Funicular means there's a counterbalance, usually a second car is used as a counterweight.

I have no idea how this particular system works, and there's only one car.

Lol.

You made me go read the article to find out more!

In 1957, the partners came up with the idea for a lift — customers had been asking for one for years — and hired Oakland’s Dwan Elevator Co. to install the red inclined “hillavator” that could carry six guests at a time 118 feet to the entrance.

So, yep, definitely an elevator. But even elevators use a counterweight, which in a Funicular is another car, and it's along an incline.

Hmm, so is there really a difference?