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After the closing bell on Wednesday, Tesla Motors (TSLA - Free Report) reported robust Q1 earnings, beating the estimates for both earnings and revenues. The electric carmaker posted record quarterly revenues and a big jump in profit margins.
Following stronger-than-expected results, shares of Tesla jumped as much as 6% in aftermarket hours. Investors should tap the strength through ETFs — Simplify Volt Robocar Disruption and Tech ETF (VCAR - Free Report) , Consumer Discretionary Select Sector SPDR Fund (XLY - Free Report) , Fidelity MSCI Consumer Discretionary Index ETF (FDIS - Free Report) , Vanguard Consumer Discretionary ETF (VCR - Free Report) and MicroSectors FANG+ ETN (FNGS - Free Report) — with a substantial allocation to this luxury carmaker.
Q1 Earnings in Focus
Adjusted earnings per share came in at $3.22, easily beating the Zacks Consensus Estimate of $2.15 and improving from the year-ago earnings of 93 cents. Revenues jumped 80.5% year over year to $18.7 billion and edged past the Zacks Consensus Estimate of $17.3 billion. Revenue growth was attributable to an increase in the number of cars Tesla delivered, and an increase in average sales prices.
Tesla delivered a record 310,048 (295,324 Model 3 and Y, and 14,724 Model S and X) vehicles. This represents a slight increase from Q4, and was up 68% from a year-ago quarter. The electric carmaker produced 305,407 (291,189 Model 3 and Y, and 14,218 Model S and X) vehicles during the quarter (read: 5 ETFs to Ride on Tesla's Record Q1 Deliveries).
ETFs to Buy
Simplify Volt Robocar Disruption and Tech ETF (VCAR - Free Report)
Simplify Volt Robocar Disruption and Tech ETF is an actively managed ETF, seeking concentrated exposure to the leader of autonomous driving technology. It employs a call option overlay to boost performance during extreme moves up in Tesla, while holding a tech index for diversification and put options as a hedge.
Simplify Volt Robocar Disruption and Tech ETF charges investors 0.95% in annual fees. It has accumulated $8 million in its asset base while trading in an average daily volume of 11,000 shares.
Consumer Discretionary Select Sector SPDR Fund (XLY - Free Report)
Consumer Discretionary Select Sector SPDR Fund offers exposure to the broad consumer discretionary space by tracking the Consumer Discretionary Select Sector Index (read: US Consumer Sentiment Improves in April: Will ETFs Gain?).
Consumer Discretionary Select Sector SPDR Fund is the largest and most popular product in this space, with AUM of $19 billion and an average daily volume of around 12 million shares. Holding 60 securities in its basket, Tesla takes the second spot with 21% of assets. Consumer Discretionary Select Sector SPDR Fund charges 10 bps in annual fees and has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook.
Fidelity MSCI Consumer Discretionary Index ETF (FDIS - Free Report)
Fidelity MSCI Consumer Discretionary Index ETF tracks the MSCI USA IMI Consumer Discretionary Index, holding 329 stocks in its basket. Of these, TSLA takes the second spot with a 16% share. Internet & direct marketing retail makes up for the top sector with a 26% share, followed by automobiles (18.6%), specialty retail (17.7%), and hotels, restaurants & leisure (17.1%).
Fidelity MSCI Consumer Discretionary Index ETF has amassed $1.4 billion in its asset base while trading in a good volume of around 134,000 shares a day on average. Fidelity MSCI Consumer Discretionary Index ETF charges 8 bps in annual fees from investors and has a Zacks ETF Rank #2 with a Medium risk outlook.
Vanguard Consumer Discretionary ETF currently follows the MSCI US Investable Market Consumer Discretionary 25/50 Index and holds 305 stocks in its basket. Of these, Tesla occupies the second position with a 16.7% allocation. Internet & direct marketing retail takes the largest share at 25%, while automobile manufacturers, restaurants and home improvement retail round off the next two spots (read: 6 Solid Sector ETFs to Buy Now).
Vanguard Consumer Discretionary ETF charges investors 10 bps in annual fees, while volume is moderate at nearly 118,000 shares a day. The product has managed about $6.1 billion in its asset base and carries a Zacks ETF Rank #2 with a Medium risk outlook.
MicroSectors FANG+ ETN is linked to the performance of the NYSE FANG+ Index, which is an equal-dollar-weighted index designed to provide exposure to a group of highly traded growth stocks of next-generation technology and tech-enabled companies. It holds 10 equal-weighted stocks in its basket, with Tesla accounting for a 10% share.
MicroSectors FANG+ ETN has accumulated $62.9 million in its asset base and charges 58 bps in annual fees. It trades in an average daily volume of 26,000 shares and has a Zacks ETF Rank #3 (Hold).
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Another Banner Quarter for Tesla: ETFs to Buy
After the closing bell on Wednesday, Tesla Motors (TSLA - Free Report) reported robust Q1 earnings, beating the estimates for both earnings and revenues. The electric carmaker posted record quarterly revenues and a big jump in profit margins.
Following stronger-than-expected results, shares of Tesla jumped as much as 6% in aftermarket hours. Investors should tap the strength through ETFs — Simplify Volt Robocar Disruption and Tech ETF (VCAR - Free Report) , Consumer Discretionary Select Sector SPDR Fund (XLY - Free Report) , Fidelity MSCI Consumer Discretionary Index ETF (FDIS - Free Report) , Vanguard Consumer Discretionary ETF (VCR - Free Report) and MicroSectors FANG+ ETN (FNGS - Free Report) — with a substantial allocation to this luxury carmaker.
Q1 Earnings in Focus
Adjusted earnings per share came in at $3.22, easily beating the Zacks Consensus Estimate of $2.15 and improving from the year-ago earnings of 93 cents. Revenues jumped 80.5% year over year to $18.7 billion and edged past the Zacks Consensus Estimate of $17.3 billion. Revenue growth was attributable to an increase in the number of cars Tesla delivered, and an increase in average sales prices.
Tesla delivered a record 310,048 (295,324 Model 3 and Y, and 14,724 Model S and X) vehicles. This represents a slight increase from Q4, and was up 68% from a year-ago quarter. The electric carmaker produced 305,407 (291,189 Model 3 and Y, and 14,218 Model S and X) vehicles during the quarter (read: 5 ETFs to Ride on Tesla's Record Q1 Deliveries).
ETFs to Buy
Simplify Volt Robocar Disruption and Tech ETF (VCAR - Free Report)
Simplify Volt Robocar Disruption and Tech ETF is an actively managed ETF, seeking concentrated exposure to the leader of autonomous driving technology. It employs a call option overlay to boost performance during extreme moves up in Tesla, while holding a tech index for diversification and put options as a hedge.
Simplify Volt Robocar Disruption and Tech ETF charges investors 0.95% in annual fees. It has accumulated $8 million in its asset base while trading in an average daily volume of 11,000 shares.
Consumer Discretionary Select Sector SPDR Fund (XLY - Free Report)
Consumer Discretionary Select Sector SPDR Fund offers exposure to the broad consumer discretionary space by tracking the Consumer Discretionary Select Sector Index (read: US Consumer Sentiment Improves in April: Will ETFs Gain?).
Consumer Discretionary Select Sector SPDR Fund is the largest and most popular product in this space, with AUM of $19 billion and an average daily volume of around 12 million shares. Holding 60 securities in its basket, Tesla takes the second spot with 21% of assets. Consumer Discretionary Select Sector SPDR Fund charges 10 bps in annual fees and has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook.
Fidelity MSCI Consumer Discretionary Index ETF (FDIS - Free Report)
Fidelity MSCI Consumer Discretionary Index ETF tracks the MSCI USA IMI Consumer Discretionary Index, holding 329 stocks in its basket. Of these, TSLA takes the second spot with a 16% share. Internet & direct marketing retail makes up for the top sector with a 26% share, followed by automobiles (18.6%), specialty retail (17.7%), and hotels, restaurants & leisure (17.1%).
Fidelity MSCI Consumer Discretionary Index ETF has amassed $1.4 billion in its asset base while trading in a good volume of around 134,000 shares a day on average. Fidelity MSCI Consumer Discretionary Index ETF charges 8 bps in annual fees from investors and has a Zacks ETF Rank #2 with a Medium risk outlook.
Vanguard Consumer Discretionary ETF (VCR - Free Report)
Vanguard Consumer Discretionary ETF currently follows the MSCI US Investable Market Consumer Discretionary 25/50 Index and holds 305 stocks in its basket. Of these, Tesla occupies the second position with a 16.7% allocation. Internet & direct marketing retail takes the largest share at 25%, while automobile manufacturers, restaurants and home improvement retail round off the next two spots (read: 6 Solid Sector ETFs to Buy Now).
Vanguard Consumer Discretionary ETF charges investors 10 bps in annual fees, while volume is moderate at nearly 118,000 shares a day. The product has managed about $6.1 billion in its asset base and carries a Zacks ETF Rank #2 with a Medium risk outlook.
MicroSectors FANG+ ETN (FNGS - Free Report)
MicroSectors FANG+ ETN is linked to the performance of the NYSE FANG+ Index, which is an equal-dollar-weighted index designed to provide exposure to a group of highly traded growth stocks of next-generation technology and tech-enabled companies. It holds 10 equal-weighted stocks in its basket, with Tesla accounting for a 10% share.
MicroSectors FANG+ ETN has accumulated $62.9 million in its asset base and charges 58 bps in annual fees. It trades in an average daily volume of 26,000 shares and has a Zacks ETF Rank #3 (Hold).