The math on this is ridiculous from every perspective.
They are counting on 40 million boarders ? That is 110,000 people taking a high-speed train per day every day of the year. Do that many people really need to travel between San Diego, LA, San Fran, Sacramento ? Daily ?
They are saying they need to charge $105 per fare. Why ? The freight company CSX moves a ton of freight 400 miles by rail for a few dollars according to their commercials.
They need $4B per year to meet operating costs ? That seems like an awful lot.
You can’t figure it out?
Cargo is moved bulk. Weight wise a single train car can guestimated hold three thousand people. Cargo will sit, with out air, water, waste or human service on sidings for days.
Cargo doesn’t care about departure or arrival terminals.
I don’t think you want to be priced out at the same weight volume as bulk cargo.