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Tesla Executives Linked To Investment In a Startup That Focuses On 'Materials Recycling' (cnbc.com)
According to CNBC, "Two Tesla executives have been named as directors of a company called Redwood Materials, which appears to focus on technology to recycle and reuse manufacturing materials." From the report: Jeffrey Straubel, chief technical officer, and Andrew Stevenson, head of special projects at the auto firm, were on a U.S. Securities and Exchange Commission (SEC) filing highlighting a $2 million fundraiser for the Redwood Materials. The document was first uncovered by data platform CB Insights on Monday. Straubel and Stevenson are named as executive officers and directors of this company. Stevenson is also down as chief financial officer. Redwood Materials describes itself as making "advanced technology and process development for materials recycling, remanufacturing, and reuse," on its website. The SEC filing shows that the company was set up in 2017 and is based in Redwood City, California. It has raised $2 million from just one investor but the name of the backer is not disclosed. The extent of Tesla's involvement with Redwood Materials is unclear, but if it were a partner, customer or even investor, it would certainly make sense. The company, which is run by billionaire Elon Musk, has been focused on ways to make its supply chain more efficient in order to scale and meet demand. Using a company like Redwood Materials would allow Tesla to own more of the supply chain, potentially helping to boost production, and in a more sustainable way, given that it would be recycling materials to be manufactured into different parts.
Billionaires/Millionaires invests in start-up that could improve their profit margins by a non-trivial amount. Who cares? Show me the article when the technology is working and proven beneficial or otherwise.
The intent is to avoid being tapped by aggressive regulators like the state of California forcing Alphabet to provide for recycling and waste disposal of their detritus. This startup offloads the costs into a money-losing bucksink that will lobby to keep the costs off Alphabet. With luck, they will get some government slush money to pay them for the effort too.
Love the use of that loaded "linked to" phrase. Like, "Linked to Russia!" or "Linked to the Rothschild family!" Please, Slashdot, what's with the phony tone, these days? The slide towards full-on clickbaitism is accelerating.
Don't disappoint your bird dog. Go to the range.
This is another company to add to the old Mars toolbelt.
Billionaires/Millionaires invests in start-up that could improve their profit margins by a non-trivial amount. Who cares? Show me the article when the technology is working and proven beneficial or otherwise.
I can show you an example of where this sort of thing is actually being used today.
"We take scrap from rockets and turn that into premium carbon fiber skateboards"
http://www.121cboards.com/
Each skateboard removes five pounds of carbon fiber from landfill.
https://www.kickstarter.com/pr...
That's pretty dope. I'd ride the crap out of a skateboard made from rockets ðY
What's the story here exactly? They want to recycle and reuse more stuff which is a good thing for everybody. Why is this being presented like some sort of expose of dirty secrets?
If this were presented properly then the title would be something like, "Tesla executives investing in decreasing Tesla manufacturing costs" which is a big, "well duh!"
Anons need not reply. Questions end with a question mark.
Now that we can take up the stairs to heaven we lay, we only need to tweak this labor problem, where are the robots?
But would you pay that much for one? Those prices are re-donkulous.