Tesla's share price has been highly volatile, experiencing drops of 20% to 30% while also achieving over 1,000% gains in five years. Currently, numerous fund managers are heavily investing in Tesla, with some ETFs consisting of more than 10% of their portfolio in Tesla. Notable ETFs include the ARK Autonomous Technology & Robotics ETF (ARKQ), which allocates 15.2% of its assets to Tesla and has delivered substantial annualized returns. The Roundhill Magnificent Seven ETF (MAGS) also holds a significant portion of Tesla's shares, maintaining an equal-weight strategy among other top stocks.
Investing in these ETFs will give you outsized exposure to Tesla plus a bunch of other stocks as well.
Some investors are piling into Tesla, but they are not just retail investors.
Tesla has outperformed many stocks, soaring by more than 1,000% over the past five years.
The fund has been a roller coaster. It has a 10-year annualized return of 16.7%, a 3-year annualized return of 6.2%.
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