You can thank brainy billionaire Elon Musk's Hyperloop proposal for bringing electro-magnetic-powered transportation and the linear induction motor back into the public consciousness.
The Hyperloop is a system for really-really rapid transit. If built, Musk claims it can carry people about 800 miles per hour, which could get you from Los Angeles to San Francisco in about 30 minutes.
Bloomberg scored the big scoop and got Elon Musk — the founder of Tesla, SpaceX and Paypal — to explain his vision for a high-speed mass transit vehicle that could deliver you from Los Angeles to San Francisco in an astonishing 30 minutes. Musk explained that the Hyperloop pods would leave every 30 seconds and would run inside "low pressure" tubes. Bloomberg continues:
By now, you've probably heard of Internet-based ridesharing apps like Uber and Sidecar that let you hail a ride with the touch of a screen. They're often cheaper than taxis and because of that, they're in most major cities and their popularity is booming.
For years, cities and states — bodies that regulate transportation — have struggled to figure out what to do about them. Recently, California took the first steps towards legitimizing them.
In Los Angeles, Lyft is one of the biggest ride-sharing companies.