Shares of Tesla Motors (TSLA) are down around 5% today after the company reported fourth quarter 2016 earnings that concerned Wall Street, given the firm’s rate of cash burn and the possibility for a fresh round of capital raising. There are 79 ETFs will exposure to TSLA, including three with double-digit weightings. Below are the top 10 along with our ALTAR Score™ rating for each fund.
Table 1: Top 10 ETFs Exposed to Tesla Motors (TSLA)
|ETF Ticker||Fund name||Weighting||ALTAR Score™|
|GEX||VanEck Vectors Global Alternative Energy||12.8%||4.2%|
|ARKQ||ARK Industrial Innovation||11.7%||1.2%|
|QCLN||First Trust NASDAQ Clean Edge Green Energy||10.4%||2.9%|
|LIT||Global X Lithium ETF||5.7%||4.4%|
|MPCT||iShares MSCI Global Impact||5.5%||5.9%|
|CARZ||First Trust NASDAQ Global Auto||5.3%||12.1%|
|ARKW||ARK Web x.O||4.6%||-3.6%|
|PBW||PowerShares WilderHill Clean Energy||4.0%||1.5%|
|MTK||SPDR Morgan Stanley Technology||3.5%||4.7%|
Source: ETF Research Center
For a complete list of ETFs holding Tesla Motors or any other stock, use our Hedge Finder tool.