Another ETF with robust Tesla exposure is the First Trust NASDAQ Clean Edge Green Energy Index Fund (NasdaqGS: QCLN). Tesla is the largest holding in QCLN.
“The stock is QCLN’s largest holding at a weight of 10.6%, or about 170 basis points more than the ETF allocates to its second-largest holding,” notes Investopeia.
GEX has outperformed QCLN this year. The First Trust ETF holds 38 stocks, including Tesla.
For more information on renewables, visit our clean energy category.