Keith Neumeyer Jacks Up Silver Prices

 Keith Neumeyer just jacked up silver prices from $28/ounce to $30/ounce.

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.