Steen Jakobsen
The Bank of Japan has abandoned quantitative easing and the European Central Bank may taper its bond-buying programme, so what is the role of central banks in 2017, asks Saxo Bank’s chief economist Steen Jakobsen.
Editor’s Picks 01 August 2016 at 1:13 GMT

Tesla's entire future depends on the Gigafactory

When you find yourself in the middle of the Nevada desert, on a 100-degree day, you wonder: who in the world would build something here? Elon Musk, of course, writes Jordan Golson. Golson is in the city of Sparks, outside of Reno, because of Musk's dream – his "Master Plan" for Tesla. He's staked his entire company (and much of his net worth) on a single, enormous building here: the Gigafactory. Tesla's Gigafactory is perhaps the best example of the literal scale of Elon Musk's ambitions. When the factory is complete, it will be the largest building in the world by footprint and, if all goes to plan, will eventually churn out enough batteries to supply 150 gigawatt hours of batteries a year.
Read full article at CNBC


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