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Why Your Auto ETF Is Missing Out On Tesla’s (TSLA) Rally

By: ETFdb
After 10 years of business, Tesla is finally starting to gain traction in the U.S. market and will be posting profits for the first time since going public. There have been strong words on both sides about Tesla’s second production vehicle, but after the Model S won Motor Trend Car of the Year earlier this spring Tesla stock has experienced a meteoric rise in price. Elon Musk’s car company has pushed back against allegations that their Model S is just another electric pipe dream to prove that you don’t need gas to make a car people want to drive, and yet many auto-focused ETFs are missing out on these strong returns [see also How To Take Profits And Cut Losses When Trading ETFs]. Even as Tesla continues to rake in the cash, it remains absent from the portfolios of auto ETFs and broader consumer discretionary funds. One of the most popular and focused funds, the First Trust NASDAQ [...] Click here to read the original article on ETFdb.com. Related Posts: Earth Day Special: Definitive Guide To Clean Energy ETFs 5 Best (And 5 Worst) ETF Performers Over The Last 5 Years 5 Worst ETF Strategies Of The Last 5 Years Three Possible ETF Winners From A Shift In Hybrid Tax Credits Solar ETFs Off To A Not-So-Bright Start
After 10 years of business, Tesla is finally starting to gain traction in the U.S. market and will be posting profits for the first time since going public. There have been strong words on both sides about Tesla’s second production vehicle, but after the Model S won Motor Trend Car of the Year earlier this spring Tesla stock has experienced a meteoric rise in price. Elon Musk’s car company has pushed back against allegations that their Model S is just another electric pipe dream to prove that you don’t need gas to make a car people want to drive, and yet many auto-focused ETFs are missing out on these strong returns [see also How To Take Profits And Cut Losses When Trading ETFs]. Even as Tesla continues to rake in the cash, it remains absent from the portfolios of auto ETFs and broader consumer discretionary funds. One of the most popular and focused funds, the First Trust NASDAQ [...]

Click here to read the original article on ETFdb.com.

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