Musk claims Boring Company made $300,000 by selling hats

Elon Musk, Founder of the tunnelling startup 'The Boring Company', has claimed that the startup has made over $300,000 (₹1.9 crore) by selling hats. The hats went on sale in October for $20 and feature the company's logo on the front. Musk termed the sale as "Initial Hat Offering" and stated that all the "cash goes directly towards more boring."