Palladium: mystery in a name
It's unclear why Tesla codenamed the project "Palladium." As one of the six platinum-group metals, the majority of which is mined worldwide and is used in catalytic converters in car exhausts.
It could mean the Model S and Model X will see use of palladium in new components — but it could also be a subliminal jab at combustion engines, which use palladium to clean up the emissions associated with global climate change.
In a way, Tesla plays the role of palladium for the entire auto industry. Additionally, the price of palladium has shot up sharply in the last several years — with some experts comparing it to the rise of Tesla's stock. Whatever it is, we'll have our ear to the ground with bated breath for details on the automaker's latest secret project.
palladium used as a code name for a project of theirs.
Macquarie valuations, page-11
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