Liam Denning, Columnist

Saudi Arabia's Tesla Roadmap

Old certainties of demand and supply are obsolete.

April 1, 2016 at 5:59 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

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First question for Saudi Arabia's proposed sovereign "megafund": Will it be buying a stake in Tesla Motors?

Bloomberg published an interview with Deputy Crown Prince Mohammed bin Salman hot on the heels of Elon Musk's unveiling of Tesla's bid for mass-market mastery in electric vehicles, the Model 3. Like Musk -- "We don't make slow cars" -- there was more than a touch of braggadocio in the prince's delivery. Plans to list Saudi Aramco and embed it in a supposedly multi-trillion dollar Public Investment Fund -- "Undoubtedly, it will be the largest fund on Earth" -- amount to nothing less than a transformation of the economy of OPEC's de facto leader.