Saudi Money is far larger than Chinese Money (Patreon)

Elon Musk from Tesla and SpaceX, and Jensen Huang from NVIDIA are having lunch w Saudi Arabia’s Crown Prince Mohammed bin Salman. This could be a big deal for Tesla’s giant batteries, called Megapacks, and NVIDIA’s computer chips, as Saudi Arabia is trying to move away from relying on oil. The country’s Public Investment Fund (PIF) is worth over $900 billion, and they’re planning to pour around $40 billion into AI tech alone.

Tesla Megapacks: Saudi Arabia wants to change its economy with a plan called Vision 2030, which means putting a lot of money into clean energy like solar and wind power. Tesla’s Megapacks are huge batteries that can save energy from these sources, which don’t always work all the time (like when the sun isn’t shining). These batteries make sure there’s always power when needed. If Saudi Arabia teams up with Tesla or invests in them, they might buy a lot of Megapacks for their clean energy projects, like the new NEOM city they’re building. That would be great for Tesla’s battery business.

NVIDIA Chips: Saudi Arabia is also planning to invest big into artificial intelligence (AI), smart buildings, and big computer centers for their new projects. NVIDIA chips make this possible. If Saudi Arabia decides to work with NVIDIA or buy their chips, they’ll need a ton of them for things like self-driving tech in NEOM or big AI research projects.

Rem the Saudis have a lot of cash,,,, and the market given huge level of investment could match or even be bigger than the Chinese market. Bessent knows this.