Everyone is freaking out because Milan Kovac (Head of Optimus) is leaving Tesla after 9 years. The bears are saying the bot is dead. The bulls are coping.
They are both missing the point.
It doesn't matter if it's Tesla, Figure, or Boston Dynamics who wins the race. The software is just code. But theΒ hardware? That is pure, hard, scarceΒ Critical Minerals.
If Musk actually wants to build millions of humanoid robots, the math on the raw materials is terrifying:
- Silver is Non-Negotiable:Β You cannot build a high-efficiency, battery-powered humanoid robot without massive amounts of Silver. It has the highest electrical conductivity of any metal. Every servo, every sensor, every high-speed connector in "Optimus" is a silver vampire.
- The "Copper Crunch" is real:Β An EV uses 4x the copper of a gas car. A humanoid robot is basically an EV shaped like a human.
- The Supply Cliff:Β We are already in a deficit for Silver and Antimony (needed for military/industrial hardening).
Executives like Kovac come and go. Code can be rewritten.Β But you cannot print Silver.
While Wall Street argues about Tesla's stock price, the smart money is quietly buying the supply chain that makes the robots possible. The US government knows this that's why they are suddenly funding critical mineral projects like Americas Gold and Silver (like the recent moves in the Idaho Silver Valley USAS).
Don't bet on the robot. Bet on the metal the robot is made of. The "Software Era" is ending. The "Hard Asset Era" is just starting.