Sorry for repeating myself, but gravity is weak. If you hang a 500t weight in a 150m vertical tunnel, it only holds 500 * 1000 * 9.8 * 150 = 735000000 J, or 735 MJ, that is, 204 kWh.
A Tesla model 3, basic model (MSRP ~$38k) has battery capacity of 50 kWh, so we're talking about four Tesla 3's.
I don't think digging a 150m hole is cheaper than four Teslas - and Teslas come with the rest of the car you can use for driving.