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The Hyperloop was always a scam
(www.disconnect.blog)
This is a most excellent place for technology news and articles.
Good point, but in the long term, a successful large scale transit project can and will sway opinions and cause other transit projects to crop up nearby. In the mind of a car exec it's probably best to nip it in the bud in case more people get a taste of what car-free ground transportation can do and start getting ideas about transit expansions in their cities, and it's not like he's shy about his vehemently anti-transit stance in general either.
california cities outside the bay are spread out as fuck and the infrastructure is planned around car ownership. it would be a very long time before people would start going carless.