Tracking Tesla's Performance : A Global Perspective on Sustainability and Green Finance

In the fast-evolving landscape of the electric vehicle (EV) market, Q3 revealed that stock prices for major players like Tesla remained stable, with little to no significant fluctuations compared to Q1. Tesla maintained a consistent stock price range between $250-$260 USD per share throughout the quarter, backed by substantial transaction volumes.

However, if we look at Q3 delivery figures. Tesla, a benchmark in the EV industry, reported a total of 435,059 units delivered, marking a 7% decline from the previous quarter's 466,140 units. This dip can be attributed to planned plant shutdowns aimed at upgrading manufacturing facilities.

Q3, 2022 vs 2023 Deliveries

In a broader context, comparing this year's Q3 with the previous year, we noticed a 26% increase in total deliveries, from the 343,830 units seen in Q3 2022.

Interestingly, the Environmental, Social, and Governance (ESG) Risk Rating remains at 25.2 medium according to Sustainalytics, as reported in our Q2 Market Update. To understand the significance of this rating, it's worth revisiting our previous Webinar.

One might wonder about the importance of tracking EV deliveries, besides the direct impact on a company's financials. The significance becomes evident when we consider the global push to reduce greenhouse emissions. Governments worldwide are implementing incentives to promote EV production and delivery. Recently, Zambia's 2024 Budget Speech made headlines by reducing excise duty on hybrid vehicles to 25% and removing customs duty on electric-powered vehicles.

Zambia's $8.2 billion USD Budget, emphasizes sustainability and green financing

With about 70.3 Million USD which has been allocated towards environmental protection.

In the financial sector, Zambia is striving to strengthen its legal and regulatory framework to support green finance and encourage environmentally friendly practices. This reflects a global trend seen in India, where major banks are assessing the carbon impact of their loan portfolios in response to the growing ESG shift. This move illustrates how lending institutions can begin to adopt sustainability by evaluating the carbon footprint of their loans, thereby promoting financial activities and investments in sectors such as renewable energy.

It's also worth mentioning that in last quarter's update, we discussed Zambia's investments towards renewable off-grid energy projects for rural communities, led by Beyond the Grid Fund for Zambia (BGFZ) and the Rural Electrification Authority (REA). If you missed that update, we strongly recommend taking a look for a more comprehensive understanding of the development.

In summary, tracking EV deliveries is about much more than numbers; it's about global sustainability efforts and the changing landscape of green finance. As the world embraces the electric revolution, both governments and financial institutions are aligning with these trends, shaping a greener, more sustainable future.