After a streak of positive deliveries, Tesla (TSLA) has reported weak Q2 numbers, reporting delivery of 254,695 Tesla vehicles which is more than 50,000 less than the previous quarter. A big part of this is due to a shortage in parts for Tesla vehicles and pandemic issues which caused the Shanghai factory to close. The three ETFs with the most exposure to TSLA are, the Consumer Discretionary Select Sector SPDR Fund (XLY) 17.81%, the Vanguard Consumer Discretionary ETF (VCR) 13.90%, and the Fidelity MSCI Consumer Discretionary Index ETF (FDIS) 13.86%.
ETF Newz Says:
TSLA stock price may be affected by this but as restrictions are lowered they should rebound.