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5 ETFs Riding on Tesla's Incredible Surge

Neena Mishra
·2 min read

Tesla (TSLA) shares have surged more than 200% in the past four months and more than 75% this year. Its market cap now exceeds the combined market value of big three automakers—General Motors (GM), Ford (F) and Fiat Chrysler (FCAU)--though the company sells far fewer cars.

The electric-vehicle maker reported better-than-expected results in the past two quarters and record deliveries in the fourth quarter. The stock was up again yesterday on reports that its Shanghai factory could reopen soon. The carmaker had started shipping Model 3 sedans from the plant which was completed in record time.

120 ETFs hold Tesla in their portfolios but it is not included in the S&P 500 index yet since the company hasn’t met the profit requirement for inclusion. The Invesco QQQ ETF which tracks the Nasdaq-100 index holds Tesla with a portfolio weight of about 1.5%.

To learn more about the First Trust NASDAQ Global Auto Index Fund (CARZ), VanEck Vectors Low Carbon Energy ETF (SMOG), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), ARK Autonomous Technology & Robotics ETF (ARKQ) and Global X Lithium & Battery Tech ETF (LIT), that have largest allocations to Tesla,  please watch the short video above.

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Ford Motor Company (F) : Free Stock Analysis Report
 
General Motors Company (GM) : Free Stock Analysis Report
 
Tesla, Inc. (TSLA) : Free Stock Analysis Report
 
Fiat Chrysler Automobiles N.V. (FCAU) : Free Stock Analysis Report
 
First Trust NASDAQ Global Auto ETF (CARZ): ETF Research Reports
 
ARK Autonomous Technology & Robotics ETF (ARKQ): ETF Research Reports
 
First Trust NASDAQ Clean Edge Green Energy ETF (QCLN): ETF Research Reports
 
Global X Lithium & Battery Tech ETF (LIT): ETF Research Reports
 
VanEck Vectors Low Carbon Energy ETF (SMOG): ETF Research Reports
 
To read this article on Zacks.com click here.
 
Zacks Investment Research
 
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report