1,000,000,000 Ounces of SILVER Thanks to Elon Musk & Tesla

If Tesla's growth projections go as planned, within as soon as 12 to 13 years Elon Musk could be gobbling up the entire world's mind production of silver. Precious metals investors can see great optimism in the recent report by Elon Musk and Tesla which predicts a 50% compound annual growth rate in the production of electric cars, at this rate Tesla would be purchasing all the world's it's over mine output per year by 2034, because Silver Mine output is decreasing and demand for silver from industry is increasing.

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Reddit Wallstreetsilver

[maryk.radcliff]

silver is still being manipulated at the end of the day!

[chadwolfeschledgelsteinhau]

Not saying your wrong but no his production will be going down much cheaper cars coming online..

[patrickshanahan]

It takes roughly a kilo of silver per Tesla. Learned that today.

[erics]

Not to be a Debbie Downer but the modern ICM cars use about one oz of silver also

[paulciccarello]

Thanks Ron, if it gets to the point where silver is too expensive to put into cars, they may look for a substitute material, who knows?

[The_Kman]

The high price of diesel and natural gas will make mining silver too expensive unless the price of silver goes up substantially.

[hughess]

Settle down Ron. I cannot see 1 in every 7 people on earth driving a Tesla, can you? Seriously?

[kristie-leecorney]

hello currently it's a kilo silver in each car
and has now has his own mining

[austinbates]

One billion cars a year...come on say that out lound and you'll hear it's ridiculous. We only have a 3rd of a billion ppl in America.

[secondrule]

Ummm...sorry but only about 100 million cars are built per year. A billion cars a year? What? People around the world buy a new car every 6 months? lol. Musk is a hyperbole-r