Deep dive on Tesla’s Hertz problem with mobility investor Olaf Sakkers + $200B in climate losses
Climate's big price tag, what's really at play with Tesla and Hertz, plus why China is exporting millions of gas cars as its EV market booms
Hi everyone,
You’ve probably heard the news about Hertz offloading 20% of its largely Tesla-dominated EV fleet, but as expected, there’s a lot that the headlines don’t tell you.
This week, in addition to covering a couple of major headlines, I’ve invited my good friend and fellow investor Olaf Sakkers of RedBlue Capital, which focuses on mobility and has a super competence in EVs.
Olaf shares some fascinating insights, including:
How Tesla’s “Gigapress” innovation that enables low-cost manufacturing is actually making things harder for fleet and asset owners like Hertz
Why China is offloading millions of combustion vehicles even as it becomes the world’s largest EV market
And why he believes the future is still electric
In addition to the EV story, we also look at the $200B in climate losses that hit the globe in 2023 (can you guess where?), and why the mainstream media narrative continues to get it wrong about climate disasters.
In case you missed last week’s episode, where we talk about Italy and France’s cell based meat ban and how culture wars are often a cover for regulatory capture and money-making, among other topics, you can still check it out here.
This week, it was fun to invite a guest onto the podcast, and I’m excited to working to make Climate Money a more useful experience for anyone listening. Please share your thoughts and feedback, and thank you for your support!
See you next week 👋