Tesla Cofounder Has Another Billion-Dollar Idea


It’s fair to say Tesla has revolutionized the electric car industry. The Model 3 is bringing EVs to the masses, the Model S Plaid is setting new standards for electric car performance, and Tesla is constantly improving its battery technology. But while EVs are helping lower global emissions, there are concerns about emissions generated from battery production.

In response, Tesla recently announced that 100% of its scrapped batteries are recycled and plans to set up internal recycling facilities at its battery production sites. Redwood Materials, a new company set up by Tesla’s co-founder and former technology chief J.B. Straubel, also recycles batteries from Nissan and Amazon. Now, Redwood wants to simplify the supply chain for EV batteries by building the required materials at a new plant in the US.





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