The whole fleet is going to electrify. All the cars on the planet will be electric. Once you do that, all those materials that make up those cars are going to be in a closed loop ecosystem. Th they're in the car for the life of the car. And o, that combined industry is bigger than all the mining that feeds itit's bigger than the existing kind of harts industries that supply it,. and it doesn't exist to day.
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).