⚡ Federal loan-office money onshores the EV battery supply chain

Chamath energy w=0.55 · n=22 · E134 (2023-06-24) · explicit_prediction · strength 3 ▶ 1:17:46 SUPPORT

“It's us using our balance sheet to make sure that we get to energy independence. So this is actually a perfect role for government. It's shaping incentives so that capitalism can do its job. What this does for Ford is Ford has a partnership with SK. And so SK has a lot of capability in Korea, but they can bring that know-how now domestically onshore to the United States. You'll be hiring thousands of people, you'll be building battery factories. Ford needs batteries. Their forecast is they'll be selling two and a half million electric vehicles by 2026, 2027 So whatever Ford does, you can expect GM will also do.”

Brad Gerstner (regular guest ×1.0) energy: 2 resolved, unproven · E134 (2023-06-24) · explicit_prediction · strength 3 ▶ 1:23:54 SUPPORT

“Listen, while generally against industrial policy, I come down on Chamath's side. I think this is a once in a generation opportunity to reduce our national security risk profile and to achieve what is really a national security imperative, which is energy independence. It's not going to happen just according to the invisible hand of the market.”

Sacks energy w=0.94 · n=16 · E134 (2023-06-24) · explicit_prediction · strength 3 ▶ 1:23:09 OPPOSE

“So Elon was basically a fluke. I mean, you get like a once in a generation entrepreneur who happened to be working on this EV problem, and he got that loan. If you're to take Elon out of that government portfolio, it all looks like Solyndra. So the question is, like, what is this portfolio going to look like? Is there really going to be another Elon in there? Because if not, there's going to be a lot of Solyndras.”

Jason energy w=1.00 · n=17 · E134 (2023-06-24) · sentiment · strength 1 ▶ 1:18:52 SUPPORT

“Jobs, energy independence and less dependency on autocratic nations.”

Sacks energy w=0.94 · n=16 · E137 (2023-07-14) · explicit_prediction · strength 3 ▶ 53:16 OPPOSE

“I mean, the administration just gave all these subsidies and credits to big companies like Ford and GE to make EVs, but no one wants those cars.”

Chamath energy w=0.55 · n=22 · E137 (2023-07-14) · sentiment · strength 2 ▶ 51:26 SUPPORT

“This specific thing is more because of the bureaucracy of the government not allowing these credits to basically work across all different kinds of cars.”