After the closing bell on Wednesday, Tesla Motors (TSLA Quick QuoteTSLA - Free Report) reported robust Q4 earnings, wherein it beat the estimates for both earnings and revenues. The electric carmaker posted record quarterly revenues and offered an upbeat outlook for 2022.

Despite stronger-than-expected results, shares of Tesla plunged as much as over 6% in aftermarket hours before recovering at the close. The sharp decline came as Tesla said it saw the continuation of global supply chain bottlenecks and disruptions to transportation and labor.

This has put focus on ETFs — Simplify Volt Robocar Disruption and Tech ETF (VCAR Quick QuoteVCAR - Free Report) , Consumer Discretionary Select Sector SPDR Fund (XLY Quick QuoteXLY - Free Report) , Vanguard Consumer Discretionary ETF (VCR Quick QuoteVCR - Free Report) , Fidelity MSCI Consumer Discretionary Index ETF (FDIS Quick QuoteFDIS - Free Report) and MicroSectors FANG+ ETN (FNGS Quick QuoteFNGS - Free Report) — with a substantial allocation to this luxury carmaker (read: Lithium Hits Record: Bet on These ETFs).

Q4 Earnings in Focus

Adjusted earnings per share came in at $2.54, easily beating the Zacks Consensus Estimate of $2.11 and improving from the year-ago earnings of 80 cents. Revenues jumped 65% year over year to $17.7 billion and edged past the Zacks Consensus Estimate of $16.1 billion.

Although Tesla struggled with supply chain challenges through the year, it continued to grow volumes by nearly 90%. Earlier this month, Tesla reported another quarter of record deliveries, underscoring its strong growth and defying the global automotive semiconductor shortage that is hampering car production across the globe.

Tesla delivered a record 308,600 (296,850 Model 3 and Y, and 11,750 Model S and X) vehicles in Q4. Deliveries surged 70% from the year-ago levels and 30% from Q3. In fact, Q4 is the sixth consecutive quarter that the world's most valuable automaker posted record deliveries. With this, annual deliveries surged 87% year over year to 936,172 vehicles, marking the fastest pace of growth in many years (read: ETFs to Drive Tesla's Near $1 Million Vehicle Deliveries).

The electric carmaker produced 305.840 (292,731 Model 3 and Y, and 13,109 Model S and X) vehicles during the quarter.

Tesla expects vehicle deliveries to comfortably grow more than 50% year over year in 2022 despite persistent supply chain issues that it expects to be alleviate only next year. This means that the company expects to deliver more than 1.4 million vehicles this year.

ETFs in Focus

Simplify Volt Robocar Disruption and Tech ETF (VCAR Quick QuoteVCAR - Free Report)

Simplify Volt Robocar Disruption and Tech ETF is an actively managed ETF, seeking concentrated exposure to the leader of autonomous driving technology and then enhancing the concentrated exposure with options. It is heavily exposed to the Tesla stock and Tesla call options at 25% share.

Simplify Volt Robocar Disruption and Tech ETF seeks to boost its performance during extreme moves in Tesla, charging investors 0.95% in annual fees. It has accumulated $8.3 million in its asset base while trading in an average daily volume of 32,000 shares (read: Best-Performing ETFs of Fourth Quarter).

Consumer Discretionary Select Sector SPDR Fund (XLY Quick QuoteXLY - Free Report)

Consumer Discretionary Select Sector SPDR Fund offers exposure to the broad consumer discretionary space by tracking the Consumer Discretionary Select Sector Index.

Consumer Discretionary Select Sector SPDR Fund is the largest and most-popular product in this space, with AUM of $20.6 billion and an average daily volume of around 8.2 million shares. Holding 61 securities in its basket, Tesla takes the second spot with 18.2% of assets. Consumer Discretionary Select Sector SPDR Fund charges 12 bps in annual fees and has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook.

Vanguard Consumer Discretionary ETF (VCR Quick QuoteVCR - Free Report)

Vanguard Consumer Discretionary ETF currently follows the MSCI US Investable Market Consumer Discretionary 25/50 Index and holds 304 stocks in its basket. Of these, Tesla occupies the second position with a 13.9% allocation. Internet & direct marketing retail takes the largest share at 24.1%, while automobile manufacturers, home improvement retail and restaurants round off the next two spots.

Vanguard Consumer Discretionary ETF charges investors 10 bps in annual fees, while volume is moderate at nearly 134,000 shares a day. The product has managed about $6.4 billion in its asset base and carries a Zacks ETF Rank #2 (Buy) with a Medium risk outlook (read: Forget Amazon, Buy 5 Reopening-Friendly Consumer ETFs Instead).

Fidelity MSCI Consumer Discretionary Index ETF (FDIS Quick QuoteFDIS - 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 13.7% share. Internet & direct marketing retail makes up for the top sector with a 23.9% share, followed by specialty retail (20.5%), automobiles (16.7%) and hotels, restaurants & leisure (16.6%).

Fidelity MSCI Consumer Discretionary Index ETF has amassed $1.6 billion in its asset base while trading in a good volume of around 233,000 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.

MicroSectors FANG+ ETN (FNGS Quick QuoteFNGS - 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 $68.4 million in its asset base and charges 58 bps in annual fees. It trades in an average daily volume of 23,000 shares and has a Zacks ETF Rank #3 (Hold).