The Boring Companies New Underground Drill?

From article, Elon Musk talking about making a tunneling company to fix traffic

(Zaptec has a new plasma drilling technology which could achieve practical, affordable, and reliable deep drilling on the Moon, asteroids, Mars, and its moons. The drilling system comprises a freely advancing drill head tethered by a power cable to a power source topside and high voltage generator downhole. The drill advances by generating a high-energy density plasma at the drill head which breaks down and pulverizes the target rock. A key enabling technology is the system’s ability to deliver high energy plasma discharges via low mass, small volume power transformers located in the
drill head section. Powder cuttings may be removed by circulating compressed CO2.)

Me, "The Boring Company that Elon Musk may want to start, could use this technology on Earth, to test, and use on Earth and as another form of income from Earth for Space Operations. It could lead to greatly decrease drilling times for construction projects and could be used on Mars. the Moon, and other places."