All the pundits are so busy comparing bells and whistles, it's analogous to comparing NY-London travel times of a modern airliner to a Concorde.
Yes, Concorde was way faster. But there's a reason it doesn't fly anymore. Costs were an order of magnitude higher too, and with that fast came a ton of downsides making it basically unfit for purpose and irrelevant in all the places where modern airliners, despite being slower, are fit.
If you are any of a number of places that neither has modern subway infrastructure nor the cash to build it, a capability to reduce the initial cash outlay is a big deal. Even if what you get as a result is smaller.
A good way to look at it -
Many companies know how to make a car. But companies like Toyota don't make cars. They make mega-factories that make a million cars a year. There are only a handful of companies that can build such factories.
The Boring Company didn't "build a tunnel". They built a capability to build (more) cheap tunnels. A tunnel factory if you like. And their first one, unimpressive though it may be, is just that - it's just the first one.
Is Musk an endless source of hyperbole? You bet.
Does it mean costs will reduce by exactly x10 if he said on TV they will? No. Those statements are part of the hyperbole. Treat them as such. They might be x3, or x7, or x11, or - if you really understand what they are doing - start at x2 due to all the associated development costs, but get better over time where the cost model of larger tunnels and tunnel boring equipment can't.
Finally, do the approaches of Tesla, Solar City, SpaceX and The Boring Company actually do big things differently, and in systemically far more advantageous ways? Is there substance, or is it snake oil? Well, yes. Yes they do, and yes, there is substance.
And the hyperbole is there for a reason - helps drive the public conversation, the support, the publicity and the investment. That's why they engage in it.
You can look at the Tesla Roadster as an irrelevant gimmick, being a car for 2 people and all. Or you can view it as the first brick of a bigger structure that was to come which is Tesla today.
Look past he service that particular tunnel provides. It's about things like the MkIII boring electric machines they developed. The business model that's available to them, but isn't available to other drilling orgs. It's a first brick, not the end state.
Don't over-buy into Musk's mouth. Watch what he is doing. And pay attention to how it all connects. Because it does.