Tesla ETFs in Focus Ahead of "Robotaxi" Event

Zacks10-09

After years of promoting its prowess in autonomous driving, Tesla Inc. TSLA is gearing up to unveil its long-awaited Robotaxi on Thursday at the “We, Robot” event at Warner Brothers Discovery studio ...

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TSLA is gearing up to unveil its long-awaited Robotaxi on Thursday at the “We, Robot” event at Warner Brothers Discovery studio ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-etfs-focus-ahead-robotaxi-140000639.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VCAR","symbol_name":"Simplify Volt RoboCar Disruption and Tech ETF","start_time":0,"source_url":"https://finance.yahoo.com/news/tesla-etfs-focus-ahead-robotaxi-140000639.html","article_id":"2474273512","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/0X4ByFEqb6hDpcUWCxZHog--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/4bd04fe89c13fe5ceda2a31f3ec2fb28"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474273512","pubTimestamp":1728482400,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"ARK Innovation ETF ARK Innovation ETF is an actively managed fund that invests in companies that benefit from the development of new products","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"VCAR":"Simplify Volt RoboCar Disruption and Tech ETF","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","TSLA":"特斯拉","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4548":"巴美列捷福持仓","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","ARKK":"ARK Innovation ETF","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","ARKQ":"ARK Autonomous Technology & Robotics ETF","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","XLY":"消费品指数ETF-SPDR可选消费品","BK4534":"瑞士信贷持仓","FDIS":"Fidelity MSCI Consumer Discretionary Index ETF","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0823414478.USD":"法巴经典能源转换基金","BK4555":"新能源车","SG9999015978.USD":"利安颠覆性创新基金A","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1548497426.USD":"安联环球人工智能AT Acc","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU1861558580.USD":"日兴方舟颠覆性创新基金B","FDN":"First Trust Dow Jones Internet I","BK4550":"红杉资本持仓","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4551":"寇图资本持仓","BK4544":"ARK ETF合集"},"translate_title":"特斯拉ETF在“Robotaxi”事件之前成为焦点","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARKQ":1,"XLY":1,"VCAR":1,"TSLL":1,"TSLA":1,"FDIS":1,"ARKK":1,"FDN":0.9},"content_text":"After years of promoting its prowess in autonomous driving, Tesla Inc. TSLA is gearing up to unveil its long-awaited Robotaxi on Thursday at the “We, Robot” event at Warner Brothers Discovery studio in Burbank, CA. The optimism over Robotaxi, which was delayed from the originally scheduled Aug. 8 launch, has boosted the Tesla stock more than 43% over the past four months. Ahead of the event, investors should take a closer look at ETFs having a substantial allocation to this luxury carmaker. These include ARK Innovation ETF ARKK, Consumer Discretionary Select Sector SPDR Fund XLY, Simplify Volt Robocar Disruption and Tech ETF VCAR, ARK Autonomous Technology & Robotics ETF ARKQ and Fidelity MSCI Consumer Discretionary Index ETF FDIS.Musk has referred to Robotaxi as a Cybercab. The Robotaxi is expected to be a compact two-door sedan design with seating for two and ample trunk space. The vehicle will likely be built without a steering wheel or pedals and will be guided by AI-trained cameras and the company's autonomous driving software. Musk has described Robotaxi as a small autonomous vehicle (AV) that individuals can own and rent, like an Uber.This next-generation vehicle could be key to the electric automaker’s survival, especially as competition heats up in the EV space. Tesla has been losing market share to rivals in China and the United States, resulting in a notable slowdown in growth (see: all the Alternative Energy ETFs here).Elon Musk has not offered much details about the Robotaxis, but analysts have varied expectations surrounding the event. Let’s discuss them:\nAnalysts View\nRBC Capital Markets analyst Tom Narayan raised the target price on Tesla by $12 to $236 per share, citing that the event would \"highlight a business that represents $153 billion of revenue for Tesla,\" a tally that comprises around 63% of his current valuation. Narayan said that the nascent Robotaxi market could generate $1.7 trillion in global revenues by 2040 when a host of players like app providers, fleet operators and carmakers is ultimately included.Jim Cramer described the upcoming event as “huge.” “The Robotaxi is significant because it will gain traction in many different cities. When this happens, people will realize it’s much cheaper than Uber. ARK Invest CEO Cathie Wood painted a bullish picture for Tesla’s future in the autonomous vehicle market. In an interview with Yahoo Finance, Wood predicted that this could translate into a staggering “trillion-dollar-plus revenue opportunity for Tesla in the next five years.”However, some other analysts believe Tesla won’t be able to live up to the hype around its Robotaxi plans. Each Robotaxi is expected to have a price target of around $150K to $200K, with some estimates suggesting Tesla would need about $35 billion to develop a global fleet of such cars.\nETFs in Focus\nARK Innovation ETF (ARKK) ARK Innovation ETF is an actively managed fund that invests in companies that benefit from the development of new products or services, technological improvements and advancements in scientific research related to the areas of DNA Technologies and Genomic Revolution, Automation, Robotics, Energy Storage, Artificial Intelligence, Next Generation Internet and Fintech Innovation. The fund holds 34 securities in its basket, with Tesla occupying the top spot at 14.8%. ARK Innovation ETF has gathered $5.6 billion in its asset base and charges 75 basis points (bps) in fees per year from investors. It trades in an average daily volume of 6.6 million shares (read: Tesla Returns to Delivery Growth but Shares Slip: ETFs in Focus). Consumer Discretionary Select Sector SPDR Fund (XLY)Consumer Discretionary Select Sector SPDR Fund offers exposure to the broad consumer discretionary space by tracking the Consumer Discretionary Select Sector Index. Holding 50 securities in its basket, Tesla takes the second spot with 13.9% of the assets. Consumer Discretionary Select Sector SPDR Fund is the largest and most popular product in this space, with AUM of $19.7 billion and an average daily volume of around 3 million shares. It charges 9 bps in annual fees and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.Simplify Volt Robocar Disruption and Tech ETF (VCAR)Simplify Volt Robocar Disruption and Tech ETF is an actively managed ETF seeking concentrated exposure to the leader of autonomous driving technology. It employs a call option overlay to seek boosts in performance during extreme moves up in Tesla while holding a tech index for diversification and put options as a hedge. Simplify Volt Robocar Disruption and Tech ETF charges investors 0.95% in annual fees. It has accumulated $5.5 million in its asset base while trading in an average daily volume of 2,000 shares. ARK Autonomous Technology & Robotics ETF (ARKQ)ARK Autonomous Technology & Robotics ETF is an actively managed ETF seeking long-term capital appreciation by investing in companies that benefit from the development of products or services and technological improvement and advancements in scientific research related to energy, automation and manufacturing, materials, and transportation. This approach results in a basket of 35 stocks, with Tesla occupying the top spot with a 13.6% share.ARK Autonomous Technology & Robotics ETF has accumulated $786.6 million in its asset base and charges 75 bps in fees per year. It trades in a volume of 86,000 shares a day on average.Fidelity MSCI Consumer Discretionary Index ETF (FDIS)Fidelity MSCI Consumer Discretionary Index ETF tracks the MSCI USA IMI Consumer Discretionary Index, holding 277 stocks in its basket. Of these, TSLA takes the second spot with a 12.7% share. Broadline Retail, Hotels, Restaurants & Leisure, Specialty Retail, and Automobiles make up the top four sector holdings (read: ETFs to Tap on Improving Consumer Sentiment).Fidelity MSCI Consumer Discretionary Index ETF has amassed $1.8 billion in its asset base while trading in a good volume of around 74,000 shares a day on average. Fidelity MSCI Consumer Discretionary Index ETF charges 8 bps in annual fees from investors and has a Zacks ETF Rank #3 with a Medium risk outlook.\nWant 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\nTesla, Inc. (TSLA) : Free Stock Analysis Report\nConsumer Discretionary Select Sector SPDR ETF (XLY): ETF Research Reports\nARK Autonomous Technology & Robotics ETF (ARKQ): ETF Research Reports\nFidelity MSCI Consumer Discretionary Index ETF (FDIS): ETF Research Reports\nARK Innovation ETF (ARKK): ETF Research Reports\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"productRelease","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474273512"}