Tesla's Earnings Beat Sparks ETF Rally: Key Funds to Watch
$Tesla (TSLA)$ reported quarterly earnings on Wednesday that beat Wall Street expectations.
The electric vehicle maker posted earnings per share of $0.62, well above analysts' forecast of $0.51. Revenue for the quarter came in at $25.18 billion, slightly below estimates, but up 8% year-over-year. Tesla's gross margin rose to 19.6%, a key figure closely watched by investors.
In the automotive segment, Tesla confirmed plans to start production of ultra-low-cost vehicles and new models in the first half of next year. The company also announced that its Cybertruck, which began deliveries in November, has reached positive gross margins for the first time. Despite economic challenges, Tesla expects full-year deliveries to slightly surpass last year's levels.
During the earnings call, CEO Elon Musk mentioned that next year's deliveries could grow by 20% to 30%, though he called this a "best guess." Musk also discussed Tesla’s Robotaxi prototype, Cybercab, which was recently unveiled and is set for mass production in 2026 with a target of 2 million units annually.
Tesla’s stock is widely held by more than 300 exchange-traded funds (ETFs), with six funds having over 10% exposure to TSLA. Here are the key ETFs:
ARK Autonomous Technology & Robotics ETF (ARKQ): 12.01% allocation to Tesla, 0.75% expense ratio, $790 million in assets. YTD return: 6%.
MicroSectors FANG+ ETN (FNGS): 12.17% allocation, 0.58% expense ratio, $390 million in assets. YTD return: 34%.
Consumer Discretionary Select Sector SPDR Fund (XLY): 12.45% allocation, 0.09% expense ratio, $19.8 billion in assets. YTD return: 9%.
Vanguard Consumer Discretionary ETF (VCR): 12.75% allocation, 0.10% expense ratio, $5.8 billion in assets. YTD return: 9%.
Nightview Fund NITE (NITE): 13.47% allocation, 1.25% expense ratio, $23 million in assets. YTD return: 0%.
Additionally, leveraged funds like T-Rex 2X Long Tesla Daily Target ETF (TSLT) and Direxion Daily TSLA Bull 2X Shares (TSLL) are highly sensitive to TSLA's performance.
$Tesla Motors(TSLA)$ $ARK Autonomous Technology & Robotics ETF(ARKQ)$ $MicroSectors FANG+ Index ETN(FNGS)$ $Consumer Discretionary Select Sector SPDR Fund(XLY)$ $Vanguard Consumer Discretionary ETF(VCR)$ $The Nightview Fund(NITE)$ $T-REX 2X LONG TESLA DAILY TARGET ETF(TSLT)$$Direxion Daily TSLA Bull 2X Shares(TSLL)$
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