Impact on the Environment
Tesla is leading the world's transition to sustainable transport and sustainable sources of energy.
The environmental impact of zero-emission transport and energy products, like the products that Tesla produces and sells, is undeniably more positive than the greenhouse gas-emitting alternatives.
Average Lifecycle Emissions in the U.S.
Moreover, none of Tesla's scrapped lithium-ion batteries go to landfills, 100% are recycled.Electric vehicles are not only important due to reduction of CO2 in the atmosphere, but also due to reduction of poisonous gases around us. Pollutants cause about 4.2 million deaths every year globally. According to researchers, such pollutants cause more premature deaths than smoking or infectious disease. Electric Vehicles not only reduce the total carbon footprint, but also help to reduce city pollution.
Safety
In 2019, a Tesla vehicle with Autopilot engaged in the U.S. experienced just 0.3 accidents per million miles driven while the U.S. average was ~7x higher at 2.0 accidents per million miles driven. Even in cases where only active safety features were engaged, Tesla vehicles had a ~4.5x lower collision rate than the U.S. average in 2019.
Number of Accidents per million miles
Fire Safety
From 2012 to 2019, there has been approximately one Tesla vehicle fire for every 175 million miles traveled. By comparison, data from the National Fire Protection Association (NFPA) and U.S. Department of Transportation show that in the U.S. there is one ICE vehicle fire for every 19 million miles traveled.
Number of Vehicle Fires
Tesla also manufactures a unique set of energy products that enable homeowners, businesses and utilities to produce and manage renewable energy generation, storage and consumption.
On the other hand, the company doesn’t perform well, when compared to its peers, regarding water conservation and workplace health and safety (censible.com). Additionally, according to Grin.com, Tesla’s employees face significant safety risks during production; however, the company started taking various actions in order to prevent injuries in its factories.
On the aggregate, from the aforementioned, Halal Investors finds Tesla to have a substantial positive impact on society and the environment.
FAQs
Tesla (TSLA): Tesla is the world's 7th and the 3rd shariah compliant most valuable company with $528.59 Billion by market cap . Exxon Mobil (XOM): This is the world's 9th and shariah compliant 4th most valuable company with a market cap of $470.22 Billion .
Is buying Tesla stocks halal? ›
Conclusion: Given the above information, we at Islamicly believe that Tesla, Inc. is a Shariah-compliant company as per the Shariah screening criteria.
Which stocks are halal to invest in? ›
List of Halal Stocks in India by Market Capitalization
| Company Name | Ticker | Shariah-Compliance Status |
|---|
| Hindustan Unilever Ltd | HINDUNILVR.NS | Halal |
| Sun Pharmaceutical Industries Ltd | SUNPHARMA.NS | Halal |
| Maruti Suzuki India Ltd | MARUTI.NS | Halal |
| UltraTech Cement Ltd | ULTRACEMCO.NS | Halal |
11 more rows3M Company (NYSE:MMM), one of the best halal stocks on our list, currently pays a quarterly dividend of $1.50 per share. The company holds a 65-year streak of consistent dividend growth. As of November 25, the stock has a dividend yield of 6.25%.
Is Apple a halal stock? ›
Yes, Apple shares can be considered Halal.In conformity to Sharia law, ownership shares is considered Halal in the event that the company does not engage in any activities such as gambling, lending or producing alcohol pork, tobacco p*rnography, alcohol, or tobacco.
Are Muslims allowed to invest in stocks? ›
Investing is permitted under Islam, but certain aspects of investment practice – such as charging or paying interest – are not. This has traditionally meant a lack of opportunities for Muslim savers and investors in the past.
Is Amazon stock halal? ›
We believe that Amazon stock is a Halal investment choice that is appropriate to Muslim investors. Although the company has faced some criticism for its actions in product and business services They have implemented steps to address these issues and have proven track records regarding its financial performance.
How to check if a stock is halal? ›
3 things to check if a Stock is Halal
- Business activity screen: How the company makes money.
- Financial activity screen: How much interest a company has to pay or is making from its debts and investments, as well as how much cash it is currently holding.
So, based on the data mentioned above, we can say that Coca-Cola stock is an excellent option for Muslim investors because it passes all the criteria to be found halal and not haram. However, some other platforms run extra screening analysis to check the stock's compliance status.
Is Nike halal to invest in? ›
None of the business's revenue comes from Haram. Interest is used but is not relied on to run the company. The company has a net positive impact on the environment, society and governance.
Compliance Status
Based on the available information and the above figures according to the AAOIFI Shariah mandate Ford Motor Company is to be considered Non-Shariah-compliant.
Is Louis Vuitton stock halal? ›
Since the threshold for non-permissible income in a Shariah compliant company is 5%, LVMH MOET HENNESSY LOUIS VUITTON SE breaches the Shariah compliance criteria and is classified as Shariah non-compliant.
Is Nvidia halal stock? ›
Given the above information, we at Islamicly believe that Nvidia Corp. is a Shariah-compliant company as per the Shariah screening criteria.
Is tsla stock halal? ›
Yes, it's far halal to buy Tesla stock as long as the enterprise's operations aren't involved in any haram activities. Tesla is a era corporation that more often than not manufactures electric powered cars, sun panels, and energy garage structures.
Is Google halal stock? ›
Google's shariah compliance is questionable, as per Zoya right now. The following three revenue sectors make up 91.66% of their revenue. Based on whether these sections are shariah compliant or not will basically define whether the company is shariah compliant or not. The revenue segments are.
Is PayPal a halal stock? ›
Shariah Compliance of Paypal Holdings Inc
Since the revenue from such non-permissible activity exceeds 5% of total revenue, Paypal Holdings Inc is not Shariah compliant.
Is BMW stock halal? ›
Tag: BMW INDUSTRIES LTD
Last Updated on November 13, 2023 Shariah Compliant : Company Name : BMW INDUSTRIES LTD Sector – Industry : Steel – Medium / Small As per our analysis and Based on the information we have, BMW INDUSTRIES LTD appears to be an ethical, halal and shariah compliant stock. Allah knows best.
Which stock trading platform is halal? ›
Zoya offers several key benefits for Muslim investors looking to build shariah-compliant portfolios: Easily screen stocks, ETFs, and mutual funds for shariah compliance. Zoya provides detailed shariah compliance reports on thousands of securities to remove the guesswork.
