From Nasdaq: 2025-04-03 11:10:00

Tesla Inc. (TSLA) saw a rollercoaster day in trading, initially dropping 6.4% after reporting its worst sales quarter in three years. Shares rebounded by 5.3% on news of CEO Elon Musk potentially stepping back from government work. Q1 deliveries totaled 336,681 vehicles, missing estimates and jeopardizing the company’s full-year forecast.

Elon Musk may be exiting his government post, allowing him to refocus on Tesla. ETFs like Simplify Volt TSLA Revolution ETF (TESL), The Nightview Fund (NITE), Consumer Discretionary Select Sector SPDR Fund (XLY), Vanguard Consumer Discretionary ETF (VCR), and Fidelity MSCI Consumer Discretionary Index ETF (FDIS) are in focus due to their exposure to Tesla’s performance.

ETFs like TESL, NITE, XLY, VCR, and FDIS are closely monitoring Tesla’s performance. TESL utilizes an active management strategy with an expense ratio of 1.20%, while NITE aims to outperform the S&P 500 Total Return Index. XLY, VCR, and FDIS provide exposure to the consumer discretionary sector with significant holdings in Tesla.



Read more at Nasdaq: Tesla Sees Worst Vehicle Sales in 3 Years: ETFs in Focus