Electric car company Tesla was taken off the Consumer Reports reliability survey in 2018, but improved reports from Tesla Model 3 and Model S owners have brought them back to recommendation status. As such, ETF investors may want to watch for funds with heavy weightings of Tesla.

All in all, Tesla climbed four spots in the latest iteration of the Consumer Reports Reliability Survey, which is based on reviews from owners of more than 400,000 vehicles.

“What we’ve seen with the Model 3 is that they had a lot of problems initially with paint, some body panel issues and a lot of windows that cracked, but over the few years that they’ve been building that vehicle they’ve worked those problems out,” said Jon Linkov, deputy auto editor at Consumer Reports.

If Tesla can keep up the positive ratings, here are five ETFs to watch with the heaviest weightings of the electric car company:

  1. ARK Industrial Innovation ETF (NYSEArca: ARKQ): seeks long-term growth of capital. The fund is an actively-managed fund that will invest under normal circumstances primarily in domestic and foreign equity securities of autonomous technology and robotics companies that are relevant to the fund’s investment theme of disruptive innovation. Most of the fund’s assets will be invested in equity securities, including common stocks, partnership interests, business trust shares and other equity investments or ownership interests in business enterprises.
  2. VanEck Vectors Low Carbon Energy ETF (NYSEArca: SMOG): seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ardour Global Index. “Low carbon energy companies” refers to companies primarily engaged in alternative energy, including renewable energy, alternative fuels and related enabling technologies (such as advanced batteries).
  3. First Trust NASDAQ Clean Edge Green Energy Index Fund (NasdaqGM: QCLN): seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an equity index called the NASDAQ® Clean Edge® Green Energy Index. The index is designed to track the performance of small, mid and large capitalization clean energy companies that are publicly traded in the United States.
  4. ARK Next Generation Internet ETF (NYSEArca: ARKW):  seeks long-term growth of capital. The fund is an actively-managed ETF that will invest under normal circumstances primarily in domestic and foreign equity securities of companies that are relevant to the fund’s investment theme of next generation internet. Under normal circumstances, substantially all of the fund’s assets will be invested in equity securities, including common stocks, partnership interests, business trust shares and other equity investments or ownership interests in business enterprises.
  5. ARK Innovation ETF (NYSEArca: ARKK): seeks long-term growth of capital. The fund is an actively-managed ETF that will invest under normal circumstances primarily in domestic and foreign equity securities of companies that are relevant to the fund’s investment theme of disruptive innovation. Its investments in foreign equity securities will be in both developed and emerging markets. It may invest in foreign securities (including investments in American Depositary Receipts and Global Depositary Receipts and securities listed on local foreign exchanges.

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