Happy Friday! Today's Smart Brevity count: 1,002 words, < 4 minutes.
And today marks 25 years since R.E.M. released the album "Monster," which takes us into the weekend...
Photo: Karol Serewis/SOPA Images/LightRocket via Getty Images
Tesla's stock jumped 6% yesterday after publication of an email from CEO Elon Musk to staff stating that the electric automaker could hit 100,000 deliveries this quarter.
Why it matters: That would be the highest for any 3-month period, surpassing Q2's 95,200 tally.
What they're saying: Per the site Electrek, which first reported on Musk's latest end-of-quarter effort to rally his troops, he said in the email...
"The challenge is making sure that we have the right car variants in the right locations and rallying as much as our company resources as possible to help with the end of the quarter deliveries."
But, but, but: Tesla's stock is still down significantly this year.
One spillover from the aerial attacks against Saudi facilities: It could help propel U.S. crude exports to fresh highs and maybe even lift them to the 4 million barrels per day mark, S&P Global Platts reports.
Why it matters: U.S. crude exports have gone well over 3 mbd at times over the last year, but hitting 4 mbd — while just a number (deep, I know) — would reinforce how the U.S. has become a major player in export markets.
What they're saying: Sandy Fielden, oil research director at Morningstar, tells Platts that the time needed to fully restore Saudi shipments means "the market call on the U.S. will increase because the U.S. is effectively the marginal supplier."
Illustration: Aïda Amer/Axios
Axios' Felix Salmon isn't especially impressed with the banking sectors' pledges on climate change. Via his latest Axios Edge newsletter...
It shouldn't be hard for a big bank to sign onto the Principles for Responsible Banking.
Between the lines: Much like the Business Roundtable's new Statement on the Purpose of a Corporation, it's a grand-sounding but ultimately toothless list of high-minded ideals surrounding things like "shared prosperity," "relevant stakeholders," and "effective governance."
The marginally more stringent Collective Commitment to Climate Action attracted a mere 30 signatories.
What they're saying: Not very much. Pressure group BankTrack has asked every signatory to provide specifics about what exactly they're committing to doing.
Illustration: Aïda Amer/Axios
As world leaders waffle on policies to head off the extraordinary climate change threat, the retail sector — America’s largest private employer — is taking new environmental steps on its own, Axios' Erica Pandey reports.
Why it matters: E-commerce and retail giants pump out emissions and pollution through mass manufacturing, incessant speedy shipping and uncurbed waste.
Threat level: Apparel and footwear industries contribute to 8% of global environmental impact, mostly due to manufacturing in Asian countries where factories rely on coal and natural gas, according to a 2018 report from sustainability research firm Quantis.
What's new: Amazon — the planet's biggest retailer on the planet that delivers more than 10 billion packages a year — announced plans last week to hit carbon neutrality by 2040.
Electric vehicles: Per WSJ, EV sales are slowing in China, the world's biggest auto market, as the government scales back support.
Natural gas: Via Reuters, "Japan and its private sector firms will invest $10 billion on liquefied natural gas (LNG) projects worldwide, the country’s industry minister said on Thursday, in a strategy to boost the global LNG market and reinforce the security of energy supply."
Aramco IPO: Bloomberg reports that Saudi plans for a listing on the country's domestic exchange this year (caveat: this is a moving target) has bankers cramming.
"I shudder to think about buying 25,000 electric vehicles you have not seen yet each year for four years."
Who said it: Jim Bruce, chief energy policy officer with UPS, per E&E News' reporting on a panel discussion in Washington, D.C., this week.
Context: Bruce is referring to Amazon's plan announced last week to buy 100,000 electric delivery vans from Rivian by 2030 and perhaps sooner.
Why it matters: It underscores the surprise at Amazon's decision to place a big order from an automaker that has not begun commercial production of any vehicles.
Go deeper: Amazon's big bet on EV startup Rivian (Axios Generate, Sept. 20)