Gold Forecaster Index: Tesla To Double Silver Demand (06-Oct-2020)

 

How much silver is used in a Tesla?

Keith Neumeyer reported that a tesla uses at least 1 kg of silver.

The latest Tesla delivery numbers in Q3 2020 were a record 139300. That's almost 600000 per year.

If Tesla builds 1 million vehicles per year, that would translate into 1 million kg or 1000 tonnes of silver demand per year. Yearly silver demand is 20000 tonnes today. So Tesla would gobble up 5% of silver demand. The EV industry is growing rapidly, so this number could go up exponential. Tesla says it will 50 fold its production to 20 million vehicles per year by 2030.

In the following 2 videos, Keith says there is 1 kg of silver in a car.

However, the Silver Institute reports that there is only 50 g of silver per EV. So take this information with a grain of salt.

Marc Faber Expects Chaos

This Bloomberg video featuring Marc Faber is pretty known out there, but I still wanted to archive it. 

I especially like his views on the interest rates limits where the market will break. He talks about 3.5% on the 10 year treasury yield, 5% on the 30 year treasury yield and 6% on the 30 year mortgage yields as the breaking point.

Next on I find his comments about the make up of the female interviewer very amusing.

Also notable are his short plays on Facebook, Veeva Systems, Netflix, Tesla, Twitter.

As a final note, Marc doesn't like Bitcoin.