Well, obviously they want to keep the hype alive. So it’s understandable that they’d refuse to change the name.
Sadly, this also means we have a lot of people think this is something revolutionary, although I guess that’s intentional.
It’s really annoying when you consider how the US refused a proposal from japanese companies a few years ago to build a MagLev system between Boston, NY, Washington, with capacities around 10k people per hour.
That said, it suggests that the HyperLoop concept is not viable which is not that surprising IMO. However, it might also just be a case of lower R&D costs.