Re Tesla…I reckon it is the Model 3 that will sink him, he has to sell that in serious Vol and as of now, no-one wants Electric cars in Vol.
Read a report on Palladium as to why it has a decent backwardation….reason is the move against Diesel cars…Cities are banning them all over Europe….don’t ask why……Petrol ones use more Palladium in their Cats…hence the demand….the analyst was asked what about electric cars taking demand from both….Answer ……Electric cars are NOT a factor in demand analysis of car industry.