And, of course, the skin friction on a 2.5 meter tunnel would be immense. Using a duct friction loss calculator I get 285 megawatts of loss over the entire tube. You need two tubes. At 120,000 passengers/day (HSR estimate), it would take 114 kWh per trip. That's worst than the Model S, hardly an system in which "the fundamental energy cost is so much lower" than a car.
No, the "theoretically fastest way" to go from Point A to Point B is a great-circle vacuum train connecting them. A launch loop does essentially that, but exploits the vacuum above our heads instead. It just fits better.
Any hyperloop theory needs to deal with supersonic speeds – LA-SF as the crow flies in 30 minutes is just under the wire for subsonic speeds. Elon said "under 30 minutes." There are mountains in the way.