Elon Musk's Boring Company (how many companies does this guy run now?) has officially completed its first tunnel underneath Los Angeles, paving the way for pods to shuttle pedestrians and cyclists at fast speeds.

Musk shared the news of the completed 2.7-mile tunnel through social media with a timelapse video posted to Instagram, showing a ride from beginning to end.

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The tunnel's completion is a major milestone for The Boring Company, but it's still pending regulatory approvals. In the Instagram post, Musk thanked "strong support from public, elected officials & regulators."

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If approved, Musk says the tunnel will offer "free rides to the public in a few months" (that's demo rides for free). Regular ride fares will be "less than the cost of a bus ticket."

Finally, Musk reminded everyone the tunnel's purpose: to transport pedestrians and cyclists. Musk originally shared a video of the tunnel's use to shoot cars around underground, but clarified in March that cars would take a backseat to pedestrians and cyclists.

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