Comment on A Tesla founder started an EV battery recycling company that's on pace to make $200 million a year

JB Straubel founded Redwood Materials in 2017.Redwood MaterialsJB Straubel's Redwood Materials has been in the recycled battery business for seven years.He told The Wall Street Journal the company is on track to make $200 million in revenue this year.The company aims to produce enough battery materials for 1 million electric vehicles annually.Tesla cofounder JB Straubel said his electric vehicle battery-recycling startup, Redwood Materials, will make hundreds of millions in revenue this year.Straubel disclosed Redwood Materials' estimated revenue during an interview with The Wall Street Journal, saying his company will rake in about $200 million.Straubel launched Redwood Materials in 2017 to create a "remanufacturing economy," which refers to extracting raw materials from used batteries and returning them to production after processing them.