The cold logic behind Elon Musk’s $5 billion gigafactory gamble
Elon Musk is placing an enormous bet on the world’s largest lithium-ion battery plant—a $5 billion, 10 million-square-foot (930,000 sq m) “gigafactory” that would make enough battery packs to power 500,000 electric cars a year. That is four times the number of electric cars of any brand bought …