If the technology is all ready then why doesn't he build a test track out in the desert to prove it?
Because he is busy running Tesla and SpaceX. He just proposed the idea, it is not his duty to "prove it". If it is a good idea, it should be adopted regardless of who proposed it.
Personally, I think neither HS-Rail nor Hyperloop should be built. They are both decades away, and by that time we will have self-driving electric cars. It would be far cheaper to build a streamlined self-driving bus that can do 120MPH on existing road infrastructure. It could go from LA to SF in about three hours. That is "good enough" and would be about 1% of the cost. The other 99% of the price tag for rail could be used to pay down our 14 trillion dollar debt.