Want to join the Equity Mates team? We’re hiring for a couple of roles across Operations and Sales. Check out our open jobs on our website.

Here’s what you need to know today

• Tesla had a good quarterly result, reporting a record number of vehicle deliveries. The carmaker delivered 497,099 vehicles in the 3 months to the end of September, up 7.4% from a year earlier. (Reuters)
  
  

• It wasn’t all good news for Tesla. Shares fell 3% over concern that sales were brought forward as customers bought before President Trump ended a $7,500 electric vehicle tax credit on 30 September. (Al Jazeera)
  
  

• While the NRL’s Brisbane Broncos were still celebrating, shareholders in the Broncos were also having a great day. Shares in the publicly listed club (ASX: BBL) were up 40% in the morning following their grand final win. (AFR)
  
  

• An Australian startup, Heidi, has just surpassed Canva’s early growth rate. It raised US$65 million at a US$465 million valuation, up from US$100 million in May. The company uses AI to transcribe medical consultations and automate clinical documentation, and currently handles over 2 million consultations a week across 116 countries in 110 languages. (Capital Brief)
  
  

• Israeli and Hamas negotiators have agreed to meet in Egypt to continue talks about a ceasefire in Gaza and releasing the hostages. While negotiations continue, Israel continued striking Gaza, killing dozens of people over the weekend. (CNN)
  
  

• US President Trump has authorised the deployment of 300 National Guard troops to the US state of Illinois and its largest city Chicago. The White House justified the move on “ongoing violent riots and lawlessness”. This follows similar troop deployments to Washington DC and Oregon. (ABC News)
  
  

• America’s government shutdown continues. The White House has threatened it will begin mass layoffs of federal employees, with President Trump threatening to target “Democrat agencies”. The two sides remain deadlocked over healthcare spending. (Reuters)
  
  

• OPEC+, the cartel of oil-producing nations, announced it will increase output by 137,000 barrels a day. This is the second consecutive month of supply increases, and oil prices fell below $65 a barrel over concerns that supply may soon exceed demand. This move is seen as a way for Saudi Arabia and Russia to take back market share from higher-cost American producers. (Bloomberg)
  
  

• A self-described “Trumpist” won the parliamentary elections in the Czech Republic. Andrej Babis, a former Prime Minister and billionaire, won the election after his party picked up 35% of the vote. Babis has said he wants to reduce foreign aid, including assistance to Ukraine. (ABC News)

What the…?

An employee of the Royal Bank of Canada has been charged with a crime that we’re surprised doesn’t happen more often: accessing the bank accounts of the Prime Minister.

The employee was allegedly contacted online by someone who paid him $500 each time he accessed the bank records of Prime Minister Mark Carney as well as other high profile Canadians. (CBC)

Investing is a lifelong journey

Here’s what you can learn today

Climate change as an investing thematic

This is an excerpt from our Equity Mates Investing interview with Nick Griffin & James Tsinidis, managers of the Munro Climate Change Leaders Fund (Apple | Spotify | YouTube)

Why is climate one of the biggest technological changes and investment opportunities?

When you're investing, the biggest thing you can do is try and find some sort of structural tailwind that will ultimately lead you towards great companies. Those great companies will get you great earnings growth and earnings growth will equal share price growth. If you go back over time, the smartphone adoption effectively created Apple, e-commerce created Amazon, tap and go payments created Afterpay. Climate is just another one of these structural changes. From our point of view, it's reasonably obvious that we're going to attempt to decarbonise the planet. Most consumers care about it, most corporates care about it, and governments care about it. There's a range of estimates out there, but we think it's somewhere between 30 and 50 trillion dollars to electrify and decarbonise the planet across electricity, transport, packaging. That's steady revenue for the companies that enable decarbonisation.

What are the key areas you're looking at within climate investing?

First is renewable energy itself and all the companies helping to transition from fossil fuels to renewable power sources - everything from solar panels, wind turbines through to the companies building and delivering it to consumers. Second is energy efficiency - retrofitting old buildings and homes with new insulation, heating, cooling systems. Third is clean transportation - everything from Tesla to companies that power electric vehicles in semiconductors, batteries, commodities, but also other transport forms that are harder to decarbonise like shipping with hydrogen. Last is the circular economy - everything from waste collection companies through to plastic recycling, companies benefiting from shifts from plastics to aluminium or containerboard.

A message from Pocketsmith

Know your true financial position with PocketSmith

Your net worth isn’t just a number — it’s a snapshot of your financial health. PocketSmith helps you track your assets and liabilities in one place, so you can see exactly where you stand and make smarter money moves.

• Track your assets, debts, and overall net worth effortlessly

• Spot trends over time and plan for the future

• Make informed decisions about saving, investing, and paying off debt

Right now, get 50% off the first 2 months of a Foundation Plan and start understanding your money like never before.

Try PocketSmith today at pocketsmith.com/equitymates

Want more Equity Mates?