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He seems to be angling for Mass Transit 2.0: The Bus Comes to You.

Is that going to work? I don't know yet. I want to believe, though.

It will make things better, but I don't think it can solve anything outright. Grade separation, which provides load balancing and a sort of fail-over route, is the real deal.

I'll believe it when I see it. Being a rich techie doesn't mean you know how to build a public transit system

Is the current plan actually for mass transit or just point-to-point rather exclusive transit?

https://www.citylab.com/transportation/2017/12/what-elon-mus... was doing the rounds a few weeks ago

Both of those are bids, not projects for which the Boring Company has been selected.