man, you want to make a difference, invent a Tesla manufactured city bus that runs off Lithium-Ion batteries that can run all day on a single charge or that can recharge in a few minutes. Do that & we will all say THE FREE MARKET TRULY INNOVATES!!