A small % of the fleet is still electrified, but it's clear now to every major in auto company. 75% of new passenger car cells in 20 20 are electric; norway has biggest oil reserves and largest sovereign wealth fund in world. If teslawel had failed, what would the state of e vs be to day? We'll go over to redwood materials next.
In a short news segment, Jason talks about a company that tried to sell "fantasy startup investing" NFTs and why they had to pivot (1:44). Jason gives a brief tribute to Steve Jobs (15:48). Then, he's joined by JB Straubel, Tesla's longtime CTO who stepped down in 2019 to found a new lithium-ion battery recycling company, Redwood Materials(22:08). JB and Jason discuss the early launches and setbacks at Tesla, overcoming challenges, and the possibilities created by battery recycling. To close out the show, we play a clip of Steve Job's 2005 Stanford Commencement Address (1:20:15).