I agree with most of what you say. If you can put men on the moon you can build Hyperloop. The question is whether there is any point for what it will cost.Putting my engineer hat on. There is nothing about the concept and technology that seems impossible, and all issues look solvable................ for a price.
It will certainly only be between very major locations (LA to SF in California is mainly cited). To be fair, Brunel envisioned that for the GWR ((London - Bristol; OK, Bath too) until over-ruled by the shareholders. Difference with Hyperloop would be that intermediates would need very long passing loops for the deceleration and acceleration, not to interrupt the main flow. Bear in mind that the pods are so close that when one slows, everything behind has to slow too, all the way back. I'm not convinced that the flow dynamics have really been worked out.
I dont think junctions would be too difficult. You would not need to move the whole tube like moving a mono-rail. The tube at a junction would be similar to that on a London tube line, and only the guide rails within would need moving.
I mentioned before that a lot of the low cost is due to (paraphrasing the advocates) "the land underneath still being usable". Obviously the advocates do not expect to pay for the land it passes over, except for a bit of compensation for the presence of the concrete base pads for the pylons, as with electricity transmission towers. Even if you accept the land is still usable (not what I generally see under motorway flyovers etc) I can't see that argument wash outside desert areas. They also assume no problems with planning permission either, perhaps based on the asssumption of behind-doors dealings, as seem to take place in the USA and certain other areas of the World.
Basically they are claiming that a railway in a vacuum tube would be cheaper to build than a railway not in a vacuum tube, except that they avoid the word "railway" (or "railroad"!).
As for capacity and fares, you need to understand that Musk has elite customers in mind. Think Concorde. This is most apparent in his early proposals for another pet project, the High Speed Loop (not to be confused with Hyperloop). Sitting in a traffic jam on his commute one day, Musk had a pipe dream (or was it a "joint" dream) of his car being lowered into a tunnel, driving along it, and popping up again ahead of everyone else (to his own advantage, but everyone else's disavantage of course). He has since built a prototype at Hawthorne ( https://www.boringcompany.com/testtunnel - Don't believe the cost figure BTW ). You have only to think for a moment to realise that the flow capacity of such car lifts is abyssmal, and such a scheme could only benefit a few high payers. Expect that any tunnels built by his Boring company will end up as conventional tube railways.
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