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Tesla Inc. (NASDAQ: TSLA) co-founder JB Straubel believes that electric vehicle production is not moving fast enough to keep pace with the demand. What Happened: Citing the faster adoption of electric vehicles in Europe and other parts of the world, Straubel — the founder and CEO of battery-recycling startup Redwood Materials — told CNBC in an interview that industry sales estimates predicting EVs will account for 12.7% of all U.S. auto sales by 2025 may be too low.
...read full article on Benzinga
