Redwood Materials Hires Deepak Ahuja

May 11, 2026, 16:00
USFinance

Introduction

Redwood Materials has a new leader. Deepak Ahuja is now the Chief Financial Officer.

Main Body

Mr. Ahuja worked at Tesla for a long time. He knows the CEO of Redwood Materials, JB Straubel. Many leaders at this company worked at Tesla before. The company is worth more than 6 billion dollars. Big companies like Google and Microsoft gave them money. Mr. Ahuja says the company does not need to sell shares to the public yet. Redwood Materials now focuses on energy storage. They use old car batteries to save power. The company cut 135 jobs recently. They want to find important minerals like lithium in their own country.

Conclusion

Redwood Materials has a strong financial leader. The company is growing and changing its plans.

Learning

The 'Who' and 'Where' (Past vs. Present)

Look at how we talk about people and their jobs. In A2 English, we move from saying what someone is now to where they were before.

Current State (Present)

  • Deepak Ahuja is the CFO. →\rightarrow (He has the job now)
  • The company is worth 6 billion. →\rightarrow (This is the current value)

Previous State (Past)

  • Mr. Ahuja worked at Tesla. →\rightarrow (He is not there anymore)
  • Leaders worked at Tesla before. →\rightarrow (This happened in the past)

Simple Word Power

Instead of complex business words, use these basic building blocks found in the text:

  • Cut →\rightarrow To remove or make smaller (Example: The company cut jobs).
  • Worth →\rightarrow The price or value of something (Example: It is worth 6 billion).
  • Yet →\rightarrow Used for things that haven't happened, but might (Example: Not yet).

Vocabulary Learning

leader
a person who leads or guides a group
Example:She is the leader of the team.
company
a business that makes or sells goods or services
Example:My company sells computers.
money
a medium of exchange used to buy goods and services
Example:I need money to pay for food.
sell
to give something in exchange for money
Example:They will sell the old cars.
public
people who live in a community or country
Example:The public will listen to the speech.
energy
the power that makes things work
Example:Solar energy powers the house.
save
to keep something for later use or to reduce waste
Example:I will save my lunch for tomorrow.
jobs
work that people do to earn money
Example:He lost his jobs last year.
country
a place with its own government and people
Example:I love traveling to new countries.
grow
to become bigger or increase
Example:The plants grow fast in the sun.